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Registration to LokhandBazaar is 100% free for the Buyer. Post registration, Buyer shall bear pay a One-time Subscription fees of Rs. 2,999/= under the LokhandBazaar “Early Bird†Scheme ( GST @ 18% shall apply on the fees ) for a Life-time usage of all services on LokhandBazaar.
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Buyer undertakes that all Bill To, Ship To and the GSTN details uploaded by the Buyer are verified by him and are genuine, bona-fide, legal, current and operational.LokhandBazaar disclaims any liability arising out of wrong information by the Buyer.
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Buyer undertakes that all details filled in the RFQ form by the Buyer are fully validated, genuine, bona-fide, legal, current and operational. LokhandBazaar shall not be responsible for any transactional issue arising due to faulty and incorrect information.
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Buyer is aware that as a mechanism of trade assurance, the Advance payment routed through RazorPay route payment gateway shall not be credited to any individual account andfor the safety of Buyer, shall first be parked with aneutral nodal account with LokhandBazaar and shall be settled to the Seller by LokhandBazaar immediately upon publishing/ uploading of the evidence of contract of transportation or proof of shipment like E-way Bill, LR, GRN by the Seller on LokhandBazaar.com.
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LokhandBazaar shall not be responsible for the verification or validation of the genuineness of the document of the nature of evidence of contract of transportation or proof of shipment so uploaded and shall settle the Seller payment immediately once the document is published /uploaded by the Seller on the site.
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The evidence of contract of transportation or proof of shipment shall be available for reading to the Buyer on his Transactions dashboard under the head of Transit Forms and the Buyer must diligently and frequently look out for this document on his Transaction dashboard upon making the Advance Payment.
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The Buyer /Customer agrees that once the Seller has published /uploaded the document of the nature of evidence of contract of transportation or proof of shipment under the Transit Forms of the site, LokhandBazaar shall immediately settle the Advance Payment to the Seller. The Buyer/Customer indemnifies LokhandBazaar against any liability or claim arising out of this settlement from any party whatsoever.
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The verification or validation of the genuineness of the proof of shipment so uploaded by Seller shall be the sole responsibility of the Buyer and Buyer agrees to immediately notify to LokhandBazaar.app@gmail.com in case of any discrepancies or for any requests of deferment or cancellation.
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If the Buyer/Customer has made Advance payment for an Order and thereafter requests deferment/ cancellation of the Order, or the Order is deferred /cancelled due to incorrect information or specifications submitted by the Buyer/Customer, LokhandBazaar shall be entitled to charge its entire service charge to the Buyer/Customer.
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Should Buyer/Customer defer/ cancel Order after Seller has incurred costs, Seller shall be entitled to raise an invoice for commercially reasonable and documented costs, which the Buyer is obliged to bear.LokhandBazaar too shall be entitled to charge its entire service charge to the Buyer/Customer.
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Buyer agrees to fill up the Transit form upon receipt of consignment, upload the relevant Transport documentand make all balance Credit based bank transfers and payments subsequent to the Advance Payment only through LokhandBazaar platform and agrees to not deviate, bypass or undermine LokhandBazaar Terms of Use by dealing or transacting with the Seller outside of the LokhandBazaar platform for all Transactions initiated through LokhandBazaar.
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Buyer agrees that all other policies, terms and conditions mentioned elsewhere on LokhandBazaar have been read and accepted by him.
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Mode of Payment:
One-time Subscription Fee must be paid in advance and deposited in the below account:
Account Name : Crowbar Innovation Private Limited
Current Account number : 006705007783
Bank Name : ICICI Bank
Branch IFSC Code : ICIC0000067