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Odisha - CCTNS - RFP - VOL - National Crime Records Bureau

Odisha - CCTNS - RFP - VOL - National Crime Records Bureau

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<strong>RFP</strong> for Selection of System Integrator of <strong>CCTNS</strong>(e)(f)Invoices shall be accurate and all adjustments to or changes in the terms of payment asstated in the Schedule VII shall be applied to the next payment invoice.The BUYER shall be entitled to process the payment of any invoice raised by SI or part ofit only after the acceptance certificate for the Deliverables is issued by the SCRB. Anyexercise by the BUYER under this Article shall not entitle SI to delay or withholdprovision of the Project.4.3. Payment of Tax / Tax Considerations(a) The BUYER shall be entitled to deduct tax from the amounts due and payable to SI,wherever applicable. SI shall pay for all other taxes in connection with this Contract,and any other including, but not limited to, property, sales, use, excise duty, valueaddedgoods and services, consumption and other similar taxes or duties.(b)(c)(d)The BUYER or its associated entity shall provide SI with the statement of tax receipt ofany taxes deducted at source and paid for the Project on payments under this Contract.SI agrees to reimburse and not hold the BUYER accountable from any deficiency(including penalties and interest) relating to taxes that are its responsibility under thisparagraph. For purposes of this Contract, taxes shall include taxes incurred ontransactions between and among the BUYER and the SI.In the event of any increase or decrease of the rate of taxes due to any statutorynotification/s during the term of the Contract, the consequential effect shall be to theaccount of SI.The Parties shall cooperate to enable each Party to accurately determine its own taxliability and to minimize such liability to the extent legally permissible. In connectiontherewith, the Parties shall provide each other with (i) any resale certificates, (ii) anyrelevant Information regarding use of out-of-state materials, or services and (iii) anyexemption certificates or Information reasonably requested by the other Party.4.4. Liquidated DamagesIn the event of SI's failure to submit the Bonds, Guarantees and Documents, supply theProject Assets and conduct trials, installation of equipment and training as per <strong>RFP</strong>, theBUYER may at his discretion withhold any payment until the completion of the Contract. TheBUYER may also deduct from SI as agreed, liquidated damages to the sum of 0.5% of theContract price of the delayed/undelivered stores/ services mentioned above for every weekof delay or part of a week, subject to the maximum value of the Liquidated Damages beingnot higher than 10% of the value of delayed services. This right to claim any liquidateddamages shall be without prejudice to other rights and remedies available to BUYER underthe Contract and/or any other law.Volume IIIContractual and Legal Specifications24

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