WELSPUN INDIA LIMITED HAS RESERVE THE RIGHT TO CANCEL ORDER/REDUCE QUANTITY OF AUCTION AT ANY TIME WITHOUT ADDING YOUR PRIOR CONFIRMATION. WE CAN ALSO DIVERT THE ORDER TO OTHER SUPPLIER.

TERMS AND CONDITIONS:

Basic Rate - For 100% (Dry Basis) Excise Duty - Extra as applicable (Currently 12%) Edu. Cess - Extra as applicable (Currently 3% on ED) Freight Charges - For 100% (Dry Basis) Sales Tax - 4% Vat + 1% additional Vat Extra (For supply from Gujarat) or 2% CST against Form C FOR - Our Anjar Plant Other terms & Conditions:

1. Place of Delivery: - The material would have to be supplied to Welspun India Ltd, Welspun City, Survey Nos. 666,667,675,700,775 Anjar-Bhachau Road, Village - Varsamedi, Taluka - Anjar, and Dist Kutch Gujarat-370110.

2. Orders release and delivery schedule:- The authorized purchase officials of Welspun India will place Purchase Orders in writing through fax / e-mail along with the delivery schedule. And you will arrange the deliveries of all the materials as per the given schedule. Material will be accepted from 9.00am to 6.00pm on working days only with PUC Certified Tankers only. A) Invoice-Duplicate for transporter & one additional copy. B) Lorry Receipt in Original & C) Test certificate of Caustic Soda Lye should be sent along with the Material only.

3. Delivery Period: Delivery shall be made as per our delivery Schedule.

4. Transit Loss and Strength Variation: Tolerance allowed in terms of weight is  0.5%. ( After Calculating weight on 100% basis: Total Weight X Purity % (Both are actual)

5. Payment Terms:- Welspun India Ltd will settle the payment after submission of invoices and relevant supporting documents after supply is made. The payment shall be released within 60 days from date of submission of bills; PO number must be clearly mentioned on all Bills/Invoices. Detailed packing list to be sent as applicable. I.e. WIL shall not be responsible for delay in payment for the reason of commercial non-compliance at your end.

6. Mode of Payment: - The payment will be made by way of Cheque payable at par in all major cities or RTGS.

7. The net landed rate will include the basic rate, all statutory levies like excise, Freight and CST. Unloading cost at Welspun India Ltd at Plant will be borne by Welspun India ltd. In case of any revision, you have to intimate to the undersigned with the proper written documents.

8. Charges for Non-Conformance: - In case of failure to meet the ‘delivery’, ‘quantity’ and ‘quality’ requirements of Welspun India Ltd, Welspun is at liberty to source requirements from any other company at prevailing market price. The extra charges and/or the loss in production cost incurred by Welspun India Ltd due to non-delivery of goods in time or not being according to quality shall be debited to your account. Welspun India Ltd reserves the right to revoke the contract, with hold the payment and claim damages if any. It is advisable that any planned shutdown is intimated well in advance to Welspun India Ltd for mutual convenience.

9. Quality:- The testing parameters as measured and found by Welspun India Ltd will be treated as final. Rejected material has to be removed from the premises at supplier’s own cost and the correct quality material to be supplied within a mutually agreed time limit.

10.Performance Audit: - The performance would be reviewed periodically on delivery and quality parameters. Welspun India Ltd. Reserves the right to terminate the contract for poor quality and service performance. Welspun India Ltd. Key personnel would be entitled to visit the vendor’s plant for audit at any time during the term of contract. Welspun India Ltd. Reserves the right to cancel the order in full or part thereof.

11.Customer complaints, if found, due to any of your product, used in manufacturing our product, the liability extends to your company for the same.

12.Any dispute arising out of this contract shall be settled in accordance with Arbitration rules of the country and will be subject to Anjar jurisdiction.

13.The purchase order number should be written on challan as well as invoice.

14.Transit Insurance shall be covered by Supplier.

15.Welspun reserve the right to recover 10% of the order value in case of delay in delivery from the normal schedule of dispatch given to you.

16.All documentation should be in English Language.