Buyer / Consignee’s Right Of Rejection (Return Policy):
i. The Goods delivered shall bear the self-certified Manufacturer’s/Seller’s Warranty/Guaranty. Buyer / Consignee shall have the right to inspect the supplied Goods themselves and/or through their appointed agency at consignee’s own cost, at Consignee’s site(s) after receipt and accept or reject on proper justification any consignment of the Goods received within a period of 10 days of receipt of consignment of goods. The date of receipt shall be reckoned from the date of receipt of the Goods as notified in the Provisional Receipt Certificate (PRC) which will be issued online by consignee immediately after receipt of Goods.
ii. On Acceptance / Part Acceptance or Rejection of Goods / Services, Consignee will issue an on line ‘Consignee’s Receipt cum Acceptance Certificate’ which will form the basis of Payments to the Seller.
iii. No payment shall be made for rejected goods or services. After intimation of the rejection / part rejection by the Buyer/ Consignee, the Seller shall be liable to remove / lift back such rejected Goods within 10 days without any extra charge/cost to the Buyer / Consignee failing which suitable ground rent / warehousing charges would be payable by the Seller to the Buyer /Consignee. If the Seller fails to remove / lift back such rejected Goods within reasonable time period, the Buyer / Consignee shall have the right to dispose off such rejected goods at the risk and cost of the seller.
Termination for Default:
If the Seller does not perform its obligations within the Delivery Period/Date mentioned in the Contract, the same would constitute the breach of the Contract and the Buyer shall have the right to Cancel or withdraw the Contract for the unsupplied portion after the expiry of the original or re-fixed delivery date or period stipulated in the Contract. Such cancellation of contract on account of non – performance by the Seller would entitle the Buyer to forfeit the performance security besides other actions such as downgrading the Seller’s rating or debarment from the Plexus Technology for specified period as decided by Plexus Technology on merits.
Closure of Transaction:
After satisfactory completion of all the obligations under the Contract and release of payments for the goods / services, the transaction shall be treated as closed.