Certificate for payment of royalty under foreign technical collaboration

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...._ 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 number __________________ dated ______________. 4. A sum of ________________ towards payment of technical know-how fees has already been remitted on ________________ and balance amount of ____________________________remaining to be paid is due on ________________/ no further payment remains to be made on this account. 5. The colla....

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.... _______________ under the above collaboration. The amount has been calculated strictly in accordance with the terms and conditions stipulated in this regard by the RBI/Government, vide its letter dated _______________ cited above; details whereof are furnished in the Annexure. 8. We have perused the books of accounts, the collaboration agreement, Government's letter of approval, RBI's letter dated ____________ and other relevant records and having fully satisfied ourselves certify as under : (i) the statements 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 ___________________;....