Dear Rajesh, if you want to opt for free exit, you have to report to the college and surrender your seat/admission within the stipulated time frame. Failure to surrender/resign from the seat/admission will be counted as the seat has been accepted. In such case you can neither opt for 2nd round of counselling nor can you get your refundable amount back. It is mandatory to surrender the seat within the stipulated time. MCC guidelines state so.