Note 8 : Expenditures of refundable items like VAT and deposit will not be counted for all purposes. If the items for which grant under the EMF is being applied for are paid in currency other than Hong Kong dollars, TID reserves at all times the absolute right to use the prevailing market exchange rate, as it deems fit, to determine the amount of the relevant expenditures in Hong Kong dollars and the grant to be offered. TID will not be held liable for any discrepancies in grant offered due to fluctuation of exchange rate.
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