Certificate for payment of royalty under foreign technical collaboration

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..... amespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /> India , Ministry of Industry, vide its letter No. ______________________dated ____________________ and subsequent amendment(s) vide letter(s) No. (s) __________________________ dated ___________ setting out that a royalty of _________ and ___________net of taxes/subject to taxes is payable to the overseas collaborator on domestic sales (rate) (rate) and actual export proceeds on fulfilment of the condition/s governing each such payment. 3. The above collaboration bears Registration No.________________________ accorded by RBI, FITT Section, Mumbai /RBI ____________________________ vide its letter num .....

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..... Domestic Exports Total (4) sales sales (i.e. (i.e. Column-2) Column-3) ---------- -------------- ---------- ------------ ----------------- ------------------- ---------- ----------------- .....

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..... and correct to the best of our knowledge and belief; (ii) the Reserve Bank's/Government's letter of approval and subsequent amendment, if any, form part of the collaboration agreement dated ___________________; (iii) the amount of royalty has been calculated on products manufactured after the conclusion of the collaboration agreement and the quantum of said production is within the capacity approved by the Government of India; (iv) the Indian company has executed legal undertaking/furnished bank guarantee and has fulfilled the export obligation as instructed by DGFT and Ministry of Commerce; (v) M/s.______________________________ .....

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..... y) Name: ….…………………………….. Address: ….…………………………. Registration No. ….…………………. Notes : (i) Delete under authentication whatever is not applicable but no item/clause should be omitted from this format of the Certificate. (ii) Additional information, if any, may be supplied on separate sheet under proper authentication. ANNEXURE Domestic Export Total sales sales .....

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