Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is to quote a license fee for each group, 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. 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 (Rupees five Lakhs only) through online process. 3. Security Money: 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. The formulas for the bid capacity 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%