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Exemption of Earnest Money

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March 22, 2012 at 3:36 pm #67273

unknown
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While participating in Govt. Tenders it is known fact that Co-Operative Societies are exempted from depositing Earnest Money. In this regard what is the actual Govt. directions? There are many kinds of Co-operative Societies. Who should actually be exempted from this? Please reply mentioning Govt. rules, orders if any. Thanking you in advance.

March 22, 2012 at 6:17 pm #71690

unknown
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1. Suppliers registered with Directorate General of Supplies and Disposal and Small-scale Units registered with the Directorate of Cottage and Small-scale Industries, West Bengal, shall be exempted from payment of earnest money.
2. The Rehabilitation Industries Corporation Ltd., shall be exempted from payment of earnest money.
3. The Light House for the Blind, a society registered under the Societies Registration Act, 1860 with its registered office at 6, Old Post Office Street, Calcutta – 1, shall be exempted from payment of earnest money.
4. The Tea Trading Corporation of India Ltd., a Govt. of India Undertaking, shall be exempted from payment of earnest money in respect of supply of tea to all offices of the Govt.
5. The Labour Co-operative Societies shall be exempted from the payment of earnest money against all Tenders of the Govt.
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