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The registration fee indicated above shall be payable by a (cheque), draft or other instrument drawn in favour of “The Securities and Exchange Board of India” payable at Bombay or at the respective regional office.
That he shall pay, on demand, in the event of his failure to comply with any of the aforesaid conditions, an amount equal to the difference between the duty leviable on such goods at the time of importation but for the exemption contained herein.
