Terms & Conditions
1. The Proprietor / Intermediary of the material will deposit the Non-Refundable Security Amount into the Company’s account. The Proprietor / Intermediary must also submit a verified Proof of Address, Signature Verification Certificate from any Nationalized Bank, and three pre-signed Stamp Papers (₹200 each).
2. A mutually suitable Date will be fixed, not earlier than 48 hours post-payment (subject to availability of the Tester / Metallurgist). On this date, the Company’s Authorized Coordinator with the Qualified and Licensed Tester/Metallurgist will visit the Test Location.
3. Company agents will not present Profiles, Documents, Licenses, Cash, or Fund Proof until the material is confirmed as genuine by the Company Tester/Metallurgist.
4. Only two individuals from the Owner’s side may be present during the test, along with two Company representatives. If more than two persons from the Owner’s side are present, the Company may decline to conduct the test.
5. The Testing Location must be a house / building within a 2 km radius of the Bond-specified address, with a motorable road leading up to it. It must be situated in a proper Residential area or safe hotel, suitable for business. Isolated places (forests, fields, mountains, rivers, farmhouses, etc.) are invalid. The Company may refuse if security of its personnel is questionable. The Company’s decision on this matter is final.
6. Within six hours of Security Payment, the Company will issue a Finance Bond valid for 12 hours only. After expiry, the Bond is void. Material and Testing Location cannot be altered after Bond issuance. One Bond applies to one item only and is non-transferable.
7. If the Owner/Intermediary fails to produce material within 12 hours of the Bond period or if material fails testing, the Bond expires, and Security Payment is forfeited.
8. Testing must be allowed freely without interference. If the Owner/Mediators obstruct, the Company may cancel testing. The Owner/Mediators must maintain at least 10 feet distance. The Tester/Metallurgist may repeat tests until completely satisfied.
9. Testing hours are strictly between 8:00 AM and Noon.
10. Once all examinations are completed and the material is verified:
11. Within three working days, 50% of the balance amount will be paid, and the remainder within the following seven working days. Payments will be strictly Bank-to-Bank transfers.
12. Material will remain under joint custody of both Owner and Company until full payment is made.
13. Documentation will be finalized within 15–25 days.
14. Each beneficiary must submit:
• Ten passport-size photos
• Government-issued Identity Proof (Voter ID / PAN / Driving License)
• Proof of Residence (Ration Card / Driving License) for Documentation, Banking, and Taxation purposes.
15. Company agents will only communicate with the individual who paid the Security Amount.
16. The decision of the Company’s Tester/Metallurgist is final and binding on the Seller / Intermediaries.
TESTING LOCATION CODE
1. Testing must occur in a hall / building / house with four walls and a roof.
2. It must be calm, peaceful, and in a respectable residential area suitable for business.
3. Location should be near a Metro or Major City.
4. There must be a proper paved (tar/cement) road accessible by four-wheelers.
5. Mobile network coverage must be available.
Note: The Company will not test if these conditions are unmet.
BOND RENEWAL CODE
1. After Bond expiry (12 hours), renewal is possible as follows:
• 60% of Security Amount if renewed within the first hour.
• 80% of Security Amount if renewed within the next six hours.
• 100% Security Amount after seven hours.
2. If testing is cancelled or postponed after Security Payment but before Bond issuance, the Security Amount will be retained for 30 days. It may be used for the same or different material within that period. Conveyance is additional.
3. Renewed Bonds can only apply to the same material within 30 days.