Foreign technical collaboration payment certification ensures instalment payments meet approval, tax clearance and procedural conditions before remittance. Certificate requires verification that payment of a lump-sum Technical Know how Fee under a foreign technical collaboration is made only as approved and ... Summary
Foreign technical collaboration payment certification ensures instalment payments meet approval, tax clearance and procedural conditions before remittance.
Certificate requires verification that payment of a lump-sum Technical Know how Fee under a foreign technical collaboration is made only as approved and in accordance with instalment conditions; the certifier must confirm approval letters form part of the agreement, the agreement was within approval validity, no unauthorized interest is included, tax and R&D cess obligations are discharged or supported by tax clearance, the Form TCD return filed, and state gross instalment, tax deduction (if any) and balance payable before signing and sealing the certificate.
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