About Us

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‘SELLER’ herein means SPADA. ‘BUYER’ herein means any person, party, association, firm, limited company, corporation, etc., who makes an offer to the Seller to purchase the products.

1. Acceptance of Orders: All orders placed by the Buyer are subject to the Seller’s acceptance. An invoice will be issued to the Buyer for the order placed and goods supplied in terms of the said order. The Seller reserves the right to accept or refuse any order, in whole or in part, without assigning any reason.

2. Pricing: The price prevailing on the date of dispatch shall be applicable, regardless of the purchase order, delivery order, contract, or advance payment for the supplies that have been accepted or issued. The Seller reserves the right to revise the price without prior notice to the Buyer or assigning any reason.

3. Invoice Discrepancies: The Buyer should thoroughly check the price, quantity, and calculations made in the invoice. Any discrepancies should be immediately reported to the department responsible for invoicing.

4. Weight and Quantity: The weight or quantity recorded by the Seller in their dispatch documents shall be the basis for invoicing and payment. In case of short receipt or damage, the Buyer must promptly notify in writing any such issues to the depot from where the goods have been dispatched.

5. Taxes and Duties: Any taxes, GST, CESS, or duties levied by Central, State, Local, or any other authority now in force or imposed hereafter on the sale, transportation, or supply/delivery of the goods shall be directly paid by the Buyer. If paid directly by the Seller, the Buyer shall reimburse the Seller.

6. Goods Specifications: The goods supplied shall conform to the specifications and quality prescribed by the Seller. For this purpose, the Seller’s laboratory record or certificate of quality shall be the basis. No claims for shortage or damage during transit will be entertained by the Seller without a duly acknowledged Shortage/Damage Certificate from the carrier.

7. Order Cancellation and Returns: Orders placed cannot be cancelled, and goods once sold will not be taken back.

8. Transit Insurance and Liability: The Buyer is responsible for arranging transit insurance and covering all liabilities for transit losses. If the Seller incurs these expenses, the Buyer shall reimburse the Seller forthwith.

9. Payment Terms: Payment should be made only by crossed cheques or bank drafts in favor of SPADA at any of the Scheduled Banks or through any other agreed banking channels. No cash payments are to be made against this invoice. Any cash payment made to the Seller or its employees will not be treated as valid and will be at the Buyer’s own risk. The Buyer shall not suspend payment or make deductions by way of set-off unless specifically agreed in writing by an authorized officer of the Company. Any withholding or set-off not expressly agreed upon will not be accepted as a valid discharge of the payment.

10. Overdue Interest: Failure to make payment on the due date will incur overdue interest at a rate of 36% per annum or such other rate as may be revised from time to time by the Seller. Payments are subject to realization.

11. Discounts and Adjustments: The Seller reserves the right to appropriate or adjust any discounts or other sums due to the Buyer against any dues from the Buyer, including delayed payment charges.

12. Examination of Goods: The Buyer must examine the goods upon delivery. Thereafter, no claims will be accepted by the Company regarding damage, weight shortages, or quality issues.

13. F.O.R./F.O.B. Quotations: The Company’s liability for delivery of the goods ceases once they are placed on rail or board at the place of dispatch, and a clear Railway Receipt or Bill of Lading is obtained. For Ex-Warehouse or Ex-Jetty quotations, the Buyer will take delivery at their own risk.

14. Delivery Delays: The Seller is not responsible for delays in delivery beyond its control but will make every effort to ensure speedy delivery.

15. Sales Tax Declaration: The Buyer must provide the Sales Tax Declaration in the prescribed format as per the Central or Sales Tax Act. If not provided, the Seller may charge the difference in Sales Tax as if it were payable by an unregistered dealer.

16. Unauthorized Delivery: Any unauthorized party taking delivery of the goods will be subject to criminal prosecution and will be liable for any costs and charges incurred.

17. Seller’s Right to Reclaim Goods: The Seller retains the right to reclaim any goods delivered if the Buyer has not paid the purchase price. If the Buyer fails to pay, the Seller may take back the goods and sell them to another Buyer. The proceeds from this sale will be used to offset the unpaid amount, while the Seller retains the right to pursue other legal remedies for any outstanding dues.

18. Warranties and Claims: All products are guaranteed to meet standard specifications. Any warranties regarding condition, statutory or otherwise, as to quality or fitness for any purpose are excluded. Claims will not be recognized unless notified in writing within 8 days after receipt of goods. The Seller reserves the right to address such goods in the best possible manner, and the Seller’s decision will be final.

19. Severability: If any provision of this contract is found by a competent authority to be wholly or partly illegal, invalid, unenforceable, or unreasonable, it shall be deemed severable to the extent of such illegality, invalidity, unenforceability, or unreasonableness. The remaining provisions of the contract shall continue in full force and effect.

20. Governing Law and Jurisdiction: Indian Law shall govern this contract. Any dispute arising out of or in connection with the contract shall be subject to the non-exclusive jurisdiction of the Indian Courts.

21. Legal Jurisdiction: For the purpose of legal jurisdiction, this sale shall be deemed to have been concluded only at Chennai, and only the Courts of Chennai shall be competent to try all cases or suits arising out of the sale.

22. Sales Assistance: For best results, seek the assistance of our sales executives. All recommendations are based on in-house tests and information believed to be reliable. The performance of the products is subject to handling and manner of use. We shall not be liable for any damage arising from improper use or handling. No representative of ours has authority to waive or change this provision.