A percentage (e.g., 25%) is deducted from the total value to protect the bank's interest.
Mismatched Figures: Ensure the figures in NF 1003 align with your GST returns and books of accounts.
If you are tracking (or any PSU bank) for investment, understanding the NF 1003 form is crucial.
Partially finished goods currently in production. Finished Goods: Final products ready for sale.
Usually submitted monthly (by the 7th or 10th). Late submission can lead to penal interest .
NF 1003 Reminder for Canara Bank Borrowers
