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| Payment Terms : |
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As per Govt. in Industries, Energy & Labour Deptt. GR.NO.SPO-1093/(2632)/IND-6 Dt.03.06.93 and dt.06.08.97, the consignee/indentor is required to release 90% payment of the Stores within 10 days from the date of receipt of stores and balance 10% payment within 20 days. Before placing of order, the consignee/indenters are requested to ensure the availability of, the funds to avoid penal interest. As per the provision of the Act The interest on delayed payment to small scale and Ancillary Industrial Undertaking Act-1993, the Corporation is eligible for recovering the interest for delay in receiving the payment.
MSSIDC being an Agency nominated by the State Govt. to operate the Rate Contract vide GR dt. 02.01.92, Indenters/Consignees who are the actual consumer of the stores, shall be solely responsible for the interest on the delayed payment beyond the terms mentioned above. |
| Delivery Period : |
| The stores ordered should be manufactured inspected and delivered to the consignee site/stores within a period of 40 days from the date of placement of order. |
| Placement of Orders : |
| Indenters/consignees are requested to place the orders with MSSIDC at the following address. While placing the order, Indenters/Consignees are requested to confirm about the availability of funds so as to avoid delay in release of payment. |
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Chief (Marketing) MSSIDC Limited, 'Krupanidhi'. 9, Walchand Hirachand Marg, Ballard Estate, Mumbai
400 001.
Tel. No. 91-22-22611735/22613915/22611121/22/23
FAX No.91-22-22614514 Email - mkthod@mssidc.com
In case of any problem/difficulty, indenters/consignees are advised to refer the matter to the concerned Divisional Managers, MSSIDC who shall ensure early action in the matter. Addresses of MSSIDC Mumbai, Divisional/Branch offices are indicated in the enclosed Annexure 'B'
In addition to above, this Rate Contract is also governed by General Terms & conditions mentioned hereinafter.. |
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