Payment & Pricing Terms Policy
Entity: Pingax InMotion LLP | Brand: SHREE COCONUT & PINGAXIM | Effective: January 1, 2026 | Last Updated: October 27, 2026
1Wholesale Pricing Structures & Quotation Mechanism
As a premier primary aggregator and processor of coconuts in Western India, Pingax InMotion LLP offers transparent, institutional-grade wholesale pricing derived directly from daily APMC mandi indexes (Mahuva, Pollachi, and Tiptur):
Quotations specify both the unit price per piece (standardized 50-nut/100-nut bags) and the net per-metric-ton (MT) rate based on electronic weighbridge tickets.
Daily spot quotations are valid for 24 hours. Verified institutional distributors and food processors may negotiate weekly or monthly fixed-rate supply agreements against refundable security deposits.
2GST Bifurcation & Statutory Tax Invoicing
In accordance with the Central Goods and Services Tax Act, 2017, all product prices displayed on digital portals and proforma invoices are quoted exclusive of applicable GST unless explicitly denoted as "Tax-Inclusive":
| Product Description | HSN Code | Intra-State (Gujarat) | Inter-State (Outside Gujarat) |
|---|---|---|---|
| Fresh Whole & Semi-Husked Coconuts | 08011210 | 2.5% CGST + 2.5% SGST (5%) | 5% IGST |
| Dry Copra / Gotli / Ball Copra | 08011910 | 2.5% CGST + 2.5% SGST (5%) | 5% IGST |
* Input Tax Credit (ITC) eligibility: All registered B2B buyers with valid GSTIN receive GSTR-1 filings within statutory monthly return cycles.
3Wholesale Commercial Credit Terms
Trade credit facilities are extended exclusively to accredited distributors following formal financial evaluation:
- Standard Spot Sourcing: 100% advance RTGS/NEFT payment prior to vehicle gate dispatch.
- Approved Territory Distributors: Revolving credit windows (7, 14, or 21 days) approved against audited balance sheets, CIBIL commercial scores, and Bank Guarantees (BG).
- Late Payment Interest: Outstanding receivables exceeding the agreed credit cycle attract commercial interest at 18% per annum in accordance with the MSMED Act, 2006.
4Authorized Banking & Payment Gateway Channels
All wholesale payments MUST be remitted solely into the officially registered corporate current accounts of Pingax InMotion LLP.
Pingax InMotion LLP NEVER solicits payments into individual employee, agent, or third-party bank accounts. Payments made to unauthorized personal accounts are null, void, and not recognized against trade ledgers.
- RTGS / NEFT: Direct bank transfer to our designated corporate banking accounts (HDFC Bank / State Bank of India).
- Corporate UPI / Virtual Accounts: Unique dynamic UPI QR codes generated per proforma invoice.
- Payment Gateway: Verified corporate credit/debit cards and net-banking processed through PCI-DSS Level 1 compliant gateway partners (Razorpay / Cashfree).
- Letter of Credit (L/C): Irrevocable, confirmed Letters of Credit at sight for interstate bulk rake consignments.
5Payment Gateway Security Architecture
Accounts & Invoicing Desk
For payment advice, bank reconciliation slips, or GST invoice copies, contact our financial controller desk at accounts@pingaxim.com or phone +91 98250 11001 / +91 98250 11201.