Conditions of Sale: The following Terms and Conditions shall apply for all transactions: 1.

Each order placed by the Customer is regarded as an independent offer for purchase of the goods and is subject to rejection wholly or partially by the Company without assigning any reason for rejection. The Company will not be liable in any manner on account of such rejection or non-supply or partial supply. Each supply against respective orders is regarded as an independent transaction of sale. 2. The price or any other dues arising out of the transaction shall be paid by the customers in full, on or before delivery, at the rate(s) applicable as on the date of execution of the order, and company reserves its right to refuse delivery in the event of failure to effect such payment. All payments, whether for price or any other dues, shall be made at the Companys Branch on which the buyer places his order or any other location as may be indicated by the Company, and shall be by draft / or any other instrument approved by Company in writing drawn on the approved Bank. 3. Delivery of goods will be made in the Cartons/ Bags/ Outers / Bundles/ Pouches etc depending on the nature & Packaging of the product. The Company may provide special packing for ease of handling and safe transportation of the goods and reserves the right to charge the cost of such packing to the Customer separately. 4. The Company reserves the right to change the price of its goods at any time and pending orders shall be subject to such change. In the event of increase in the price the Customer may withdraw the order or the part then remaining unexecuted, within six days of receipt of intimation of the increased price by the Customer from the Company. 5. Credit may be allowed by the Company at its sole discretion. In the event credit is allowed, the Company will charge interest on from the date of invoice at @ 14%. This is applicable for all invoices raised on or after 1st Oct 11.

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6. Goods will be delivered at the Ware House, to the Customer or his carrier. Title to and risk in the goods will pass to the customer upon such delivery. The Company will not accept any liability for any delay in such delivery. Any sale return may be made in writing within 3 days from the date of receipt at Customer location subject to Companys sole discretion of verification and acceptance of the claim. All offers of delivery from stocks are subject to the availability of goods at the time of execution of an order for goods. 7. The company reserves its right to recover from the Customer all State level and local taxes, demurrage, wharfage or any other imposts or expenses of like nature paid or payable by the Company in respect of the goods supplied to the Customer. It would be the sole responsibility of the Customer to submit to the Company Central Sales Tax declaration forms / State Sales Tax Declaration forms / documents relating to VAT / other information required as per law. In the absence of such declaration forms / other information as per law being submitted, the Company submits the right to recover the Central Sales Tax / Local Sales Tax / VAT at the full rate as applicable. 8. The Customer shall be solely responsible for making his own arrangements for resale of the goods purchased by him at his own expense and on his own account. 9. The Company shall always have the right to sell its goods to any party at any time. 10. The Customer shall have the right to transact business with any other party and in respect of any goods or commodities or services. 11. The Customer does not have and shall not claim any right / interest in any trademarks, label or get-up applied to the Companys goods or its container / packaging. 12. The Companys Trademarks shall not be used or caused to be used by the Customer for any purpose, including advertising and sales promotion except with the prior consent of the Company and upon such conditions that the Company may require in this behalf. 13. Without prejudice to the Companys other rights under the law, the Customer shall keep the Company, its employees and agents indemnified against all losses, claims and demands suffered by or made against the Company (or its employees or agents, as the case may be), in respect of or as a consequence of any use of the Companys trademarks or dealings in the Companys products by (or caused to be made by) the Customer.

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14. The Customer is not and shall not act or represent himself as the Companys agent or factor. 15. Any dispute between Company and the CUSTOMERS shall be subject to the Courts in Chennai. 16. No e-mail communication will be accepted as a legal notice/legal claim served on the Company. Such communication must be served at the appropriate address only by Registered Post. 17. SET OFF: Any sum payable to the Company by the Customer may be appropriated by the Company and set off first against any interest payable by the Customer to the Company against any transaction and therefore against any other claim by the Company. Thanking You For ITC Limited

Authorized Signatory I/We hereby accept the above-mentioned Credit Policy and Conditions of Sale.