Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value includes providing a financial quote in the prescribed format, with the reserve license fee for the group, and the quoted license fee. The formulas for bid capacity are: * The quoted license fee should 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. Additionally, the bid capacity required includes Earnest Money Deposit (EMD) and Security, with the following formulas: * EMD = 3% of reserve price for one group * EMD for multiple groups = 3% of EMD for each group * Security = 15% of discovered license fee for a Group * Additional Security = 10% of (discovered license fee/bid - reserve price) if the discovered license fee/bid exceeds the reserve price by 20% The bid capacity also includes a non-refundable participation fee and a transfer fee.