When the Import/Export Bill is liquidated with back value date, the Interest is adjusted accordingly as below:

In case of Interest with Advance, the system does a refund for the additional amount received.

In the case of Arrears with accrual option checked, the system does the reversal of the interest accrual for the excess days and collects Interest only for the actual period (Liquidation Value Date - Transaction Value Date).

If the Arrears with accrual option is unchecked, the system will calculate the Interest only for the actual period (Liquidation Value Date - Transaction Value Date).

A new Amount tag, REFUND_INTEREST will be introduced.

When the Interest Component is defined, the amount tag REFUND_INTEREST is automatically created as <Component>_DECR. This is used for parking the refund amount during the intermediate partial liquidations.