Advance Payment Undertaking against Import of Pressure Safety Values
Subject: Advance Payment Undertaking against Import of Pressure Safety Values
You are requested to please issue FTT amounting to Euro (Amount of Money) in favour of Power gen (Country Name) components against advance payment for import of pressure safety valves more explicitly requested in our letter reference no ACC-…………, (Date).
We hereby authenticate that we are a Manufacturing/ Production (Business type) concern and will only be used in our manufacturing process.
We further accept that we will capitulate the shipping documents against this advance payment within (State date & time) of the date of advance payment and in case of non submission of shipping document, we will be liable to pay a penalty @3% per month or part thereof on the amount of advance payment from the date of remittance till date of submission of shipping documents or we will repatriate the amount of advance payment back into (Country Name).