T000001857_FileName_Borkhedi CF Tender ... - Bharat Petroleum

depot should not be considered as Stock Transfer Volume). No charges other thanthe above two agreed rates shall be payable by BPCL in regard to C&F Operations.ii) Payment would be made against bills to be raised by the Operator on monthlybasis after deducting for any stock loss and any other claims of BPCL. Operatorshall submit the monthly stock statement duly certified by BPCL official togetherwith bill before 7th of every month for the previous month. Monthly payment shallbe paid by BPCL within seven days from the date of receipt of bill after dueverification. However the last date of submitting the bill will not be beyond 10th ofthe month. Any non compliance on this account will be liable for punitive action,iii) Service Tax as applicable from time to time against the invoiceiv) Applicable Taxes like TDS etc, would be deducted from the vendor from suchmonthly payment.iv) For any financial liability imposed on BPCL by Central Excise or any otherauthorities due to non-compliance of rules and regulations by the Operator, thesaid amount will be recovered from monthly bills/ security deposit of Operator. Ifthe amount exceeds the security deposit, balance amount to be paid by Operatorwithin 7 days.Page 20 of 60