visakhapatnam steel plant materials management ... - Vizag Steel

4.4 Illustration for calculation of landed Net of VAT/CENVAT:I. MATERIAL REQUIRED FORSUCCESSFUL MEASUREMENT Rs. Rs.MATERIAL COST FOR EACH1. SUCCESSFUL MEASUREMENT A 1000 10002. EXCISE DUTY @ 12.36% B 123.6 123.63 SALES TAX CCST@2%22.47VAT@ 5%56.184 LANDED COST D 1146.07 1179.785 VAT INPUT CREDIT (@1.9%) E 0 21.356 LANDED NET OF CENVAT COST F=D-B-E 1022.47 1034.83II FOR SERVICE RENDERED1 MANPOWER(SERVICE) COST G 10002 SERVICE TAX@12.36% H 123.63 LANDED VALUE I 1123.604 LANDED NET OF CENVAT J=I-H 1000.004.5 FORMULA TO ARRIVE AT L1 PRICE:[(X1*280000+X2*28000+X3*2800+X4*280000)+Y1+Y2+Y3+Y4+Y5+Y6+Y7 * 365 * 2(years)Where: X1….X4 is the LNCP cost of material for each successful measurementof temperature, oxygen, hydrogen and sampling respectively(LNCP).Y1…Y7 is the Respective service cost per day in each of the stations (LNCP).P.S Also note that the 25% of the manpower cost quoted(Y1 to Y7) will bevariable based on the notification from RLC(Central ) for the minimum wagesfor Semiskilled workers.5.0 CURRENCY : The price of Instrument for Temperature, Oxygen and HydrogenMeasurement offered should be quoted in Indian Rupees only .6.0 LANGUAGE OF BID: The offer and complete correspondence must beeffected only in English language. The Bid prepared by the tenderer and allcorrespondence and documents relating to the bid exchanged by the tendererand the Purchaser, shall be written only in the English language, providedthat any printed literature furnished by the tenderer may be written inanother language so long as it is accompanied by an English translation of itspertinent passages in which case, for purposes of interpretation of the bid,the English translation shall govern.6.1 VALIDITY OF THE OFFER:Each tenderer shall keep his offer firm and valid for acceptance by RINL till120 days from the date of techno-commercial bid opening/reverse e-auction.19