(VERSION-IV) - DVC :: Consumer Login
(VERSION-IV) - DVC :: Consumer Login
(VERSION-IV) - DVC :: Consumer Login
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11. (a) The Indian Agent will be accepted if and only if they are registered in DGS&D. Indian<br />
Agency Commission, if any, payable by <strong>DVC</strong> shall invariably be included in the<br />
FOB/FCA/FAS Price. Percentage of commission shall be clearly mentioned along<br />
with the name and address of Indian Agent. A copy of agreement with the Indian Agent<br />
along<br />
with the DGS&D enlistment certificate to be furnished along with the quotation and, if,<br />
Indian Agent commission is not involved; foreign supplier should furnish “No<br />
Indian Agent Commission” Certificate.<br />
(b) In case Indian agent of the OEM supplier, insist on placing PO on another subagent<br />
for execution of the order, it has to be ensured that the said subagent is authorized by<br />
OEM.<br />
12. Party shall have to furnish ‘proprietary certificate’ in line with existing PAC & PRC format.<br />
13.(a) The Purchase Order should clearly mention about the requirement of documents<br />
incorporating the updated requirements therein such as, BG/Pre-despatch Inspection<br />
Certificate/ country of origin etc. to be furnished by the Exporter to the Foreign Bank for<br />
releasing payment.<br />
(b) It should be clearly mentioned as to who will bear the cost of opening and maintenance of<br />
LC in Indian Bank as well as in the concerned foreign bank to avoid<br />
confusion. (c) In case of importation the following payment terms may be<br />
considered:<br />
100% of FOB price less Indian Agency Commission in Rs, if any, shall be paid against<br />
presentation of shipping documents as called for in the purchase order through irrevocable<br />
LC.<br />
The full Indian Agency Commission, if any in INR, shall be released to the Indian<br />
Agent, within 30 days of receipt and acceptance of materials at the consignees end.<br />
14. The letter of credit shall not allow partial shipments or transhipment normally.<br />
The evaluation/computation of the total value of the offer may be made as per the following.<br />
(i) F.O.B. Value<br />
: In dollar or in any foreign currency<br />
+ (ii) Packing Charges, if any : In dollar or in any foreign currency<br />
+ (iii)Freight Charges : In dollar or in any foreign currency/or in Indian currency<br />
+ (iv) Services charges, if any, : In dollar or in any foreign<br />
currency to canalising agency<br />
+ (v) Insurance Charges : In dollar or in any foreign currency/or in Indian currency<br />
(vi)Total CIF price (i + ii + iii +iv +v) = In dollar or in any foreign currency/or in Indian currency<br />
~ Rupees (converting in Rupee in the rate of exchange as notified by GOI as per Section<br />
14(3)(a)(1) of Customs Act. Exchange Rate as on the bid opening date is to be considered and to<br />
be mentioned in the NIT.<br />
W& P Manual – 2012 Page 88
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