The buyer, who fails to pay MSEs within 45 days, is liable to pay compound interest with the monthly rest to the supplier on the amount at three times the bank rate notified by the RBI as per Section 16 of MSME Development (MSMED) Act
The buyer, who fails to pay MSEs within 45 days, is liable to pay compound interest with the monthly rest to the supplier on the amount at three times the bank rate notified by the RBI as per Section 16 of MSME Development (MSMED) Act