SLEEVE TO DRG. NO. 2A26-02-170 FOR 125MM TK GUN T- 72.

Name: ORDNANCE FACTORY KANPUR, 6. Acct No. 40466075332, 7. IFSC Code: SBIN0000219, 8. Bank Name: STATE BANK OF INDIA, INDUSTRIAL ESTATE BRANCH-FAZALGANJ KANPUR, 9. Any interest accrued in FDR submitted as PSD by the vendors shall remain in their account, 10. In foreign procurement, Performance Security Deposit will be deposited by the supplier in the form o, f Bank Guarantee, in the prescribed format, issued by an Indian Public Sector Bank or a Private Sector ban, k authorized to conduct government business or any International bank for which counter guarantee is giv, en by Indian Bank acceptable to the purchaser., 11. Performance Security is to be furnished by a specified date (generally 30 days after notification of th, e award) and it should remain valid for a period of 60 days beyond the date of completion of all contractua, l obligations of the supplier, including warranty obligations if any. Therefore, PSD shall be released after 60, days of completion of contractual obligations., 12. Performance Security Deposit will be forfeited and credited to the government (General Manager/Or, dnance Factory Kanpur Account) in the event of a breach of contract by the supplier, in terms of the releva, nt contract., 13. Please indicate GST Registration No. Supplier must provide a copy of GST Registration Certificate, 14. Supplier must indicate the HSN code of the item If applicable, 15. Firm must submit Invoice with due registration number of GST along with delivery challan at the tim, e of delivery, 16. Material will not be allowed inside the factory without invoice., 17. Suppliers who are not registered must submit an Affidavit “That are not registered under GST and th, ey will not charge GST in the invoice “. If at any time during the contract, supplier gets registered under G, ST due to crossing of threshold limit under GST. They will be eligible to claim taxes as applicable on such s, upply as per the Time of Supply provisions., 18. If Supplier fails to make the payment of the GST as charged in the invoice or file the return for the co, rresponding period of supplies made to factory. In such cases of any default, factory shell not make payme, nt of GST component and reserve the right to withhold entire payment and will recover the interest and fin, e levied by the GST authorities, if any, due to default made by the supplier. To claim the GST component fr, om factory supplier must clear its mismatch if any in invoice filed in the GSTR-1 and submit a copy of GSTR, -3 filling Acknowledgement with the factory., 19. If due to any reason, factory rejects the material supplied by the supplier, factory shall issue a debit, note to the supplier on the basis of which supplier registered under GST can avail the credit and supplier w, ill issue the credit note to the factory also, 20. If the firm fails to supply the store within the stipulated period (delivery period mentioned in the pur, chase order) liquidated damages will be levied for belated supply @0.5% per week subject to a maximum, of 10%., 21. Ground rent will be charged in case of rejected store if the store is not lifted by the firm as per stand, ard terms and conditions mentioned in AWEIL PM 2022., 22. Payment Terms: The standard payment terms shall be 100% payment against Seller’s bill by Accou, nt transfer through NEFT/RTGS only for accepted materials within 30 days from the date of receipt of mate, rial or submission of bills/documents, whichever is later., PART IV:- Special Conditions of Contract:-, 1. Contract/Delivery Period : Total 90 days., 2. Delivery Schedule : Within 90 days from the date of PO placement., 3. A contract is a legal document and must be governed by certain terms & conditions to protect the int, erest of both the parties to the contract. It is important that every purchase officer is not only familiar with, 7/11