Rate Contract of Canon Make Ink/Toner Cartriages

1. Payment terms:-100% against delivery.
2. Delivery period: - Ex-stock but not later than 2 weeks.
3. Penalty: - The delayed consignment will be subject to a penalty @ 0.5% per week for the delay of first 2 weeks and 1% penalty for the delay of next 3 weeks upto a maximum cap of 4% delay for 5 weeks delay recoverable on the value of the store supplied.
4. The channel partners will provide warranty on the material against manufacturing for a period of 3 months from the date of supply. Manufacturing defects means the items does not work or is malfunctioning at the time of its initial use. The channel partners should ensure that the date of expiry of product should not be less than 6 months.
5. In case, any cash discount scheme (if any) is available from the Principal Company for their channel partners during the currency of the contract, the same will be extended by them on Rate Contract for that period to the Purchasing Department.
6. In case, any free gift scheme (if any) is launched by the Principal Company, same will be provided by their channel partners on Rate Contract free of cost to the Purchasing Department and it will be treated a part of agreement.
7. MD, Hartron can accept lower rates from the R/C vendors at any stage during the Rate Contract under price fall clause. Further, if the principal companies reduce the rate of items under Rate Contract during the validity of MVC agreement than the rates for such items on MVC agreement will also be reduced. However, no increase in the rate shall be allowed during the MVC agreement for period of 2 years from the date of signing of MVC agreement.

Note: - The Purchase order for supply of the Canon make Ink/Toner Cartridges shall be placed by the Govt. Departments/Organizations of Haryana directly to the authorized dealers/distributor (list as mentioned above) of the M/s Canon India Pvt. Ltd. and one copy of the order should be forwarded to HARTRON for information & record.