Hai,

We can have a bank to bank transaction for the gold deal. First deal has to be for 50 kg

After that the condition is to take atleast 500 kg per month

total discount for the buyer 4% for the two mediators on both side each 1%

Vat and the taxes has to be beared by the buyer

Done in AXIS and ICICI banks only

The procedure is as follows

The procedure for the trial deal will be as follow

Its a bank process and we cannot negotiate and alter this.

seller will raise a performa invoice around 10.30am ..it will directly be mailed to the buyer ,with copy to us .the invoice will be containing the detail of bank co ordinates of the bank itself on which RTG has to sent ..

payment is going to banks own a/c directly and not to seller"s A/C

buyer reaches his bank &instructs bank to perform the RTG on the given bank co ordinates for the invoiced value . buyer will not get any confirmation (wither written or oral)

from the seller's bankeer prior to RTGS, about material or D.O

after the RTGs is performed,with in half hour's time ,buyer bank will provied UTR no.to buyer .

this UTR.NO.will have to be for forwarded to the seller by the buyer wihch will be delivered to bullion desk of the bank as soon as the UTR is recived and confrimed by the bullion desk ,a bullion officer willl be giveng a call to the buyer confriming the receipt Rtg and that he will be issuing the D.O.

as soon as the D.O.is generated buyer will contact the paticular designated branch of for the getting the delivery across the counter.