This document is a sample draft of a Credit Agreement, specifically designed to align with requirements mentioned in the MSME Act. It outlines the terms and conditions for credit extended between a seller and a buyer, including a defined credit period of 45 days and payment terms. This agreement is useful for businesses that need to formalise their credit arrangements and ensure compliance with relevant regulations. It provides a clear template for documenting these essential commercial terms.
As a result of introduction of provisions of Section 43B(h) of Income Tax Act Buyer needs to enter into an agreement with Seller for the Credit Terms. This is a sample draft of such Agreement. #docx