(Item III-B of Part B of Annexure I to Chapter 8)
Declaration to be completed by Indian reproducer for remittance of royalty on copyright music reproduced in India
Instructions:
(i)
This declaration should be completed in duplicate and submitted to an Authorised Dealer in foreign exchange.
(ii)
This declaration should also be certified by a firm of Chartered Accountants in the space provided for the purpose.
(iii)
All remittances under any particular agreement should be effected through the same branch of the same authorised dealer.
Documentation:
Form A2
Certified copy of the Royalty Agreement.
A certified true copy of the approval from Govt. of India, Dept. of Electronics, if the royalty payable exceeds 20% of the retailed printed price.( Not applicable if payment is being made out of EEFC account of the applicant)
I.
Particulars of the Royalty Agreement.
Name and address of Indian reproducer
Name and address of foreign copyright holder of music
Title/s of the copyright material
(iv)
Number of records reproduced in India
(v)
The printed retail price of the record/CD/Cassete
(vi)
Rate of royalty
(vii)
Date of agreement and its validity period.
II.
Particulars of Royalty Payment due under the Agreement.
Period for which royalty is payable
Details of sale
(a)
Number of records/CDs/Cassettes
(b)
Total retail price of records sold
Rs.
(c)
Less applicable taxes paid
(-)
(d)
Less packaging charges
(e)
Retail price for computation of royalty
III.
Royalty amount due
Gross amount of royalty due
Deduct Income Tax
Rs.(-)
Net amount of royalty payable
IV.
Details of previous remittances
Amount of last remittance of royalty and date of remittance.
We hereby declare that the particulars given above are true and correct to the best of our knowledge and belief and the copyright music to which this declaration pertains is not on any proscribed list.
(Signature of the Authorised Official)
Name : .................................................
Designation...........................................
Place....................
Stamp
Date ......................
We have verified the relevant books and records of the firm/comlpany and hereby certify
that the amount of royalty stated in Part II of this declaration has been correctly arrived at.
(Signature)
Name :
Designation
Amount remitted (stating currency)
.........................................
Date of remittance
Name.........................................................................
Designation...............................................................
Name and Address of the authorised dealer..............