Please note that effective 1st June 2019, in case Buyer/Consignee does not take action to acknowledge acceptance and/or rejection of Direct Purchase Order of value up to Rs 25,000, GeM will consider such order as accepted on 21st day after the Provisional Receipt Certificate is updated by the Buyer/Consignee. GeM will automatically generate and issue Consignee's Receipt and Acceptance Certificate (CRAC) as a part of acceptance process. Please note that all such orders where Buyer has raised an incident against the Seller shall be excluded from this process.
As per the General Terms and Conditions (GTC) on GeM, payment for such orders will become due upon generation of CRAC and should be made within 10 days of automated issuance of CRAC.
Team GeM