Key Highlights
- Insulated wires and cables are classified under HSN Code 8544. The GST rate for most insulated wires and cables is 18%.
- Optical fibre cables, including fibre bundles, also attract 18% GST.
- High-voltage electrical wires used in power transmission may have a different classification.
- Using the correct HSN code ensures proper invoicing, tax compliance, and Input Tax Credit (ITC) claims.
Wires and cables form the backbone of electrical infrastructure, playing a crucial role in industries, homes, and telecommunications. Whether it is household electrical wiring, industrial power distribution, or high-speed internet connectivity, insulated wires and cables are indispensable.
With the implementation of the Goods and Services Tax (GST), businesses dealing with insulated wires need to understand their correct tax classification, applicable GST rate, and compliance requirements. Incorrect classification can lead to penalties, tax disputes, and loss of ITC benefits.
In this guide, we will discuss the GST rates and HSN codes for insulated wires and cables, covering different types, taxation rules, and how businesses can ensure compliance.
Understanding the HSN Code for Insulated Wires and Cables
The Harmonized System of Nomenclature (HSN) is an internationally accepted coding system used to classify goods for taxation and trade. Under GST, products are assigned specific HSN codes, which determine their applicable tax rate.For insulated electrical wires and cables, the relevant HSN code is 8544.
Classification of Insulated Wires and Cables under HSN Code 8544
Product Description | HSN Code | GST Rate | Details |
Insulated electrical wires, cables, and conductors | 8544 49 | 18% | Includes power cables, industrial cables, home wiring cables, and signal cables. |
Optical fibre cables, including fibre bundles | 8544 70 | 18% | Covers optical fibre used in high-speed internet, data transmission, and telecommunication networks. |
Coaxial cables and other electrical conductors | 8544 20 | 18% | Used in television networks, satellite communications, and security systems. |
Winding wires for electrical machinery | 8544 11 | 18% | Includes enamelled, copper, and aluminium winding wires for motors, transformers, and alternators. |
High-voltage electrical transmission cables | 8544 60 | 18% | Covers transmission lines, underground power cables, and overhead insulated conductors. |
Each of these categories serves a distinct function in electrical transmission, data communication, and industrial applications.
Detailed GST Rate Breakdown for Wires and Cables
Understanding the GST rates applicable to different types of wires and cables is crucial for businesses to ensure proper tax compliance and avoid financial discrepancies. Below is a breakdown of the GST rates for various categories of insulated electrical wires and power cables:1. Insulated Electrical Wires and Power Cables – 18% GST These cables are essential for electricity distribution in homes, offices, and industries. They are commonly used in electrical panels, power transmission, and control systems.
- HSN Code: 8544 49
- GST Rate: 18%
Examples:
- PVC-insulated electrical wires are used for residential wiring.
- Armoured cables are used for underground electricity distribution.
- Multicore cables for electrical panels.
2. Optical Fibre Cables – 18% GST Optical fibre cables are designed for high-speed internet connectivity, data transfer, and telecom networks. They are commonly used by internet service providers and telecom companies.
- HSN Code: 8544 70
- GST Rate: 18%
Examples:
- Fibre-optic cables are used in broadband connections.
- High-bandwidth cables are used for data centres and networking.
3. Coaxial Cables – 18% GST Coaxial cables are widely used in television networks, satellite communications, and security camera systems. They help transmit signals with minimal interference.
- HSN Code: 8544 20
- GST Rate: 18%
- RG-6 coaxial cables for cable TV.
- RF cables for satellite communication.
- HSN Code: 8544 11
- GST Rate: 18%
- Copper winding wires for transformers.
- Aluminium enamelled wires for electric motors.
5. High-Voltage Power Transmission Cables – 18% GST These cables are designed for power transmission across long distances and are commonly used by power grid operators and large-scale industries.
- HSN Code: 8544 60
- GST Rate: 18%
Examples:
- XLPE-insulated underground cables.
- Overhead transmission lines with polymer insulation.
Why Correct HSN Classification is Important
Many businesses, especially those dealing with electrical goods like insulated wires and cables, underestimate the importance of correctly classifying their products under the right HSN code. However, incorrect classification can lead to financial, legal, and operational setbacks.Understanding why correct HSN classification matters can help businesses avoid unnecessary complications and ensure smooth tax compliance.
