I need your expert opinion from the person who can guide me best in markup case one of my case with Hyundai Nishat. I had booked my car according to PBO on 7th Dec 21 and made my full payment in end of Jan 22 FED is being applied by Govt and I paid that on time too. Company delivered my car on 3rd of Mar 22. When company issued me Markup cheque they considered it as 27days for markup taking 1st Feb as full payment date.
I need to know whether i am making a right argument with the company or they are calculating at right terms.
I am copying my message send to Hyundai Nishat:
- I have deposited full payment dated 27th Nov 21 of Rs. 4,008,800 for Elantra Car and released pay order by head office on 27th Dec 21. On 1st Feb company ask me to deposited FED increment payment of Rs 101,200 which I deposited on time. That was tax payment not price increase and I have already deposited my full payment. That should not be considered as late payment.
- According to your calculation you gave me PO of Rs. 26,264 breakup of which is :
12.38% 27 days = 37520
ITWH 15% =11256 (Have been deducted which should be like 37,520*15% = 5628 as per my knowledge where I need correction)
- If you are taking 1st Feb 22 as full payment then how can you give me markup payment according to rule if full payment has been made and after full payment date company delivers your car after 60 day then company is liable to pay markup. In this case you are giving extra ordinary services to your client.