Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value and formulas is as follows: 1. Reserve license fee for the group (in figures) in Rs. Crores. 2. Quoted license fee (in figures) to be entered by the bidder in Rs. Crores. 3. Quoted License Fees (in words) in Rs Crores. The formula to be used is: - The bid price shall be in Indian Rupees. - If there is a discrepancy between words and figures, the amount in words will prevail. - If there is no bid quoted or the bid is less than the reserve price of the group, the bid shall be declared as disqualified. Additionally, the Earnest Money Deposit (EMD) and security deposit formulas are: - EMD = 3% of reserve price for one group - EMD for multiple groups = 3% of EMD for each group - Security = 15% of discovered license fee - Additional security (if applicable) = 10% of (discovered license fee - reserve price) The participation fee for the e-tender is Rs. 5,00,000.