Examples of RVPN in a sentence
RVPN is registered under Section-11 of Rajasthan Tax on Entry of Goods into Local Areas Act, 1999, having certificate of Registration No. RET/1421/N/0315.
However any reduction in financial liability due to abolition of exiting taxes/duties or revision in the effective rates of taxes/duties after expiry of stipulated completion period shall be passed to RVPN.
In case of orders placed by other wings of RVPN , recovery shall be effected for delay in delivery/ execution @ 1/2% per week or part there of subject to a maximum of 10% of delayed / unexecuted supply / works.
Forfeiture of earnest money/security deposit shall be without prejudice to any right of the RVPN to claim any other damages as admissible under the law as well as to take such action against the tenderer/supplier such as severing future business relation or black listing etc.
The provisions of this purchase manual would be applicable for procuring stores, equipment, T&P, contract for conversion including re-rolling and fabrication of material where whole or part of store / material is supplied by the RVPN or for purchase of equipment(s) where fabrication, erection and associated civil works are also included in the contract for supply of equipment etc.
In other words, price fall clause shall be applicable based on subsequent rates received within RVPN only.
Price fall clause shall not be applicable based on the rates received in Company other than RVPN.
The security deposit shall be refunded to the suppliers after 3 months of the successful completion of the contract to the entire satisfaction of the RVPN.
Procedure detailed out in the subsequent paragraphs would be followed by the officers of the RVPN in all the cases except works contract, civil contract, turnkey packages and labour contracts in which too the provisions of this manual shall be applicable till such time separate procedure/guidelines are issued to regulate the award of works contract, turnkey package and labour contracts.
However before initiating purchase action, the concerned Purchasing Authority shall take into account the communication from other Project Authorities and the Stores Wing of the RVPN regarding surplus/spare equipment, machinery, Tools & Plants so that to the extent possible, such surplus/spare material may be utilized and fresh purchases thereof are avoided.