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State of Goa - Section

Section 5 in The Goa (Prohibition of Further Payments and Recovery of Rebate Benefits) Act, 2002

5. Consequences on non-refund.

- All industrial consumers specified in section 2 and who fail to comply with the provisions of said section 2 within the stipulated period, shall be liable to pay interest on the sum due @ 18% per annum from the date of expiry of the period specified in section 3, till full refund is effected.