audit of KCC
shreyansh (a) (97 Points)
19 May 2018
Sir My query is when is KCC considered as out of order in case of long duration crop and short duration crop ?
2 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 19 May 2018
KCC granted for short duration crops will be treated as NPA, if the instalmentof principal or interest thereon remains overdue for two crop seasons. KCC granted for long duration crops will be treated as NPA if the instalment of principal or interest thereon remains overdue for one crop season.
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