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PIPES & FITTINGS

10/03/2024

Subject: Urgent –Communication regarding timely payment of Invoices

Dear customers,

Greetings!

We hope this message finds you well. We value your partnership with our Company and appreciate your continued support in our
business endeavor’s.

We are writing to inform you about a recent development that has implications for both our organization and our valued
customers. The introduction of Section 43B(h) of the Income Tax Act necessitates our attention to ensure compliance and seamless
operations.

Our KALSON PLAST PVT. LTD. is a Micro/Small unit registered under the MSME Act, holding Registration No. UDYAM-GJ-20-
0017830.

The recently introduced Section 43B(h) of the Income Tax Act underscores the requirement that payments for the procurement of
goods or services must adhere to the time limit outlined in Section 15 of the Micro, Small, and Medium Enterprises Development
Act, 2006. Non-compliance with this stipulation may lead to the disallowance of all outstanding expenses payable when calculating
income for Income Tax purposes.

As we strive to adhere to this provision, we kindly request your cooperation in ensuring that payments for goods purchased from
our Company are settled within the stipulated timeframe.

To clarify, we propose a payment window of 30 days, as applicable, from the date of the invoice. This not only aligns with the
regulatory requirements but also plays a pivotal role in helping us manage our working capital cycle efficiently. Timely payments
enable us to honor our commitments to suppliers, maintain seamless operations, and uphold our end of the business relationship.

Your support in adhering to these payment terms is vital in sustaining a mutually beneficial partnership. It not only allows us to
comply with regulatory mandates but also ensures the continued smooth functioning of our business operations.

Should you have any queries or concerns regarding this matter, please do not hesitate to reach out us.

Thank you for your understanding and cooperation.

Best regards,

KALSON PLAST PVT. LTD.

KALSON PLAST PVT. LTD.

Plot No.G-1930, B/h Almighty Agrotech, Almighty Gate, Lodhika G.I.D.C.,
Metoda-360021 Dist.Rajkot(Gujarat)India

+91 2827 287405 info@kalsonplast.com www.kalsonplast.com