Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value and formulas is specified in the format and includes details such as the reserve license fee for the group, quoted license fee, and earnest money deposit. The key components are: - Reserve license fee for the group - Quoted license fee to be entered by the bidder - Earnest Money Deposit (EMD) calculated as 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% - Cap on maximum number of groups allotted to a single entity: No entity will ordinarily be allotted more than 5 Excise Groups. Formulas include: - EMD calculation: 3% of the reserve price for one group, and for more than one group, 3% of the EMD for each group - Security money calculation: 15% of the discovered license fee for a Group - Adjustment of security and additional security as per specified timelines and percentages. The non-refundable participation fee is also a component of the bid process.