Document - irpmu.railnet.gov.in

On expiry of the maintenance and warranty period, if any, and issue of the
certificate by the competent authority, the security deposit will be refunded after
adjustment of any dues payable by the contractor. In case AMC is built in the
contract as part of the schedule of requirements, the security deposit shall be
released after submission of bank guarantee of an amount equivalent to total value
of AMC contract for 1 year (Bank Guarantee can be of reducing value, after every
year equivalent to AMC charges of each lapsed year).
43. CERTIFICATE FOR MODVAT BENEFITS ON BILLS
a) The Contractor should submit the following certificate along with the bills:-
"We certify that no additional duty set off on the Goods supplied by us have
accrued under the MODVAT Scheme in force on the date of supply after we
submitted our quotations and submitted the present bill."
b) In the event of MODVAT credit being extended by the Government of India
to more items than that already covered, the firm should advise the purchaser
about the additional benefits accrued through a letter containing the following
certificate or any variation thereof as may be considered necessary by
individual Railway administration :-
“We hereby declare that we can avail additional duty set off as per latest MODVAT
scheme in force now and we hereby give a reduction of (___________) per unit and
agree to revise the prices indicated in the order. The current E.D. of (_________) is
payable on this reduced price. Therefore, we request you to amend the order
accordingly."
44. DEDUCTION FROM ON ACCOUNT PAYMENT BILLS
(i) All costs, damages or expenses, which Railways may have paid or incurred,
which under the provisions of contract are Contractor's obligations will be
deducted by Railways from progress payment Bills/Invoice of contractor, as and
when it is understood that such an expenses has been incurred or paid for.
(ii)
All such claims of Railways shall, however, be duly supported by appropriate and
certified vouchers, receipts or explanations as are available to enable the contractor
to identify such claims.
45. TAXES
Signature of contractor Page 77 of 104 Dy CSTE/Proj/IRPMU/CNB