Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value includes filling in the following columns: * Reserve license fee for the group (in figures) in Rs. Crores * Quoted license fee (In Figures) to be entered by the Bidder in Rs. Crores * Quoted License Fees (in Words) in Rs Crores The bid capacity required in the given tender to bid 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: A non-refundable participation fee of Rs. 5,00,000/- (Rupees five Lakhs only) through online process. 3. Security Money: A successful applicant shall have to deposit security equivalent to 15% of the discovered license fee for a Group. 4. 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. Formulas: - EMD = 3% of reserve price for one group - EMD for multiple groups = 3% of EMD for each group - Security Money = 15% of discovered license fee for a Group - Additional security = 10% of (discovered license fee/bid - reserve price), if discovered license fee/bid exceeds reserve price by 20%