Hindustan Petroleum Corporation Limited

ii) Cancel the order in part or full and purchase such cancelled quantities from elsewhere on
account at the risk of the seller without prejudice to its right under (i) above in respect of
goods delivered. All costs and expenses incurred by HPCL, if any, resulting from
cancellation of order shall be recovered from the seller.
13.Terms of Payment: PAYMENT will be made as per special terms and conditions, if any
given .
Or
Payment against invoices shall be made on receipt of equipment / material at site against
submission of following documents along with your Bill / Invoice :
i) Delivery Challan / Lorry Receipt duly acknowledged by our site. ii) Manufacturer Test
Certificate iii) Third Party Inspection / Clearance Report iv) Manufacturer Guarantee Certificate
v) Performance Bank Guarantee for 10% of Basic Order value.
75% Payment of the bill amount duly recommended by User Department will be paid in7 days
of receipt of bill with material and balance 25% will be paid after verification/ certification of
material in 15 days of submission of documents at our Disbursement Section in Mumbai through
e payment mode only. Please note that HPCL cannot make any advance with order OR against
despatch documents through Bank.
14. STATUTORY LEVIES:
Variations of taxes and duties arising out of the amendments to the Central /State
enactments, in respect of sale of goods / services covered under this bid shall be to HPCL.s
account, so long as :
They relate to the period after the opening of the price bid, but before the contracted
completion period (excluding permitted extensions due to delay on account of the contractors, if
any) or the actual completion period, whichever is earlier; and The vendor furnishes
documentary evidence of incurrence of such variations, in addition to the invoices/documents for
claiming taxes and duties, wherever applicable.
The contractor shall provide accurate particulars of PAN number as required, under
Section 206AA of Income Tax Act 1961.
15. Guarantee: Supplies shall be fully guaranteed against any manufacturing defects / poor
workmanship / inferior design or quality etc. for a period of 12 months from the date of
commissioning or 18 months from the date of delivery whichever is earlier. During this period,
seller will arrange to repair / replace any defective part free of cost or replace complete set if
required.
Performance Bank Guarantee issued by any Nationalised Bank for 10% of basic order value of
material supply and valid for above guarantee period shall be furnished.