Commercial Bids. 18.6.1 The Bidder is required to quote in Indian Rupees (‘INR’/ ‘`’). Bids in currencies other than INR may not be considered. 18.6.2 While any increase in the rates of applicable taxes or impact of new taxes subsequent to the submission of commercial bid shall be borne by SIDBI, any subsequent decrease in the rates of applicable taxes or impact of new taxes shall be passed on to SIDBI in its favour. This will remain applicable throughout the contract period. 18.6.3 The Commercial Bid should be submitted in the format prescribed in the RfP. Consideration of commercial bids, not submitted as per requisite format, will be at the discretion of the bank. 18.7
