Excise And Taxation Department Tender

The bid capacity required in the given tender to bid having value is specified in the PRICE SCHEDULE template, which includes the following columns: 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 The formulas or specific values required for the bid are: * The bid price shall be in Indian Rupees. * Any conditional bid will be rejected. * If there is a discrepancy between words and figures, the amount in words will prevail. * If there is no bid quoted or the bid is less than the reserve price of the group, the bid shall be declared as disqualified. Additionally, the financial bid shall be uploaded in the format as annexed, which includes the following: * Sr. No. * Name/ Number of the Group * 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 is related to the Earnest Money Deposit (EMD) and Security. The EMD is 3% of the reserve price for one group, and for more than one group, it is 3% of EMD for each group. The Security is equivalent to 15% of the discovered license fee for a Group, which is to be deposited in the following manner: - 3% as EMD at the time of submission of tender - 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% by 30th April, 2025 Additionally, if the discovered license fee/bid exceeds the reserve price of a Group by 20%, an additional security equivalent to 10% of the difference between the discovered license fee/bid and the reserve price is required, to be paid within 48 hours of the allotment of the Group. The bid capacity required can be calculated using the following formulas: - EMD = 3% of reserve price for one group - Security = 15% of discovered license fee for a Group - Additional Security (if applicable) = 10% of (discovered license fee/bid - reserve price)