Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified in the PRICE SCHEDULE template. The formulas or specific values required for the bid are: * The bid price shall be in Indian Rupees. * Any conditional bid will be rejected. * 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. The bid capacity required includes: 1. Earnest Money Deposit (EMD): 3% of the reserve price for one group, and 3% of EMD for each group for more than one group. 2. Participation fee: Rs. 5,00,000. 3. Security Money: 15% of the discovered license fee for a Group. 4. Additional security: 10% of the difference between the discovered license fee/bid and the reserve price, if the discovered license fee exceeds the reserve price by 20%. 5. Cap on maximum number of groups allotted to a single entity: No entity will ordinarily be allotted more than 5 Excise Groups. Formulas: - EMD = 3% of reserve price - Security Money = 15% of discovered license fee - Additional security = 10% of (discovered license fee - reserve price), if discovered license fee exceeds reserve price by 20%