11.07.2015 Views

IDCOL FERRO CHROME & ALLOYS LIMITED - orissatenders.in ...

IDCOL FERRO CHROME & ALLOYS LIMITED - orissatenders.in ...

IDCOL FERRO CHROME & ALLOYS LIMITED - orissatenders.in ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

13adjustment of EMD from any outstand<strong>in</strong>g dues on us shall beenterta<strong>in</strong>ed. In case of unsuccessful tenderers, the EMD shall be returnedwith<strong>in</strong> 1 (one) month of f<strong>in</strong>alisation of tender without any accrual of <strong>in</strong>terest.20) Security Deposit: In case of the successful tenderer, the EMD shall beconverted to Security Deposit and reta<strong>in</strong>ed with IFCAL for due execution ofthe contract. The security deposit shall be refunded with<strong>in</strong> 3(three) months ofsatisfactory execution of the contract without any accrual of <strong>in</strong>terest.21) Firmness of Price: The basic price of molasses per MT quoted shall rema<strong>in</strong>firm dur<strong>in</strong>g the contract period unless, otherwise specified elsewhere <strong>in</strong> theorder. However, statutory variation <strong>in</strong> any taxes, duties, levies dur<strong>in</strong>gcontractual delivery period may be considered aga<strong>in</strong>st documentary evidence.22) Compliance of State Excise Formalities: IFCAL shall deposit the annuallicence fee with the State Excise Department towards procurement, storageand use of molasses <strong>in</strong> production of Chrome Ore Briquettes. The suppliershall pay the licence fee <strong>in</strong> respect their own bus<strong>in</strong>ess and furnish the copy ofthe licence or documentary evidence towards application for licence andpayment of licence fee. The supplier should deposit all the fee <strong>in</strong> shape ofTreasury Challan on the head of account “0039 State Excise” Odisha towardsthe required quantity of Molasses by IFCAL <strong>in</strong> advance for issue of pass fortransportation of Molasses <strong>in</strong>side the State. The supplier should co-ord<strong>in</strong>atewith the Central Excise Department/State Excise Department & makenecessary comply with the rules of the Central Excise Department / StateExcise Department under <strong>in</strong>timation to the Purchase Department of IFCAL.If any penalty is imposed by the Central Excise Department/State ExciseDepartment or any competent authority on M/s Idcol Ferro Chrome & AlloysLtd on account of the supplier’s non-observance of the above said formalities,then the supplier shall be held responsible and will be liable to fullycompensate IFCAL for any such penalty as well as the statutory payablesSignature & Seal of Tenderer

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!