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Circular W.E.F 19th May'22
Circular W.E.F 19th May'22
B GST
1. In case of delivered sale from factory GST is applicable at the time of supply on its delivered price as per Annexure I.
2. In case of Ex-Depot Sales, GST is applicable at the time of supply as per respective depot prices.
D Others
1. For delivered sale from factory unloading at customer's end will be arranged by the customer.
2. For Ex-Depot sales, customer will be responsible for arranging transportation from RIL depot to its destination and shall pay freight & d
(Including Loading & Unloading charges).
E Packaging
Prices are inclusive of packaging as applicable.
F
Discounts (Domestic Sales Only)
1. Cash Discount (CD) @ Rs.960/MT is applicable on all grades except plant sweepings & waste grades and will be deducted from the B
Circular for payment of GST.
2. An Early Payment Incentive (EPI) @ Rs.96/MT/DAY for all credit sales will be given to the customers only if payment is received dire
subject to a maximum of 9 days.
a For Contracts, Pre GST Trade Discount - Quantity can be netted off from the Price as per Pricing Zone itself.
For this the customer will have to enter into a Contract as per the prescribed format.
b Trade Discount - Quantity can be granted starting with first despatch itself, based on the contracts, for payment of GST. c Appli
grades on monthly lifting basis except Utility, Sweepings, Wastes and
Polypropylene Powder.
d Trade Discount - Quantity when not contracted, to be settled by credit note after completion of lifting on Post Sales basis in the fol
e TD - Quantity is not applicable for Deemed Exports. Also, Deemed Exports quantity not to be clubbed with domestic sales quantit
f QD in case of sales through Ex-Consignment points (where company depot exists) is restricted to 63 MT/Month as per slab
g Combined Lifting of the Customer's Group Companies will be taken into account for determining the slabs of Quantity Discount El
Discount-Quantity as per management approval.
h Slabs will be worked out by taking into account domestic offtake from all Domestic Supply locations of RIL/RIL SEZ.
4. Trade Discount – Grade Specific (TD-GS)
Grade Rs/MT
H200MK 3000
a For all Domestic supplies, the discount will be given Post Sales through Credit Notes wherever applicable.
b Trade Discount - Grade Specific can also be deducted in the Price as per Pricing Zone for payment of GST as per Contract/Purch
customers.
5. Trade Discount - Performance/Rate Difference/Regional/Others is as per scheme announced/approval.
G Dealer Sales
1. Dealers will be entitled for Trade Discount - Dealers @Rs.350/MT on Post Sale basis.
2. Trade Discount - Quantity to Dealers are as under - Trade Discount - Quantity for Dealer Sales
a Trade Discount- Quantity for supplies to dealers is applicable for all Prime and Non-Prime grades as above.
b For all Domestic supplies, the discount will be given Post Sales through Credit Notes wherever applicable.
H The company reserves the right to pay or adjust Post Sale Discounts, through any financial asset, directly or through any other par
agent without requiring any reference.
I Group Companies
Customers registered as Group in RIL books shall be considered for Quantity Discount, Performance Scheme and any Other Discounts
guidelines.
J Credit Policy
1. Terms of Payment
a For Domestic supplies:
10 days interest free credit for both Customers and Dealers b For Deemed Exports supplies (Including Supplies to SEZ):
i. For supplies under LC: 10 days Interest Free Credit period for Customers
ii. For supplies under E- Payment: (Payment has to be made through E-Payment / Other approved payment method) For Credit Sale: 5 days
For Cash Sale: Payment on next working day from the Date Of Invoice
iii. In case of L/C payment (DE Sale), applicable Usance interest rates will be as under
a) Upto 60 Days : DE (Inc SEZ) Sale 11% per annum
b) 61-90 days : DE (Inc SEZ) Sale 14% per annum
c) GST will be charged on Usance Interest as per the rates applicable for the goods under GST
iv. Acceptance of LC's > 60 days at RIL discretion.
2. Delayed Payment Charges
If payment is not received as per the payment terms, interest will be charged as below:
a For Cash Sale @ 36% per annum for the delayed period from the Date of Invoice b For Credit Sale :
i. In case Cheque / E-payment
First 15 days after IFC : 21% per annum (After IFC Period)
16 days to 30 days : 24% per annum (From the date of Invoice)
>30 days : 27% per annum (From the date of Invoice)
ii. In case of L/C payment, delayed Payment after usance period @ 23% per annum
c For Deemed Export (Inc SEZ) orders under E.T. (Electronic Transfer) - @ 25% per annum for delay period (Both Cash & Credit Paymen
d GST will be charged on Delayed Payment Charges as per the rates applicable for the goods under GST
M Transit Insurance
Existing policy & procedure on Transit Insurance in case of Material shortage/damage in transit will continue & there is no change.
N Deemed Exports -
1. Supply to Deemed Export customers will only be delivered to Customer & assisted by DCA.
2. All supplies to Deemed Export customers will be under contract. Prices for supplies against contracts will be as per mutually agreed te
the contracts.
3. Deemed Export supplies to EOU/Against Advance License (Excluding Supplies to SEZ) will be treated at par with DTA supplies & GST
4. Gradewise delivered Deemed Export Credit Prices for Hazira, Jamnagar, Baroda & Nagothane will be arrived as per Annexure III & C
IV.
Cash Price applicability is subject to their payment on next working day from the date of invoice. Deemed Export Credit/Cash supplies are
with the procedures for obtaining supplies with reference to Advance License.
5. Contracts to be entered with customers will be after considering Volume Based Incentive (As per Annexure VII) as decided by RIL fro
6. Deemed Exports are not eligible for EPI, Trade Discounts (all) and any Other Discounts.
Deemed Export quantity shall not be clubbed with Domestic sales quantity for any discount eligibility.
