A Buyer in India shall purchase these property in a foreign currency and pay through a US Dollar draft obtained from an Authorized dealer or pay by way of a direct wire transfer through an Authorized Dealer.

Please note that as per the guidelines issued by Reserve Bank of India, called the Liberalised Remittance Scheme of USD 200,000 for Resident Individual, Authorised Dealers may freely allow remittances by resident individuals up to USD 200,000 per financial year (April-March) for any permitted current or capital account transactions or a combination of both which can be used for purchasing objects of art etc. subject to the provisions of other applicable laws such as the extent Foreign Trade Policy of the Government of India. Buyers in India will be responsible for verifying availability of foreign currency funds and their individual entitlements. Each buyer must verify that they have the sufficient foreign currency allowance prior to purchasing. Buyers in India shall also ensure that they comply with all the rules and regulations, as made from time to time, by Reserve Bank of India with reference to payments for purchase / import of paintings etc. (Circular RBI 2009-2010/25 Master Cicular No. 05/2009-2010 dated 1st July, 2009.)

Please note that Authorized Dealers can allow advance remittance for import of goods up to $1,00,000/-without any ceiling subject to certain conditions.. If the amount of advance remittance exceeds USD 100,000/-, an unconditional, irrevocable standby Letter of Credit or a guarantee from an international bank of repute situated outside India or a guarantee of an AD Category – I bank in India, if such a guarantee is issued against the counter-guarantee of an international bank of repute situated outside India. In cases where the importer (other than a Public Sector Company or a Department/Undertaking of the Government of India/State Governments) is unable to obtain bank guarantee from overseas suppliers and the AD Category – I bank is satisfied about the track record and bonafides of the importer, the requirement of the bank guarantee / standby Letter of Credit may not be insisted upon for advance remittances up to USD 5,000,000 (US Dollar five million). AD Category – I banks may frame their own internal guidelines to deal with such cases as per a suitable policy framed by the bank's Board of Directors. Buyers in India shall ensure from their Authorised Dealers that they comply with all the regulations of Reserve Bank of India as regards the Advance Remittances. (Circular RBI 2009-2010/28 Master Cicular No. 08/2009-2010 dated 1st July, 2009.)

All payments must be made within 7 business days of the auction closing. Any payment made after 7 business days, will incur an interest penalty fee of 12% (annual).

If the property is delivered in India, then in addition to the shipping, packing, clearing and associated costs, the customs duty, service tax or any other taxes applicable will be borne by the buyer.

For property delivered outside India, then the respective taxes of the said country in addition to the Shipping and Packing cost will have to be borne by the Buyer.

Once payment is received in full, the property will be delivered to the address provided by the Buyer

Disclaimer Clause: The shipping charges calculated are based on the information made available to us by our carriers. Any revisions and additional duties, taxes, charges imposed at the time of delivery will be borne by the Buyer wherever applicable.

I agree to the above-mentioned Terms & Conditions in addition to the General Terms & Conditions of sale