Payment Cycle

  1. Seller Proceeds shall be remitted to the Seller subject to deductions and withholding under the Agreement on the following basis:
Product(s) delivered to Buyer between Mutually Agreed Date of intimation of completion of transaction between Seller and the Buyer Payment Date
1 st to 7th Day of every month 17th Day of every month 17th Day of every month
8 th to 15th Day of every month 25th Day of every month 25th Day of every month
16th to 23rd Day of every month 3 rd Day of next month 3 rd Day of next month
24th to end of every month 11th Day of next month 11th Day of next month

 

Seller shall be liable or responsible for bank charges or other costs incurred on account of incomplete or inaccurate information provided by You with respect to your Designated Account.

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