7. GST liability-
Supplies will be under payment of GST as applicable.
8. It is re-emphasized that the full (duly checked) set of Deemed Export documents should be received at HO for processing as per the
9. In case of supplies against Fixed Price Contracts, Price will be applicable as per the terms of the said contract and such supplies will no
pricing policy.For Operating Guidelines and Other Customer–DCA Commitments and Clauses, please
refer to our Detailed DE Fixed Price Policy Note.
O Supply to SEZ
1. Supply to SEZ Customers will only be delivered to Customer & assisted by DCA.
2. All supplies to SEZ Customers will be under contract. Prices for supplies against contracts will be as per mutually agreed terms & con
contracts.
3. Supply to SEZ will be against Bill Of Export & such supplies will be Zero Rated.
These supplies are considered as Physical Exports for the purpose of Foreign Trade Policy (FTP) Benefits.
4. Gradewise delivered Prices for supply to SEZ customers from Hazira, Jamnagar, Baroda & Nagothane will be arrived as per Annexur
per Annexure VI (for Cash sales)
Cash Price applicability is subject to their payment on next working day from the date of invoice.
Supply to SEZ Customers(credit/cash sales) are subject to their complying with the procedures for obtaining supplies with reference to Ad
5. Contracts to be entered with customers will be after considering Volume Based Incentive (As per Annexure VII) as decided by RIL fro
6. Supplies to SEZ are not eligible for EPI, Trade Discounts (all) and any Other Discounts.
Supplies to SEZ quantity shall not be clubbed with Domestic sales quantity for any discount eligibility.
7. GST liability-
a All supplies to SEZ will be Zero Rated & customer to hand over prescribed document giving proof
/updation in government portal for receipt of material in SEZ.
b For Duty Foregone purpose GST liability will be calculated on Transaction Value.
8. It is re-emphasized that the full (duly checked) set of documents should be received at HO for processing as per the guidelines iss
9. In case of supplies against Fixed Price Contracts, Price will be applicable as per the terms of the said contract and such supplies wi
pricing policy list.For Operating Guidelines and Other Customer–DCA Commitments and Clauses,please
refer to our Detailed DE Fixed Price Policy Note.
Regards,
Nishith Patel
This is system generated circular & does not require any signature
nt grades
contracts.
s per Annexure I.
applicable.
ment of GST as per Contract/Purchase Order with the
pproval.
grades as above.
ever applicable.
fits.
ane will be arrived as per Annexure V (for Credit Sales) & as
122145 122895
120610 121700
121548 122298
121325 122075
121325 122075
123550 124300
122500 123250
122812 124152
122295 123045
121345 122095
121345 122095
121897 122647
120646 121396
1581 1591
1561 1575
1573 1583
1570 1580
1570 1580
1599 1609
1586 1595
1590 1607
1583 1593
1571 1580
1571 1580
1578 1587
1562 1571
Sr.No. Pricing Zone SEZ Location B030MG B120MA B220MN B300MN B400MN B650MN C015EG
<--- Rs./MT --->
1 AURANGBDMH AurangbdMH 125906 125906 126396 129706 127376 127376 127376
2 CALCUTTA Falta 124711 124711 125201 128511 126181 126181 126181
3 CHENNAI Chennai 125305 125305 125795 129105 126775 126775 126775
4 GANDHIDHAM Kandla 125086 125086 125576 128886 126556 126556 126556
5 GANDHIDHAM Mundra 125086 125086 125576 128886 126556 126556 126556
6 HUBLI Belgaum 127309 127309 127799 131109 128779 128779 128779
7 INDORE Pithampur 126260 126260 126750 130060 127730 127730 127730
8 JAIPUR Jaipur 127163 127163 127653 130963 128633 128633 128633
9 SALEM Tirupur 126060 126060 126550 129860 127530 127530 127530
10 SURAT Sachin 125105 125105 125595 128905 126575 126575 126575
11 SURAT Surat 125105 125105 125595 128905 126575 126575 126575
12 TIRUPATHI Tirupati 125664 125664 126154 129464 127134 127134 127134
13 TUTICORIN Nanguneri 124405 124405 124895 128205 125875 125875 125875
<--- $/MT --->
1 AURANGBDMH AurangbdMH 1630 1630 1636 1679 1649 1649 1649
2 CALCUTTA Falta 1614 1614 1621 1663 1633 1633 1633
3 CHENNAI Chennai 1622 1622 1628 1671 1641 1641 1641
4 GANDHIDHAM Kandla 1619 1619 1625 1668 1638 1638 1638
5 GANDHIDHAM Mundra 1619 1619 1625 1668 1638 1638 1638
6 HUBLI Belgaum 1648 1648 1654 1697 1667 1667 1667
7 INDORE Pithampur 1634 1634 1641 1683 1653 1653 1653
8 JAIPUR Jaipur 1646 1646 1652 1695 1665 1665 1665
9 SALEM Tirupur 1632 1632 1638 1681 1651 1651 1651
10 SURAT Sachin 1619 1619 1626 1668 1638 1638 1638
11 SURAT Surat 1619 1619 1626 1668 1638 1638 1638
12 TIRUPATHI Tirupati 1627 1627 1633 1676 1646 1646 1646
13 TUTICORIN Nanguneri 1610 1610 1617 1659 1629 1629 1629
C080MA C080MT C120MN
121945 122695
120410 121500
121348 122098
121125 121875
121125 121875
123350 124100
122300 123050
122612 123952
122095 122845
121145 121895
121145 121895
121697 122447
120446 121196
1578 1588
1559 1573
1571 1580
1568 1577
1568 1577
1597 1606
1583 1593
1587 1604
1580 1590
1568 1578
1568 1578
1575 1585
1559 1569