Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is to quote a license fee for the group in the specified format, with the quoted license fee being in Indian Rupees and not less than the reserve license fee for the group. The bid capacity required includes: 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 formulas required for the bid are: - 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% Additionally, the bid capacity required includes: - Earnest Money Deposit (EMD): 3% of reserve price for one group and for more than one group 3% of EMD for each group. - Security Money: 15% of the discovered license fee for a Group, which shall be recovered in the following manner: - 3%: EMD taken at the time submission of tender will be adjusted in the security. - 4%: Within 48 hours of the allotment of the Group. - 5%: Within 7 days of the allotment of a Group or by 31st March, 2025, whichever is earlier. - 3%: Latest by 30th April, 2025. - Additional security: In case the discovered license fee/bid exceeds the reserve price of a Group by 20%, then the successful allottee shall be required to deposit an additional security equivalent to 10% of the difference between the discovered license fee/bid and the reserve price. - Cap on maximum number of groups allotted to a single entity: No entity will ordinarily be allotted more than 5 Excise Groups.