Buyers can now  cancel the contracts above 30 lacs INR in contract Value with following conditions

• In case the delivery period is not expired, the contract cancellation will require seller consent.The seller will have option to accept or reject the cancellation request within 5 calendar days.
• In case, the delivery period is expired, the seller consent is not required.

For both cases mentioned above, the invoice should not have been generated by the seller.

Team GeM