1. Avoiding Tax Compliance Issues Each product category under GST has a predefined tax rate based on its HSN classification. If a business misclassifies insulated wires and cables under the wrong HSN code, they might end up charging an incorrect GST rate.
Possible Tax Compliance Issues Due to Wrong HSN Classification:
- Underpayment of GST: If a business applies a lower GST rate than required, the tax authorities may demand the unpaid tax along with penalties and interest.
- Over-payment of GST: If a business mistakenly applies a higher GST rate, it can lead to unnecessary financial burdens. This can make the product more expensive and less competitive in the market.
- Mismatched GST Filings: During GST return filing (GSTR-1, GSTR-3B, etc.), incorrect HSN classification can lead to mismatches between tax invoices and GST returns, triggering scrutiny from tax authorities.
- Legal Troubles: Persistent misclassification may lead to show-cause notices, tax audits, or even litigation from the GST department.
How to Avoid This?
Businesses must ensure they classify their products correctly under HSN Code 8544 for insulated wires and cables and verify the applicable 18% GST rate. It’s advisable to consult a tax professional or refer to official GST guidelines before finalizing HSN codes for invoicing.
2. Preventing Input Tax Credit (ITC) Rejection
Input Tax Credit (ITC) is one of the key benefits of the GST system, allowing businesses to claim credit on GST paid for raw materials, machinery, and other business expenses. However, incorrect HSN classification can result in ITC rejection, leading to financial losses.
How Does Wrong HSN Classification Affect ITC?
- Supplier Mismatch: If a supplier applies a different HSN code than the buyer, the GST portal may reject ITC claims due to inconsistencies in tax filings.
- ITC Reversal: During GST audits, tax authorities can reverse ITC claims if they find that the business has been using an incorrect HSN code.
- Higher Costs for Businesses: Losing ITC means paying more out of pocket for input costs, which can reduce profit margins and cash flow.
How to Avoid This?
Businesses should double-check HSN codes on purchase invoices and ensure their classification matches that of their suppliers. If discrepancies arise, they should immediately rectify them before filing GST returns.
3. Avoiding Tax Audits and Penalties Incorrect HSN classification can raise red flags with tax authorities, leading to tax audits and penalties. The GST system is designed to track inconsistencies, and businesses that frequently misclassify products might be subject to additional scrutiny.
Consequences of Incorrect Classification in Audits:
- Detailed Scrutiny of Business Records: Authorities may demand records of past transactions, invoices, and ITC claims for verification.
- Imposition of Fines and Interest: Businesses found guilty of incorrect classification may be liable to pay back taxes along with penalties and interest.
- Blocking of ITC and GST Refunds: Authorities may withhold refunds or block ITC claims until discrepancies are resolved.
- Legal Consequences: Repeated errors or deliberate misclassification may lead to legal action under GST law.
How to Avoid This?
- Train your accounts and finance teams to classify products correctly.
- Conduct internal GST audits to ensure all products are correctly classified before filing returns.
- If unsure about HSN codes, consult a tax expert or GST consultant to verify product classification.
4. Ensuring Smooth Business Operations Correct HSN classification is not just about tax compliance; it also impacts business operations, pricing strategies, and supply chain efficiency.
Operational Challenges Due to Incorrect HSN Codes:
- Delayed Shipments and Customs Clearance: If a business is involved in imports or exports, incorrect HSN classification can cause customs clearance delays due to mismatched documentation.
- Pricing and Profitability Issues: An incorrect tax rate can either make products more expensive (over-taxation) or reduce profit margins (under-taxation).
- Client and Vendor Disputes: Business partners might refuse invoices with incorrect HSN codes, causing payment delays and disruptions in the supply chain.
How to Avoid This?
Ensure that the correct HSN code and GST rate are clearly mentioned on invoices, contracts, and shipping documents. Keeping up with GST notifications and amendments can also help businesses stay compliant.
GST Compliance for Wire and Cable Businesses
For wire and cable manufacturers, distributors, and retailers, ensuring GST compliance is crucial to avoid legal complications, financial losses, and operational disruptions. Proper classification, accurate tax application, and diligent record-keeping help businesses maximize benefits like Input Tax Credit (ITC) while minimising tax risks.
