Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value and formulas is as follows: 1. Earnest Money Deposit (EMD): 3% of reserve price for one group and for more than one group 3% of EMD for each group. 2. 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. 3. 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. 4. Cap on maximum number of groups allotted to a single entity: No entity will ordinarily be allotted more than 5 Excise Groups. 5. Adjustment of security and additional security: In case of default in the payment of security/additional security amount by the due dates, the license shall be deemed to be cancelled and the deposited security/additional security/license fee shall be forfeited. - 1% of this security money shall be adjusted in each instalment of license fee payable for the months of June, 2025 and February, 2025. - The remaining 13% of security money shall be adjusted in the license fee for the month of March, 2026. - Entire Additional security money, if any, shall be adjusted in the monthly instalment of license fee for the month January, 2026.