Payment Terms
We offer flexible and secure payment options designed to facilitate smooth international transactions for our industrial blades, dies, and recycling components.
1. Standard Payment Methods
- Wire Transfer (T/T): Our preferred method for global transactions. Payments should be made in USD, EUR, or INR as specified in your Proforma Invoice.
- Letter of Credit (L/C): For high-value orders or established project contracts, we accept Irrevocable Letters of Credit at Sight, confirmed by a prime international bank.
- Documentary Collections (D/P): Available for recurring clients with established trade history, subject to credit approval.
2. Order & Production Milestones
To maintain our 3-5 week production and delivery schedule, the following structure typically applies:
- Advance Payment: A standard 30% to 50% advance is required to initiate production, especially for customized blades or specialized pelletizing dies.
- Balance Payment: The remaining balance is due prior to dispatch (FCA/EXW terms) or upon presentation of shipping documents (CIF terms).
3. Currency & Exchange
All prices are quoted based on the current exchange rate at the time of the Proforma Invoice. For international clients, we recommend completing transfers promptly to avoid fluctuations. Any bank intermediary charges are to be borne by the remitter.
4. Late Payments & Credit
- Net Terms: Credit periods (e.g., Net 30) are exclusively available to long-term partners and are subject to a formal credit review.
- Interest: Late payments beyond the agreed due date may be subject to an interest charge of 1.5% per month on the outstanding balance.
5. Taxes & Duties
- Exports: Prices quoted for international shipping are exclusive of destination import duties, VAT, or local taxes. These remain the sole responsibility of the buyer.
- Domestic (India): For orders within India, GST will be applied as per the prevailing government rates at the time of invoicing.