(To be provided on companies’ letterhead)

Our Ref No.:

Date:

Dear Sir/Madam,

Subject: Reduction of Invoice Value in other Case

We hereby provide C.17 declaration of RBI Master Circular on Exports of Goods

and Services dated 01st July 2013 on reduction of invoice value in other cases. We
have negotiated/sent the bills for collection and details of the bills are as below:

Sr Negotiated/ Bank’s Bill Buyer – Invoi Bill Outstan Reason

. Sent ID Name ce Amoun ding for
Collection No. t Amount reducti
on of
Invoice
Collection Discou
nt
offered.

2. We hereby provide the supporting documents for the reduction of invoice value
as above.

3. We hereby abide and confirm to the Clause (i) of the above mentioned RBI
Circular and reads as:

(i) If, after a bill has been negotiated or sent for collection, its amount is to be reduced
for any reason, AD Category – I banks may approve such reduction, if satisfied about
genuineness of the request, provided:
a. We confirm that the reduction does not exceed 25 per cent of invoice value:
b. We confirm that It does not relate to export of commodities subject to floor price
stipulations
c. We confirm that we have not on the exporters’ caution list of the Reserve
Bank, and
d. We confirm that we have surrendered proportionate export incentives availed
of, if any.

4. We request you to kindly knock-off the outstanding amount/s in your books and
provide a confirmation for the same.

Thanking you,

Yours’ Faithfully,

Authorized Signatory
Name:
Designation:
Company Seal: