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Guidelines for placement of purchase orders on manufacturer’s authorized Dealers/

Distributors/Channel Partners / System House / Indian Subsidiary.

1. In case offer is submitted by other than Manufacturer / OES, it should be accompanied by the

authorization letter from the Manufacturer / OES. Please attach the scanned copy of authorization letter in

the collaboration area of IFB or enclose along with the offer.

2. The Manufacturer / OES should offer back-up guarantee that they shall stand guarantee for quality,

workmanship and successful supply / execution of the ordered item.

3. The Dealer / Distributor / Channel Partners / System House / Indian Subsidiary etc. shall certify on the

face of the invoice that appropriate taxes & duty have been paid as per the laws of the land, which inter alia

include Customs, Central Excise law etc. as the case may be.

4. In addition to the above, In case of Dealers / Distributors / Channel Partners of Indigenous Manufacturers

followings are also to be followed:

4.1. Dealer / Distributor / Channel Partners / System House / Indian Subsidiary shall offer to supply on E-1

sale basis.

4.2. Supplier shall submit the offer with excise duty inclusive in quoted price and minimum guaranteed

CENVAT / Excise Amount (equivalent to CENVATABLE) to be passed on by them in term of fixed amount /

percentage of quoted price. The minimum guaranteed CENVAT / Excise Amount (equivalent to CENVATABLE) offered shall be not less than 85% of the prevailing Excise duty rate plus cess.

Note:

If the actual CENVAT passed on at the time of billing is less than the declared amount/ percentage in the Purchase Order, and the same is not attributable to any statutory changes in the interim period, then payment shall be made after reworking the base price proportionately. However, variations up to 5% on the quoted minimum guaranteed CENVAT amount / percentage, shall not attract this re-working provision and only difference between declared & actual CENVAT shall be recovered whereas if variation is more than 5.0% (rounded off to 1 decimal), reworking of base price shall be for total variation.

5. For cases valuing more than Rs.25Lakh, a Bank Guarantee equivalent to 20% of the order value must

be provided by the supplier for guarantee / warrantee period plus two months.

Re-working shall be done as under :

REWORKING IF ACTUAL CENVAT IS LESS THAN THAT INDICATED ABOVE :-

Quoted to BSP (in Rs)

117.65

12.36*100/10.506 (85 % of 12.36 is 10.506)

Cenvat committed by dealer (in Rs)

12.36

117.65 * 10.506 %

Actual cenvat passed on (in Rs)

10.00

8.5 % OF QUOTED PRICE (Less than

9.9807%)

Dealer purchased the material at (in Rs)

90.91

(10*100/12.36)+10

Dealer's profit (in Rs)

26.74

117.65-90.91

Dealer's profit in percentage (%)

29.42%

26.74*100/90.91

Quoted price reworked (Rs)

95.18

10*100/10.506

Dealer's profit after reworking (in Rs)

4.28

95.18-90.91

Dealer's profit after reworking in %age

4.71%

4.27*100/90.91

*** Above calculation has been made by taking manufacturer price as Rs 100/- and ED rate as 12.36%.