Examples of First Seller in a sentence
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.
A company/person that supplies product from a Registered First Seller, has the option of voluntarily taking on the reporting/remitting responsibilities on behalf of a Registered First Seller.
First Sellers must permit Cleanfarms, from time to time, to review the records of the First Seller, with respect to reporting and the remittance to Cleanfarms of the Fees pursuant to Cleanfarms’ policies.
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.
For any supply of obligated product, the First Seller will charge the EHF separately from the cost of the Product.
If the First Seller has under-remitted fees, administrative fees and interest may apply.
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 ABC is an obligated First Seller of grain bags sold in Saskatchewan.
In this case, theVoluntary First Seller accepts full responsibility for reporting and remitting the EHF on their subsequent supply of the product.
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.