Examples of First Seller in a sentence
For sales to a Voluntary First Seller, Cleanfarms recommends that the First Seller indicate on the invoice to the Voluntary First Seller:• That the supply does not include an EHF; and,• Provide the Voluntary First Seller with the Cleanfarms-supplied “Voluntary First Seller EHF Notice” directly on, or accompanying, the invoice.
Company ABC is an obligated First Seller of grain bags sold in Saskatchewan.
The First Seller shall make available to Cleanfarms all records and information relating to Obligated Products and remittances to Cleanfarms of Fees provided the records and information are reasonably required to perform an accurate compliance review.
Company XYZ wishes to be a Voluntary First Seller to avoid paying EHF fees on bags sold into Alberta and Manitoba.
The First Seller is responsible for maintaining records of all transactions regarding obligated products, submitting reports of obligated product supply in or into Saskatchewan and remitting the appropriate EHF to Cleanfarms.
Failure to report and remit EHFs and any applicable taxes may result in any or all of the following actions:• The application of interest on overdue amounts;• The application of administrative fees;• Legal proceedings to collect amounts owed;• First Seller compliance review;• Cancellation of registration and notification to provincial enforcement.
In this case, theVoluntary First Seller accepts full responsibility for reporting and remitting the EHF on their subsequent supply of the product.
For the purpose of this document, a First Seller is a company/person that is obligated to submit regular reports on the supply of obligated products in Saskatchewan, and to remit the appropriate EHF to Cleanfarms.
Company XYZ must simply register as a Voluntary First Seller for all product received from Company ABC.
If the First Seller has under-remitted fees, administrative fees and interest may apply.