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Hello Mehul,
Internal sliding round for which you have applied might allot you a better college than you have previously got. However, if you are planning to withdraw from this round you can, but no refund will be issued according to their policies. Before applying for this round you are already prompted for no refund once you apply. Hence, you may wait for completion of this round to get better college or withdraw if you wish.
Hope this answers your question...
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