Llicencee will have three options qua EDC when he or she applies for surrender of licence. The licencee can get adjusted the amount of the EDC paid or due in his other licences. The licencee can get the amount of EDC refunded after deduction of 15 per cent of the total amount of EDC of the surrendered area of the licence or colony. If the licencee does not opt for any of the above two options, the amount will be refunded only upon a new licence being granted in that particular sector wherein the EDC to be demanded in the new licence is more than or equal to the EDC to be refunded .....