This Mutual Consent Agreement is made at Thiruvananthapuram on this 8th day of April, 2026, by and between :
CIN : U32110KL2024PTC085927,
PAN : AARCM7457K,
GST : 32AARCM745KIZU
Hallmark : HM/C-6490615721,
having its registered office at Ram Tower, TC-28/627(6)/83/1083, Sreekandeswaram, Pettah P.O., Thiruvananthapuram - 695024, Kerala, India , hereinafter referred to as the "First Party"
......, ......
hereinafter referred to as the "Second Party"
WHEREAS:
The second party has booked a ............, ..................., and ............ from the first party at the current market rate of Rs. ........ /- per gram, totaling Rs. ....... /- for the gold value. Including a ......... % labor charge of Rs. ......... /-, the subtotal amounts to Rs. ........ /-, with a final total of Rs. ....... /- after the application of ....% GST (Rs. ......./-). On this day, the second party has transferred an advance payment of Rs. ........... /- to the first party's bank account
The Second Party is entitled to collect the product on any day from today by paying the full balance of the total booking amount of ............./- from the First Party (who is the jewelry manufacturer and wholesale & retail seller), or from franchises operating under the First Party's responsibility, or from their manufacturing units, offices, or jewelry outlets.
Under the Billing & Delivery terms, the Second Party may collect the booked ........ , ........... , and ......... at any time within a maximum period of 15 Days / 3 Months / 6 Months / 1 Year / 25 Months from today by paying the remaining balance after deducting the booking advance of Rs. ........./-from the total sum of .........../- (inclusive of making charges and GST).
It is hereby mutually agreed that if the Second Party is unable to pay the balance amount and collect the .......... , ........... , and ............., the advance amount of Rs. ...... /-shall be refunded to the second party along to simple interest calculated from the date of booking (........) until the date of refund. Alternatively, gold ornaments equivalent to the value on the date of booking (calculated at ....../- per gram) shall be provided to the second party, subject to the making charges and GST applicable to the specific design of the chosen ornaments.
ANNEXURE, TERMS & CONDITIONS
The First Party shall use only gold bullion products from authorized Gold Refineries or legal Authorized Importers to manufacture the jewelry under this agreement. However, to ensure the availability of ornaments under unforeseen circumstances, both parties mutually agree that the First Party may purchase products from other leading jewelry manufacturers to provide to the Second Party
In the case of Diamond jewelry purchases, the actual price of the diamond and its labor charges (Making Charges) shall be recorded separately in the bill. If the Second Party wishes to return said diamond jewelry to the office or the respective franchise, the refund will be processed after a 25% deduction from the value specified in the diamond's certificate.
Under the buyback provision, the Second Party may return their products and receive an amount equivalent to the prevailing market rate of 22K/18K/9K Gold or Gold & Diamond jewelry on the day of sale, subject to terms and conditions and after deducting labor charges and wastage charge.
If previously purchased 22K/18K/9K Gold or 18K / 9K Gold & Diamond jewelry is returned to the company, it will be treated as 'Old Gold. The amount shall be payable based on the current market price after deducting statutory labor charges and wastage charge
When returning diamond jewelry, the refund will be calculated based on the price of 1 Cent (2 ML) on the date of sale, after a 25% deduction. The price will be calculated in multiples of cents.
Making Charge Details :
- Making charges will vary based on the type and design of the jewelry.
- For ANTIQUE 22K, 18K, 9K Gold, and 18K / 9K Gold & Diamond jewelry, the making charge will be above 12.5%.
Validity & Termination of Contract :
- The tenure of this contract shall be 15 Days / 3 Months / 6 Months / 1 Year / 25 Months starting from the booking date of .......... .
- This purchase agreement shall automatically terminate once the product specified in the bill is collected.
- Both parties mutually agree that regardless of the contract tenure, there shall be no change in the gold weight (grams) equivalent to the amount fixed on the day of booking
- Once the Second Party receives the ordered 22K, 18K, 9K Gold coins or 22K, 18K, 9K Gold/Gold & Diamond ornaments, this agreement shall automatically become null and void.
CONSENT LETTER
I, ........., residing at ........., ......., hereby declare that I have paid only an advance amount of ......./- for the purchase of products manufactured by the manufacturing unit of Madhura Gold International Company, or products sourced from other prominent diamond/gold jewelry manufacturers. I agree to pay the remaining ......../- to collect the product.
I am fully satisfied with the purity and quality of the product. I understand that for the ........., ........., and ........ that I have ordered, applicable making charges and wastages will be levied. I agree to collect the product within the stipulated time once it has been manufactured.
I fully acknowledge and agree that in any specific circumstance where I have to sell the said product back to the manufacturers (the First Party), I will only be entitled to receive the amount equivalent to the prevailing gold rate on that day, after the full deduction of the making charges and wastage charge,