1. Using the Correct HSN Code
Businesses dealing with insulated wires and cables must classify their products under HSN Code 8544. This covers all types of insulated electrical conductors, whether used for power transmission, data transfer, or industrial applications.Why is this important?
- Ensures the correct GST rate is applied, preventing tax mismatches and compliance issues.
- Facilitates smooth ITC claims and GST return filing, as incorrect classification may lead to discrepancies in tax invoices.
- Helps businesses stay compliant with government regulations, avoiding penalties and unnecessary scrutiny.
Best Practice:
Regularly check for GST updates and notifications regarding HSN codes and classification changes to ensure continued compliance.
2. Charging the Correct GST Rate
The GST rate for all insulated wires and cables is 18%, as specified under HSN Code 8544. Businesses must apply this rate consistently across all transactions, whether in B2B or B2C sales.Implications of Incorrect GST Rate Application:
- Overcharging GST: May make products less competitive and lead to disputes with customers.
- Undercharging GST: Can result in tax liabilities, interest payments, and penalties during GST audits.
- GST Mismatches: Discrepancies between invoices and filed returns can trigger compliance checks and tax assessments by authorities.
Best Practice:
Ensure that billing software, ERP systems, and invoices are updated to reflect the correct 18% GST rate to avoid miscalculations.
3. Input Tax Credit (ITC) Eligibility
Manufacturers, wholesalers, and retailers in the wire and cable industry can claim ITC on GST paid for:- Raw materials (e.g., copper, aluminium, PVC insulation materials).
- Machinery and equipment used in manufacturing or assembly.
- Operational expenses (e.g., transportation, warehousing, packaging).
Key ITC Compliance Requirements:
- The supplier must have uploaded the invoice in their GSTR-1, and it should reflect in the recipient’s GSTR-2B.
- GST paid should be legitimately related to business activities and not for personal use.
- Timely GST return filing (GSTR-3B) is essential to claim ITC without delays.
Common Reasons for ITC Rejection:
- Mismatched HSN codes between buyer and supplier invoices.
- Missing or incorrect invoice details.
- Claiming ITC on ineligible expenses such as exempted goods or personal use items.
Best Practice:
Maintain organised records of all invoices, purchase orders, and GST filings to support ITC claims during audits.
4. Filing GST Returns
Businesses dealing with wires and cables must file monthly, quarterly, or annual GST returns based on their turnover. Proper filing ensures smooth compliance, avoids penalties, and allows for seamless ITC claims and refunds.GST Return Types for Wire and Cable Businesses:
- GSTR-1: Monthly return for outward supplies (sales invoices).
- GSTR-3B: Monthly summary return for tax payments and ITC claims.
- GSTR-9: Annual GST return summarizing total sales, purchases, tax paid, and ITC claimed.
Why Timely GST Filing is Essential:
- Prevents late fees and penalties (₹50 per day for late filing, up to ₹10,000).
- Avoids ITC denial due to missed deadlines.
- Minimises tax department scrutiny and audit risks.
Best Practice:
Use GST-compliant accounting software or hire a tax consultant to ensure timely and accurate return filing.
Become GST-compliant for Hassle-free Business Operations
For businesses dealing in insulated wires and cables, understanding GST rates and HSN codes is not just a regulatory requirement but a key factor in maintaining seamless operations.Incorrect HSN classification can lead to penalties, loss of Input Tax Credit (ITC), and unnecessary audits. Ensuring accurate classification and charging the correct GST rates allow businesses can safeguard themselves from financial and legal complications. Additionally, maintaining proper documentation and filing timely GST returns ensures smooth claim processing and minimises compliance risks.
By proactively managing GST compliance, businesses in the electrical and telecom sectors can focus on growth while ensuring financial stability and regulatory adherence. Staying informed and prepared today can prevent unnecessary challenges in the future. Stay on top of your tax obligations with our GST Calculator, designed to help businesses dealing in insulated wires and cables ensure accurate GST calculations and compliance.
FAQS – FREQUENTLY ASKED QUESTIONS
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What is the GST rate on insulated electrical wires and power cables
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Why is HSN classification important for wire and cable businesses?
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Can I claim ITC on the purchase of raw materials for manufacturing wires and cables?
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What happens if the wrong HSN code is used while filing GST returns?
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How often do GST rates on electrical wires and cables change?
