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What is the WFT negations Policy?

WFT negation fees in value vs % of BP Sales
Category A B C D E
% of negation (BP Sales) capping monthly 1.50% 1.25% 1.00% 1.00% 1.00%
value of negation caping - monthly 25,000 15,000 7,500 5,000 Less than 2500

Additional Comments for Policy implementation:

  • Eg: Category A WFT negation limit is 1.5% of BP Sales or RS 25,000 whichever is lower. Applicable to all SPOs as per category
  • RS 300 will be charged per WFT order cancellation (orders canceled in following month for orders placed in the previous month)
  • The Negation % or values are basis monthly sales, will be monitored by COE team
  • 1st time defaulter - warning letter will be issued to SPO owner
  • 2nd time defaulter – WFT withdrawal for a period of 3 months.
  • 3rd time defaulter – discontinuation of WFT for a period of 1 calendar year from the month of default