Channel Partner Credit Policy

Profit Margin and Credit Policy of Sadguna Masale

5. Credit Policy :- The company follows the credit policy of 2/0 net 15 from 3rd transaction onwards.

6. Damage of Goods during transit :- The goods received by the channel partners in damaged condition during transit from factory to Channel Partner destination will be replaced by the company. However, the Channel partner should bring such damaged product to the knowledge of HO and should also make video of such damaged product immediately after receipt of goods. It is the prime responsibility of the channel partner to inspect such goods immediately after receipt and any such damage reported by the CP should be communicated to HO immediately after such incident on phone and validating the same with the help of video. Any such claim after 3 days of receipt of goods and any rat bite cliam due to bad procurement of goods will not be entertained.

7. Expiry of Goods :- The Channel Partner should inform in writing (email) to the authorised representative of the company, stating the quantity and sku details of expired goods lying at his end, at least 3 months prior to expiry of goods. Immediately after such information, the authorised representaive will take appropriate approval of the management and will communicate the Channel Partner in writing stating:-
(i) relocation of goods to some other destination.
(ii)special scheme on such goods enabling prompt sells.
(iii)special discount on such goods to facilitate sells.
However, inspite of all such aforesaid efforts, if the goods gets expired, then in such case, the goods have to be returned back to the factory. In such situation, the logistics cost from the Channel Partner point to the Company's factory has to borne by the Channel Partner and the goods will be replaced/returned after deduction of 10% on the taxable value of the goods.

8. Outstanding Collection Procedure :- The company will produce the PDC cheque before the bank on the 15th day from the date of despatch which is outstanding in the name of Channel Partner. If such cheque deposited in the bank gets bounced, then the company will raise debit note of Rs 1000/- per bounced cheque as fine. Further, the balance cheques will be deposited repeatedly on every 3rd working day of the bank in continuous succession.