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Do traders and distributors of wires and cables also need to comply with GST rules?
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What type of GST returns should a wire and cable business file?
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Does the GST rate differ for different types of wires and cables?
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How can I check the correct HSN code for my specific type of wire or cable?
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What steps can I take to avoid GST compliance issues in my wire and cable business?
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You agree that Facilities Provider / ABC Companies has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any other ABC Companies and/or third parties.
Third party websites
This Website may be linked to other websites (including those of ABC Companies) on the World Wide Web that are not under the control of or maintained by ABCL. Such links do not indicate any responsibility or endorsement on our part for the external website concerned, its contents or the links displayed on it. These links are provided only as a convenience, in order to help you find relevant websites, facilities and/or products that may be of interest to you, quickly and easily. It is your responsibility to decide whether any facilities and/or products available through any of these websites are suitable for your purposes. The Facilities Provider or ABCL is not responsible for the owners or operators of these websites or for any goods or facilities they supply or for the content of their websites and does not give or enter into any conditions, warranties or other terms or representations in relation to any of these or accept any liability in relation to any of these (including any liability arising out of any claim that the content of any external web site to which this web site includes a link infringes the intellectual property rights of any third party).
USE of APP
In case any facilities/services, access/dissemination of information or execution of transaction is done through use of any APP related to ABC Companies, the additional terms and conditions governing the Use of APP shall be applicable and to be read along these Terms of Use.
Postings and monitoring
The Facilities Provider or ABCL or ABC Companies does not routinely monitor your postings to the Website but reserves the right to do so if deemed necessary if it is related to the facilities offered on the web site and to comply with law. However, in our efforts to promote good citizenship within the internet community, if the Facilities Provider or ABCL or ABC Companies becomes aware of inappropriate use of the Website or any of its facilities, any information, opinions, advice or offers posted by any person or entity logged in to the Website or any of its associated sites is to be construed as public conversation only, and the Facilities Provider or ABC Companies shall not be liable or responsible for such public conversation. You agree that in such cases, we will respond in any way that, in our sole discretion, as deemed appropriate. You acknowledge that Facilities Provider or ABC Companies will have the right to report to law enforcement authorities any actions that may be considered illegal, as well as any information it receives of such illegal conduct. When requested, ABC Companies/Facilities Provider will co-operate fully with law enforcement agencies in any investigation of alleged illegal activity on the internet.
Submissions and unauthorized use of any Materials contained on this Website may violate copyright laws, trademark laws, the laws of privacy and publicity, certain communications statutes and regulations and other applicable laws and regulations. You alone are responsible for your actions or the actions of any person using your user name and/or password. As such, you shall indemnify and hold Facilities Provider, ABCL / ABC Companies and its officers, directors, employees, affiliates, agents, licensors, and business partners harmless from and against any and all loss, costs, damages, liabilities, and expenses (including attorneys' fees) incurred in relation to, arising from, or for the purpose of avoiding, any claim or demand from a third party that your use of the Website or the use of the Website by any person using your user name and/or password (including without limitation your participation in the posting areas or your submissions) violates any applicable law or regulation, or the rights of any third party.
We reserve the right to terminate access to this Website at any time and without notice. Further this limited license terminates automatically, without notice to you, if you breach any of these Terms of Use. Upon termination, you must immediately destroy any downloaded and printed Materials.
If you come across any breaches/violation or offensive material you must report to us at abc.secretarial@adityabirla.com
Use of Cookies
You agree and understand that the Website will automatically receive and collect certain anonymous information in standard usage logs through the Web server, including computer/computer resource-identification information obtained from "cookies" sent to your browser from a web server or other means as explained in the Privacy Policy.
Facilities Changes and Discontinuation
The Website reserves the right to discontinue or suspend, temporarily or permanently, the facilities. You agree that the Facilities Provider/ ABC Companies will not be liable to you in any manner whatsoever for any modification or discontinuance of the facilities. The format and content of this Website may change at any time. We may suspend the operation of this Website for support or maintenance work, in order to update the content or for any other reason.
ABCL, ABC Companies, and its directors, employees, associates, or other representatives shall not be liable for any damages or injury, arising out of or in connection with the use, or non-use including non-availability of the Website and also for any consequential loss or any damages caused because of non-performance of the system due to a computer virus, system failure, corruption of data, delay in operation or transmission, communication line failure, or any other reason whatsoever. The Website will not be responsible for any liability arising out of delay in providing any information on the Website.
