This Tariff comes into force from 1st July, 2008 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 applicable VAT/taxes/levies and are charged in advance for the period of twelve months and are to be paid at the beginning for the period.
Floor Area / Square Feet of the Premises will mean the wall to wall Area / Built up
Area of the Premises. |