Certificate for Payment of Technical know-how fee under Foreign Technical collaboration

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..... ___________________________ _____________________________________________________________________________________________ (specify purpose) 2. The above collaboration has been approved by the Reserve Bank of India/Government of <?xml:namespace 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 lump sum technical know-how fee of __________ ____________________ (amount) net of taxes/subject to taxes is payable to the overseas collaborator in _________ .....

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..... : (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 ot .....

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..... 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 .....

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