The Director,
__________ (Company Name),
__________ (Address)

Date: __/__/____ (Date)

Subject: Revision of Rates

Dear Sir/Madam,

I/ We appreciate the valuable business relations we carry for the last ___ years.

We regret to inform that due to ________ (hike in our raw material/cost issue/any other issue) ____________ (Material/ costing details) and other expenses which take place forced us to increase our rates and charges to rates of ______ (Product) will be increased by _______ (Percent of Hike) with effect from __/__/___ (Effective Date). We have been trying to avoid the hike for a long time. We believe you will favor us with more valuable orders.

We appreciate your understanding and loyalty. We expect an even better business relationship with you in the coming future.

Thanking you,

__________ (Company Name),
__________ (Authorized Signatory)

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