Compliance with the Law
You agree that you will not:
- Use any robot, spider, scraper, deep link or other similar automated data gathering or extraction tools, programme, algorithm or methodology to access, acquire, copy or monitor the Website, or any portion of the Website.
- Use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Website, other than the search engines generally available by third party web browsers
- Post or transmit any file which contains viruses, worms, Trojan horses or any other contaminating or destructive features, or that otherwise interferes with the proper working of the Website or the facilities.
- Attempt to decipher, decompile, disassemble, or reverse engineer any of the software, comprising or in any way making up a part of the Website or the facilities.
- You agree not to use the facilities for illegal purposes or for the transmission of material that is unlawful, harassing, libelous (untrue and damaging to others), invasive of another's privacy, abusive, threatening, or obscene, or that infringes the rights of others.
Restrictions on Commercial Use or Resale
Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website. The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities.
No Endorsements
All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners. The Website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party sites or information does not imply the Website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.
Promotional Offers
You may receive from time to time, announcement about offers with intent to promote this Website and/or facilities/products of ABC Companies (“Promotional Offers”). The Promotional Offer(s) would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed. The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer(s) and the terms governing it, at its sole discretion.
Charges for use of Website
There are no charges or fees to be paid by you for use of this Website. However, you are responsible for all telephone access fees and/or internet service fees that may be assessed by your telephone and/or internet service provider. You further agree to pay additional charges, if any levied by Third Party Service Provider(s), for the facilities provided by them through the Website (Additional Charges).
No Endorsement
You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites. The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites.
In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the Website does not pre-screen content, but that the Website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.
Electronic Communications
These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form. Electronic communications may be posted on the Website and/or delivered to your registered email address, mobile phones etc either by Facilities Provider or ABC Companies with whom the services are availed. All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities.
Assignment
You shall not assign your rights and obligations under this Agreement to any other party. The Website may assign or delegate its rights and/or obligations under this Agreement to any other party in future, directly or indirectly, or to an affiliated or group company.
Legal Disclaimers
The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.
The information (and opinions, if any) contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary (significantly) from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions. Your investment or financial decision shall always be at your own discretion and based on your independent research; and nothing contained on the Website or in any information would construe ABCL/ABC Companies or any of its employees/authorized representative as having been in any way involved in your decision making process. Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice.
Nothing contained herein is to be construed as a recommendation to use any product, process, equipment or formulation, in conflict with any patent, or otherwise and Facilities Provider / ABCL/ABC Companies makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies. Any information provided or sourced from ABCL Affiliate belongs to them. ABCL is an independent entity and such information from any ABCL Affiliate are not in any manner intended or to be construed as being endorsed by ABCL or Facilities Provider. The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital. You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision.
No Solicitation
No Information at this Website shall constitute an invitation to invest in ABCL or any ABC Companies. These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.
The information contained on this Website does not represent and should not be used to construe (i) the terms on which a new transaction would be entered into by ABCL or ABC Companies, (ii) the terms on which any existing transactions could be unwound by ABCL or ABC Companies, (iii) the calculation or estimate of an amount that would be payable following an early termination of any past/existing transactions or (iv) the valuations given to any transactions by ABCL or ABC Companies in their books of account for financial reporting, credit or risk management purposes.
Statutory Disclosure
ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF. Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.
Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.
Force Majeure
The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.
Indemnification
You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs (including but not limited to reasonable attorneys fees) caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.
No Waiver
The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.
Exclusive Agreement
You agree that these Terms of Use are the complete and exclusive statement of agreement supersede any proposal or prior agreement, oral or written, and any other communications between you and the Facilities Provider and its Third Party Service Providers or processor bank/merchants relating to the subject matter of these Terms of Use. These Terms of Use, as the same may be amended from time to time, will prevail over any subsequent oral communications between you and the Website and/or the processor bank.
Termination
Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.
Governing Law and Jurisdiction
The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use. The Website is specifically for users in the territory of India. In case of any dispute, either judicial or quasi-judicial, the same will be subject to the laws of India, with the courts in Mumbai having exclusive jurisdiction.
These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.
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