Home>>Select the Ministry>>Select department within Reserve Bank of India>>Select forms to download>>This Page
Follow us on: FacebookTwitter

Google +1 Button


E-mail
Share
Wednesday, 01 September 2010 05:30

Download Certificate for Payment of Technical Know-how Fee Under Foreign Technical Collaboration

Form Details
MinistryReserve Bank of India
DepartmentUnspecified
TitleCertificate for Payment of Technical Know-how Fee Under Foreign Technical Collaboration
LanguageEnglish
Document Size6.5 KB
Text of the PDF document(for quick reference)
TCK [Paragraph 10 B.5(i)] Certificate for Payment of Technical know-how fee under Foreign Technical collaboration This certificate has reference to the foreign technical collaboration between M/s. __________________________________________________________________ (hereinafter referred to as "Indian company" and M/s. ___________________________________________ ______________ (hereinafter referred to as "oversees collaborator" for ____________________ _____________________________________________________________________________ _____________________________________________________________________________ (specify purpose) 2. The above collaboration has been approved by the Reserve Bank of India/Government of India, Ministry of Industry, vide its letter No. ___________________ dated ________________ and subsequent amendment(s) vide letter(s) No. (s) ____________________________________ dated __________________ setting out that a lump sum technical know-how fee of __________ ____________________ (amount) net of taxes/subject to taxes is payable to the overseas collaborator in ______________________________ (number) instalments (each being of _____ ___________________________________) on fulfilment of the condition governing payment of each such instalment. 3. The above collaboration bears Registration No. _________________________ accorded by RBI, FITT Section, Bombay/Reserve Bank of India, __________________ vide its letter number _______________________________________ dated ________________________. 4. A sum of __________________________ towards payment of instalment/s number(s) _____________________ has already been remitted on __________________ paid subject to fulfilment of obligation thereunder by the overseas collaborator. 5. A payment of __________________ net of tax/subject to tax towards________________________________ instalment has now become due to the overseas collaborator on their having completely fulfilled the obligation cast on them for receiving this instalment, under the collaboration agreement dated ___________and as approved by the Reserve Bank of India/Government vide its letter dated___________________ cited in paragraph 2 above. 6. We have verified the books of accounts, the collaboration agreement, Government's letter of approval, RBI's letter dated _________________________, technical documents and other relevant paper/documents etc. and having fully satisfied ourselves, hereby certify that : (i) the statement made above are true 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 collaboration agreement in question has been concluded within the validity period of the Reserve Bank's/Government's letter of approval; (iv) the proposed payment does not in any way involve payment of any interest on delayed payment and/or any other payment which is not specifically permitted under RBI/Government's letter of approval dated _______________; (v) the Indian company has paid income-tax at the rate specified by the Government and deposited with _______________________________________________________ (Name of bank and branch) on __________________. OR a 'No Objection Certificate'/tax clearance certificate issued by____________________________________ vide No. ____________________ dated________________ is enclosed, in original; (vi) the indian company has paid cess under R & D Cess Act, 1986, on the amount of technical know-how fee in question; (vii) the Indian company has submitted to Reserve Bank of India, _______________________the Return in form TCD for the year ended 31st December________________; (viii) a payment of ______________________ has fallen due to the overseas collaborator after adjustment of income-tax as follows : a) Gross amount of payable instalment of fee b) Less amount reduced towards income-tax if the payment is "subject to tax" Balance payable Place : Chartered Accountant/Chartered Engineer (Signature of the authorised signatory) SEAL Name: . . . . . . . . . . . . . . . . . . . . . . . . . . . . Address: . . . . . . . . . . . . . . . . . . . . . . . . . . Date : 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.
Last Updated on Friday, 17 December 2010 05:30
 

Add comment


Security code
Refresh

We don't keep copyrighted documents. Only free and public documents are allowed at this site

Copyright © 2024 Download Forms India. All Rights Reserved.