CORRIGENDUM - Tender

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7. The Bidder has to submit Earnest Money @ Rs.3000/- per each MT of HCFC
quoted for in shape of Crossed Demand Draft drawn in favour of “ The IDC of
Orissa Ltd.” payable at Bhubaneswar on any Nationalised Bank alongwith
the General Bid failing which their General Bid will not be taken into
consideration and Price Bid will not be opened. The EMD of unsuccessful
bidder shall be refunded as early as possible. The EMD of successful bidder
shall be converted into security deposit (interest free) and in the event of
their failure to deposit the sale value as mentioned in the tender
document / sale order, the security deposit thereof shall be forfeited
and the deal will be closed.
8. The bidders will quote the price of HCFC per MT ex-factory (Jajpur Road) in
the prescribed Price Bid formats only. The price quoted shall be valid for a
period of 30 (thirty) days, counted from the last date of submission of bids.
This shall mean that the successful bidder, if called upon within the 30 days,
to pay at the prices quoted, can not refuse the payment. This shall also mean
that the bidders can not withdraw, vary or change their bids unless these 30
days are over.
9. The bidders must mention in their price bids the purchase price per MT in
figures as well as in words without erasings, cuttings and over-writings. The
prices quoted should be legible and have no ambiguity; otherwise the bid
shall be rejected. In case of variation between the price quoted in words and
figures, those quoted in words shall be final.
10. Prices quoted, otherwise than in the manner prescribed above, shall not be
valid and the bid shall be rejected. No replacement bid shall be acceptable.
11. The Excise Duty, Cess, Sales Tax and other levies and duties payable under
the law shall be charged extra at the rate valid and applicable on the date of
billing This date shall be treated as the date of sale in question. If the Excise
Duty, Cess, Sales Tax and other levies & duties payable under the Law are
increased with retrospective effect, the additional burden shall be borne
entirely by the buyer. “C” Forms shall be accepted from the successful
Bidders (or Buyers) having valid Sales Tax or VAT registration and TIN for
charging concessional rate of Sales Tax. Otherwise full Sales Tax shall be
paid by the Bidders/Buyers as per CST scheduled rate. The present rate of
Central Excise Duty including Cess is 10.3%. CST is 4% but it is 2% only
against submission of “C “ Form. Orissa VAT is 4% and is applicable for sale
within Orissa. Inter State (Orissa) entry Tax is 2% but it is 1% against
submission of E-15 Form.