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State of Punjab - Section

Section 12 in Allotment/Transfer of built up Booths on lease hold basis in Chandigarh Scheme, 1993

12.

In addition to payment of 25 per cent premium under Columns 10 and 1, the remaining 75% of premium shall be recoverable in three equated, yearly instalments alongwith interest at the rate of 16% per annum.