PURCHASE TERMS & CONDITION
- Supplier to confirm acceptance and / or raise queries within 2 days from date of receipt of purchase order by way of email, failing which the purchase order is deemed accepted.
- Free delivery or FOR site means goods shall be delivered at company site free of cost.
- Goods/Service should be accompanied by delivery challan / invoice in triplicate and must bear the purchase order no. , Sr. no. of the item in the purchase order, HSN/SAC code and other mandatory details of the purchase order.
- The company reserves the right to inspect the goods being manufactured against this purchase order at the suppliers factory or premises, at any stage of manufacture.
- Time is essence of this purchase order and it is imperative that the delivery schedule specified on the purchase order is strictly adhered to, unless otherwise mutually agreed. If for any reason the supplier fails to supply the goods as per delivery schedule, the company reserve the rights to purchase the goods from other source and in such event the additional cost incurred by company shall be recovered from supplier with whom the purchase order was originally placed.
- In the event of delay beyond the delivery schedule, Unless exempted, penalty shall be applicable for delay in delivery of material at the rate of 0.5% of the total order value for the delay per week or part thereof subject to maximum 5% of the total value.
- Goods delivered in excess of those order herein are liable to rejection.
- Any increase in taxes and duties impacting the purchase order beyond the scheduled delivery date shall be borne by the supplier.
- Vendor shall ensure the compliance of all environment, health and safety regulation relating to manufacturing, storage, transportation and delivery of all material/completion of work under this purchase order.
- The quality of supplies shall be certified by the company and company’s right to approve or reject shall be final and binding.
- Rejected goods are to be removed from company site within 48 hours on receipt of intimation, failing which company shall not be held responsible for any loss or damaged of the rejected goods. If the rejected goods are not removed within a period of 1 month from date of such intimation, company reserve the rights to dispose off the same in a manner it deems fit and proper at the cost and consequences of the supplier.
- Defective goods shall be replaced within a time frame agreed upon between the company and suppliers. All cost associated with the replacement of the defective goods shall be borne by the supplier.
- Unless otherwise stated in this purchase order, all goods supplied shall be guaranteed for 12 months from date of commissioning or 18 months from the date of receipt of material inward in the store, which ever comes earlier.
- Deduction of tax at source, if applicable under any statute, shall be deducted.
- All specifications , plans, drawings, design supplied by the company to the supplier in connection with the purchase order shall remain the property of the company and any information derived therefrom or otherwise communicated to the supplier in connection with this purchase order shall be regarded by the supplier as secret and confidential information and shall not, without the company’s consent in writing be published or disclosed to any third party or made use of by the supplier any way other than of purpose of implementing the order.
- Any dispute relating to the purchase order shall be governed in accordance with the laws applicable in india and the courts of mumbai or ahmedabad alone shall have the exclusive jurisdiction over this purchase order.
- The vendor shall issue invoices/ Debit notes/ Revised invoices/ Credit noted as per the prescribed format, containing all information as is required for company to avail input tax credit and GST laws, also the vendor shall ensure the transportation of material is covered by e-way bills.
- If any amount of credit, refund or any other benefits is denied or delayed to the company, then the vendor shall be liable to reimburse the losses.