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 conditions for the bid capacity 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. The bid capacity required in the given tender to bid is as follows: - 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, which shall be recovered in the following manner: - 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. - 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. Formula 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 (Discovered License Fee - Reserve Price) > (Reserve Price * 0.20)