Transfer Pricing: Use SBI Short-Term Deposit Rate for Interest on Delayed Receivables, Not Prime Lending Rate. Currency Matters.

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....TP Adjustment - Interest on delayed receivables - the prime lending rate should not be considered and this reasoning will apply to adopting short term deposit interest rate offered by State Bank of India (SBI) also. The rate of interest would be on the basis of the currency in which the loan is to be repaid. - AT....