PRICING POLICY

FinOne Industries India Private Limited

Effective Date: May 01, 2023 Document Number: FO-PP-2023-05 Version: 3.1

Introduction
Pricing Structure
Currency and GST
Pricing Reviews and Modifications
Discounts and Trade Programs
Payment Terms
Special Arrangements
Client Obligations
Policy Administration

1. Introduction

1.1 Policy Purpose

This Pricing Policy establishes the framework for FinOne Industries India Private Limited's ("FinOne" or "the Company") pricing strategies and practices. It ensures consistency, transparency, and compliance with Indian regulatory requirements while maintaining our commitment to value-based pricing.

1.2 Policy Scope

This policy applies to all products and services offered by FinOne Industries India Private Limited within the domestic Indian market and for export operations. It covers all transactions conducted through our direct sales channels, authorized distributors, and e-commerce platforms.

2. Pricing Structure

2.1 Base Pricing Models

FinOne implements the following pricing structures:

Standard List Price (SLP): Base pricing for individual products and services
Volume-Based Pricing: Graduated pricing tiers based on order quantity
Project-Specific Pricing: Custom pricing for large-scale industrial projects
OEM Pricing: Special rates for Original Equipment Manufacturers

2.2 Customized Solutions

For bespoke industrial solutions and custom manufacturing orders, pricing is determined through:

Technical evaluation
Resource allocation assessment
Production complexity analysis
Material cost considerations

3. Currency and GST

3.1 Currency

All domestic transactions are denominated in Indian Rupees (INR)
Export pricing is available in USD, EUR, or other major currencies as agreed
Exchange rate variations exceeding ±3% may trigger price adjustments for international orders

3.2 GST and Taxation

All prices are exclusive of GST
Applicable GST rates will be charged as per current government regulations
HSN codes are clearly mentioned on all invoices
E-way bills are generated for qualifying transactions

4. Pricing Reviews and Modifications

4.1 Review Cycle

Quarterly review of base prices
Monthly review of raw material impact
Annual comprehensive pricing structure evaluation

4.2 Modification Protocol

45-day advance notice for price increases
Immediate implementation of price reductions
Force majeure clause for extraordinary market conditions

5. Discounts and Trade Programs

5.1 Standard Discount Structure

Early payment discount: 2% for payment within 7 days
Volume discount: Tiered structure starting at ₹10 lakhs
Loyalty program benefits: Additional 1-3% based on annual purchase history

5.2 Trade Programs

Annual rate contracts for regular customers
Dealer/distributor margin structure
Special pricing for government and PSU tenders

6. Payment Terms

6.1 Payment Methods

RTGS/NEFT transfers
Letter of Credit (for export orders)
UPI payments
Corporate net banking
Bank guarantees for large orders

6.2 Credit Terms

Standard credit period: 30 days
Extended credit: Available upon approval
Late payment interest: 18% per annum
Credit limit establishment criteria

7. Special Arrangements

7.1 Project Pricing

Turnkey project special rates
Long-term supply agreements
Rate contract provisions
Framework agreements for government projects

7.2 Regional Considerations

Zone-wise pricing adjustments
Special economic zone (SEZ) considerations
Export pricing framework
Import duty implications for raw materials

8. Client Obligations

8.1 Documentation Requirements

GST registration details
Import-export code (for international clients)
PAN and TAN details
Bank reference letters

8.2 Compliance Requirements

Adherence to payment terms
Maintenance of minimum order quantities
Compliance with anti-money laundering regulations
Regular update of business documentation

9. Policy Administration

9.1 Authority Matrix

Pricing decisions up to 5%: Regional Sales Manager
Pricing decisions up to 10%: National Sales Head
Special pricing beyond 10%: Managing Director approval
Project pricing: Special committee review

9.2 Policy Updates

Annual policy review
Interim modifications as required
Circulation of updates to all stakeholders
Training for sales team on policy changes