continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis and includes supply of such goods as the Government may, subject to such conditions, as it may, by notification, specify;
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis;
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and
More Definitions of continuous supply of goods
continuous supply of goods means a supply of goods which is
continuous supply of goods means a supply of goods
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis;Author comments: The term continuous supply of goods is used in the section 28 (4) which prescribes time limit for issuance of invoice as under:‘In case of continuous supply of goods, where successive statements of accounts or successive payments are involved, the invoice shall be issued before or at the time each such statement is issued or, as the case may be, each such payment is received’
continuous supply of goods. MEANS A SUPPLY OF GOODS WHICH ISPROVIDED, OR AGREED TO BE PROVIDED, CONTINUOUSLY OR ON RECURRENTBASIS, UNDER A CONTRACT, WHETHER BY MEANS OF A WIRE, CABLE, PIPELINE OROTHER CONDUIT, AND FOR WHICH THE SUPPLIER INVOICES THE RECIPIENT ON AREGULAR OR PERIODIC BASIS AND INCLUDES SUPPLY OF SUCH GOODS AS THEGOVERNMENT MAY, SUBJECT TO SUCH CONDITIONS, AS IT MAY, SPECIFY; THE FOLLOWING ASPECTS NEED TO BE NOTED:BY NOTIFICATION, IT SHOULD BE A CONTRACT FOR SUPPLY ON A ONE-TIME SUPPLY CONTRACT;RECURRENT BASIS AND CANNOT BE A THE BILLING AND RECEIPTS THERETO SHOULD BE ON A PERIODIC BASIS (E.G.:EVERY FORTNIGHT; EVERY MONDAY ETC.) AND NOT ONE-TIME. FURTHER, THECONTRACT SHOULD SPECIFY THIS PERIODICITY/ FREQUENCY OF BILLING/ PAYMENT; EXAMPLES OF CONTINUOUS SUPPLY OF GOODS ARE:
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis,
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent basis, under a contract, whether or not by means of a wire, cable, pipeline or other conduit, and for which the supplier invoices the recipient on a regular or periodic basis and includes supply of such goods as the Government may, subject to such conditions, as it may, by notification, specify.Example: Open purchase orders with an understanding of fortnightly billing, Supply of gases through pipelines with a weekly billing scheduleSection 2(33)
continuous supply of goods means a supply of goods which is provided, or agreed to be provided, continuously or on recurrent ba sis, under a contract, w hether or not by m e a n s of a wire, c able, pip elin e or ot h er conduit, and for which the supplier invoices the recipient on a regular or periodic basis and in clu d e s s u pply of s u c h g oo d s a s t h e Government may, subject to such conditions, as it may, by notification, specify;