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
