Certificate to be furnished by design engineering concern

_______________________ (insert name of Bank) of India Bombay/Calcutta/Delhi/Madras

Dear Sirs,

We hereby certify that the undernoted bills/promissory notes arose out of bona fide commercial or trade transaction(s) relating to our sales of indigenous  _______________ machinery got manufactured according to our designs/specifications under our supervision and sold under our own name and with our own guarantee, on deferred payment basis, and have been drawn by an industrial concern as defined in Section 2(c) of the Industrial Development Bank of India Act, 1964.

We also confirm that in the case of ______________ availing itself of rediscounting facility from the __________________ Bank of India in respect of the aforesaid bills/promissory notes, bank will be under no obligation to present the bills/promissory notes for payment on due dates and notwithstanding the non- presentation, we will remain liable on the said bills/promissory notes. A certified copy of the relevant authorisation for waiving the presentation is enclosed/has already been forwarded to you.

We further certify that—

1. we have paid in full for machinery purchased/got fabricated from third parties which forms complete section(s) of the equipment/plant under sale; or
2. the stipulation at (a) above does not apply to machinery/equipment under sale.

 

   Yours faithfully,

___________________

List of bills/promissory notes

S.NO.	Date of bill/ promissory note	Name and address of drawer/maker	Amount of bill / promissory note	Usance	Name of endorsee

 

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