This Tariff comes into force from 1st April 2005 and applies to all Royalties falling due on or after that date.
"Non-Compliant Licensees who seek to regularize past infringements / violations / breach of Society’s rights and licenses (including non-compliance with agreements, usage without license, vexatious litigation, etc), a penalty of 30% over the existing tariff shall be applied at the discretion of Society, where as compliant licensees will be charged license fees at a rate discounted at 5% at the discretion of the Society".
On each anniversary of this Tariff there will be an upward revision by 10%.
All Royalties are exclusive of all VAT / taxes / levies and are charged as advance for the period of twelve months and are to be paid at the beginning for the period.
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