Declaration With reference to our application for outward remittance for ________________( specify the currency and the amount) in favour of ____________________________________ ( name and address of the beneficiary) towards ____________________________ ( mention the purpose). We hereby declare that the total outward remittance made including the present application towards the initial and recurring expense for the overseas branches / offices / representatives did not exceed the ceiling limit fixed by Reserve Bank of India. During the present accounting year FY_______ we have effected outward remittances as under towards initial and recurring expenditure for overseas branches / offices / representatives through authorized dealers in foreign exchange. **Amount 2% of average sales / 1% of average sales / income / remitted income / turnover turnover during during last two accounting years as last two accounting years ceiling limit as ceiling limit Initial expenses XXXX Recurring expenses
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** Include the amount in the present application also.
Place: Signature of the authorized official Date: Name of the firm / Company Name of the official Designation Address
ANNEXURE-II [A.P.(DIR Series) Circular No.71 Dated January 13, 2002] Application for acquisition of immovable Property overseas- Branches/trading offices S.No. 1
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Details Name and address of the company : (i) In India (ii) Abroad Date of establishment of office abroad Net worth for the previous 3 years based on audited balance-sheet : Overdue export out standings, if any. : Details of property proposed to be acquired Purpose for acquiring property
Particulars
7 Amount of funds to be remitted 8. Source of funds 9. Whether under investigation of Enforcement Directorate/Directorate of Revenue Intelligence etc We hereby certify that the particulars given above are true to the best of our knowledge and belief. We undertake to strictly abide by the instructions issued and the conditions that may be stipulated by Reserve Bank. __________________________ (Signature of Authorised Official) Place: Date: Name: Designation: To, Chief General Manager Exchange Control Department Reserve Bank of India Central Office, Trade Divison (Exports), Amar Building Mumbai 400 001
