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<h1>Finance Act 1964: New Refund Rules for Excess Deposits in Compulsory Deposit Scheme Act 1963, Section 4, Subsections 9A & 9B.</h1> The Finance Act, 1964 amends the Compulsory Deposit Scheme Act, 1963 by adding subsections 9A and 9B to Section 4. Subsection 9A provides that if a person deposits an amount exceeding the additional surcharge payable under subsections 3 or 4, the excess amount will be refunded with interest upon application. Subsection 9B states that if a person liable for advance tax under the Income-tax Act has deposited funds in the financial year starting April 1, 1963, those deposits will also be refunded with interest upon application, as determined by the Central Government.