Question
Under the MSMED Act, 2006, what is the interest rate
that a buyer must pay to an MSME supplier if payment is delayed beyond the agreed date?Solution
If payment is delayed beyond the agreed date, the buyer must pay compound interest with monthly rests at three times the Bank Rate notified by the Reserve Bank of India.
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67.2, 8.4, 1.2, 0.2, 0.04, ?
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