Taxes and Other Statutory Dues. The property tax applicable, if any, on the property of CMRL shall be borne by CMRL (to be checked with Finance Department)
Taxes and Other Statutory Dues. 4.3.1. The applicable Goods and Service Tax (GST), Advertisement Tax, Entertainment Tax etc. or any other taxes as applicable shall also be payable extra as made applicable from time to time.
Taxes and Other Statutory Dues. 8.1 GST and Advertisement Tax, as applicable from time to time, shall also be borne by Licensee, in addition to the license fee.
8.2 The property tax applicable, if any, on the property of DMRC shall be borne by Licensee.
8.3 At present, DMRC is not liable to share its revenue generated from advertisements inside DMRC Metro stations with local bodies. However, if DMRC becomes liable to share revenue with local bodies from advertisements outside/Inside Selected Metro Stations in Phase-III in future, then DMRC shall deposit the due share to local bodies out of its own funds. Further, share of revenue from outdoor Branding, if any, with local bodies shall be deposited by DMRC out of its own funds. Licensee shall not be liable to part with any additional revenue on this account. In this regard, the following may be noted:
a. DMRC assumes that the value of outside advertisement is 30% of total quote of the bid for the stations which have only outdoor inventory of 100 sqm with no indoor advertisement inventory. The sharing with MCD if needed would be done from this value.
b. DMRC assumes that the value of outside advertisement is maximum 15% of total quote of the bid for the stations which have both outdoor and indoor inventory (250 sqm or 10 sqm). The sharing with MCD if needed, would be done out of this value.
c. In case of stations which are having a reduced/limited scope/area for outdoor advertisement only, it is assumed by DMRC that the value of outdoor advertisement at this station is maximum 15% of the total quote of the bid for the said station.
8.4 All other statutory taxes, statutory dues, local levies, as applicable (other than, mentioned above in clause 8.3) shall be charged extra and will have to be remitted along with the License Fees for onward remittance to the Government. The Licensee shall indemnify DMRC from any claims that may arise from the statutory authorities in connection with this License.
8.5 Payment of stamp duty on agreement, if any, to be executed in pursuance of this contract will be borne by Licensee.
8.6 The selected bidder will of ask for any claim or compensation from DMRC. If advertisement are not permitted due to local laws/civil authorities. The maintenance of all advertisement inserts will be borne by the selected bidders.
Taxes and Other Statutory Dues. All other statutory taxes, statutory dues, local levies, GST, etc. as applicable from time to time shall be charged extra and shall be remitted along with the License Fee for onward remittance to the Government. The Licensee indemnifies DMRC from any claims that may arise from the statutory authorities in connection with this License. The present rate of GST is 18%. Any revision in the rates of GST shall also be applicable.
Taxes and Other Statutory Dues. All other statutory taxes, statutory dues, local levies, third party dues (i.e. electricity, water consumption charges etc.) as applicable shall be charged extra and shall have to be remitted along with the license fees for onward remittance to the Government. The successful bidder shall indemnify DMRC from any claims that may arise from the statutory authorities in connection with this tender document / license agreement.
Taxes and Other Statutory Dues. The property tax applicable, if any, on the property of Licensor shall be borne by the Licensor.
Taxes and Other Statutory Dues. 4.3.1. The Goods and Service tax and Advertisement Tax, as applicable if any, shall be borne by Licensee, in addition to the License Fee.
4.3.2. All other statutory taxes, statutory dues, local levies, payment of taxes/charges to local bodies as applicable (except those mentioned above) shall be charged extra and will have to be remitted along with the License Fees for onward remittance to the Government. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this License.
4.3.3. Revenue Sharing/Advertisement taxes with local authority/civic agency, if applicable/demanded, will be borne by the Licensee separately.
4.3.4. Payment of stamp duty on execution & registration of this agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee.
4.3.5. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Authority, then Authority shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of 18% (Eighteen percent) per annum. In addition, the Licensee shall pay as damages to the Authority 25% (Twenty Five Percent) of the sum total of amount paid by Authority and interest payable to Authority.
Taxes and Other Statutory Dues a. All other statutory taxes, statutory dues, local levies, GST, etc. as applicable from time to time shall be charged extra and shall be remitted along with the License Fee for onward remittance to the Government. The Licensee indemnifies Maha-Metro from any claims that may arise from the statutory authorities in connection with this License.
b. Payment of stamp duty for execution of license agreement, if any, shall be borne by licensee.
c. Taxes/Municipal Taxes if any, for the purpose of Train Wrapping shall be solely borne by Maha- Metro.
d. The licensee will not ask for any claim or compensation from Maha-Metro if the train wrapping is not permitted due to local laws/ action of civil authorities. The maintenance of all advertisement media/vinyls/stickers etc. will be borne by licensee.
e. At present, Maha-Metro is not liable to share its revenue generated from advertisements on Metro Trains (Train Wrapping) with local bodies. However, in future, if Maha-Metro becomes liable to share revenue with local bodies, Maha-Metro shall deposit the due share to local bodies out of its own funds. Licensee shall not be liable to part with any additional amount, on this account.
f. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of 18% (Eighteen percent) per annum. In addition, the Licensee shall pay as damages to the Maha- Metro 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro.
Taxes and Other Statutory Dues. 4.3.1. The applicable Goods and Service Tax (GST), Administrative charges/taxes imposed by NMC (if made applicable) etc. or any other taxes as applicable shall also be payable extra as made applicable from time to time.
4.3.2. All other statutory taxes, statutory dues, local levies, third party dues as applicable shall be charged extra and shall have to be paid directly by the Licensee and a copy of proof of payment should be deposited with Maha-Metro. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure will also be applicable.
4.3.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee.
4.3.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of 18% (Eighteen percent) per annum. In addition, the Licensee shall pay as damages to the Maha- Metro 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro.
Taxes and Other Statutory Dues. 5.7.1. The property tax applicable, if any, on the property of SSCL shall be borne by SSCL.
5.7.2. Goods & Service tax (GST), as applicable time to time, shall be borne by Licensee.
5.7.3. All other statutory taxes (including GST), statutory dues, local levies, as applicable shall be charged extra and shall have to be remitted along with the License Fees for onward remittance to the Government. The Licensee indemnifies SSCL from any claims that may arise from the statutory authorities in connection with this License for the License period if the same is raised by the concerned authorities in future.
5.7.4. Payment of all stamp duties required to execute this License Agreement shall be borne by Licensee.
