Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value and formulas is as follows: 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. Additionally, the bid capacity required includes: - Earnest Money Deposit (EMD): 3% of the 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. - 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. - Participation Fee: A non-refundable participation fee of Rs. 5,00,000/- (Rupees five Lakhs only) through online process. Formulas: - 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%