Excise And Taxation Department Tender

The bid capacity required in the given tender to bid is as follows: 1. Earnest Money Deposit (EMD): 3% of the reserve price for one group, and for more than one group, 3% of EMD for each group. 2. Security Money: 15% of the discovered license fee for a Group. - 3%: EMD taken at the time of submission of tender will be adjusted in the security. - 4%: Within 48 hours of the allotment of the Group. - 5%: Within 7 days of the allotment of a Group or by 31st March, 2025, whichever is earlier. - 3%: Latest by 30th April, 2025. 3. 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 for calculating the total security amount: - Total Security Amount = (Discovered License Fee * 0.15) - Additional Security (if applicable) = (Discovered License Fee - Reserve Price) * 0.10 (if the difference is more than 20% of the reserve price)