Para 6.3.1 — GOODS_MANUAL

6.3.2 Documents for Payment for Domestic Goods 1. Supplier's Invoice indicating, inter alia, description and specification of the goods, quantity, unit price, total value; 2. Packing list; 3. Insurance certificate; 4. Proof of Dispatch: Railway receipt/consignment note; 5. Quality Assurance Certificates: a) Manufacturer's guarantee certificate or in-house inspection certificate; or b) Inspection certificate issued by purchaser's inspector; 6. Any other document

(s) as and if required in terms of the contract.

6.3.1 Modes of Payment for Domestic Goods 1. Procuring Entities should make payments through the Electronic Clearance System (ECS), e.g., Real-Time Gross Settlement systems (RTGS), National Electronic Funds Transfer (NEFT) or Electronic Payment Gateways. As per RBI guidelines, the ECS mandate in RBI’s format may be obtained at the time of supplier registration and in the tender document. The Format is available with all Banks. 2. However, if ECS payments are not feasible, payments may be made in exceptional circumstances by cheque/demand draft drawn on a Government treasury or branch of RBI or any Scheduled Commercial Bank authorised by RBI for transacting Government business. 3. Such payment can also be made to the supplier's bank if the bills are endorsed in favour of the bank with a pre-receipt embossed on the bills with the words "received payment" and the supplier authenticates both the endorsement and pre-receipt. In addition, an irrevocable power of attorney is to be granted by the supplier in favour of the bank. 4. Trade Receivables Discounting System (TReDS) is an electronic platform for facilitating the financing / discounting of trade receivables of Micro, Small and Medium Enterprises (MSMEs) through multiple financiers. These receivables can be due from corporates and other buyers, including Government Departments and Public Sector Undertakings (PSUs). Payments can also be made through this platform to MSE suppliers.