Consumables used in the machinery or manufacturing process. 3. Creditors Deductions
Whether you run a small trading unit or a medium-scale manufacturing firm, the stock statement is mandatory for three main reasons:
Look for "Working Capital Forms" or search directly for "Stock Statement Form." Download the file in PDF or Excel format. 2. Access Through Internet Banking
Subtract any stock purchased on credit where payment is still outstanding. Canara Bank Occ Stock Statement Form Download
Method 2: Download via Corporate Internet Banking (Hod/CanNet)
If you need an to auto-calculate the Drawing Power?
Ensure the statement is submitted before the deadline provided by your branch (usually within the first week of the following month) to avoid penalties or reduction in your drawing power. Consumables used in the machinery or manufacturing process
To help tailor this guide further, let me know if you need help with:
The stock statement is divided into distinct sections. Each section must reflect accurate values matching your internal accounting books: 1. Inventory Details (Raw Materials, WIP, Finished Goods)
By submitting this form, you assure the bank that your stock value never falls below the stipulated margin requirement (typically 25% to 40% of the limit). Ensure the statement is submitted before the deadline
Once you receive it, save it for future use. Most branches will email you the template within an hour.
The value of the stock must match your internal accounting records (Stock Register).
Since the physical form is obsolete, here’s how you can get the correct current format directly from Canara Bank:
Visit the official website, navigate to the "Download Center" or search for "Stock Statement" to find the latest NF-540 document.
Always renew your insurance policies well before the expiry date and submit the renewed copies to the bank.