Eximkey - India Export Import Policy 2004 2013 Exim Policy
BRT

(Item III of Part B of Annexure I to Chapter 8)

Declaration to be completed by Indian publishers for remittance of royalty on books and
literature reprinted in India


Instructions:

  1. This declaration should be completed in duplicate and submitted to an authorised dealerin foreign exchange.

  2. If the gross amount of royalty exceeds U.S.$. 5,000/-, this declaration should also becertified by a firm of Chartered Accountants in the space provided for the purpose.

  3. All remittances under any particular agreement should be effected through the samebranch of the same authorised dealer.
Documentation:

  1. Form A2 duly filled in and signed by the applicant.

  2. Certified copy of the royalty agreement.


  1. Particulars of the Royalty Agreement
 
    1. Name and address of Indian publisher
 
    1. Name and address of foreign author/copyright holder/publisher.
 
    1. Title of the book/copyright material.
 
    1. Number of copies to be reprinted in India
 
    1. Indian published price of the reprint.
 
    1. Rate of royalty.
 
    1. Whether any advance royalty is payable under theagreement; if so, the amount and how it will be adjusted.
 
    1. Date of agreement and its validity period
 
  1. Particulars of Royalty Payment due under the Agreement.
 
    1. Period for which royalty is payable.
 
    1. Details of reprints and sales:
 
      1. No. of copies printed
 
      1. No. of copies sold
 
      1. Indian published price of the book
Rs._______________
      1. Total sale proceeds
Rs._______________
    1. Royalty Amount due
      Gross amount of royalty due @__%
Rs.______________
      Deduct Advance royalty paid/unadjusted balance of
      advance royalty, if any.
Rs.______________
      Deduct
 
      Income-tax                          Rs.______________
Rs.......................
      Surcharge on Income-tax        Rs.______________
Rs......................
      Net amount of royalty payable
 
    1. Details of previous remittances:
 
      1. Advance royalty remitted if any and date of remittance
 
      1. Amount of last remittance of royalty and date ofremittance
 


     We hereby declare that the particulars given above are true and correct to the best of our knowledge and belief and the book/copyright literature to which this declaration pertains is not on the proscribed list or banned list of foreign books for import.

 _____________________________________________
(Stamp & Signature of the Indian publisher)
Date:.............. 



Space for use by Chartered Accountants


     We have verified the relevant books and records of the firm/company and hereby certify that the amount of royalty stated in Part II of this declaration has been correctly arrived at. We also confirm that the amount of tax deducted from the royalty is appropriate and it has been paid to the Government of India.

Place:................._____________________________________________
(Stamp & Signature of Chartered Accountants)
Date:.............. 



Space for use of the authorised dealer


Amount remitted (stating currency)   ________________________
    ________________________
Date of remittance
Stamp
________________________
(Signature of Authorised Official)
    Name .............................
    Designation .....................
    Name and Address of .......
Date...........   Authorised Dealer .............


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