Common use of Taxes and Penalties Clause in Contracts

Taxes and Penalties. 20.3.1 The Concessionaire shall have to pay all central/state/local govt. Taxes, cess and levies such as Non Agriculture Tax, Water Bills, Electric Bills, GST, Royalty etc. during the Concession Period. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for awarding the Project shall be recovered from the Concessionaire separately by Maha-Metro. 20.3.2 The annual property tax /municipal tax, as applicable, shall be paid by Concessionaire, on behalf of Maha-Metro during the term of this Agreement. 20.3.3 The Concessionaire shall be solely responsible to pay all applicable International Taxes and shall bear all cost and expenses for various compliances with respect to FEMA/FERA regulations. 20.3.4 Other charges as applicable and detailed in the Concession Agreement shall have to be borne by the Concessionaire.

Taxes and Penalties. 20.3.1 The Concessionaire shall have to pay all centralCentral/stateState/local Local govt. Taxes, cess and levies such as Non Agriculture Tax, Property Tax, Water Bills, Electric Bills, GST, Royalty etc. during the Concession Period. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for awarding the Project shall be recovered from the Concessionaire separately by Maha-Metro. 20.3.2 The annual property tax /municipal tax, as applicable, shall be paid by Concessionaire, on behalf of Maha-Metro during the term of this Agreement. 20.3.3 The Concessionaire shall be solely responsible to pay all applicable International Taxes and shall bear all cost and expenses for various compliances with respect to FEMA/FERA regulations. 20.3.4 Other charges as applicable and detailed in the Concession this Agreement shall have to be borne by the Concessionaire.

Taxes and Penalties. 20.3.1 20.4.1 The Concessionaire shall have to pay all central/state/local govt. Taxes, cess and levies such as Non Agriculture Tax, Water Bills, Electric Bills, GST, Royalty etc. during the Concession Period. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for awarding the Project shall be recovered from the Concessionaire separately by Maha-Metro. 20.3.2 20.4.2 The annual property tax /municipal tax, as applicable, shall be paid by Concessionaire, on behalf of Maha-Metro during the term of this Agreement. 20.3.3 20.4.3 The Concessionaire shall be solely responsible to pay all applicable International Taxes and shall bear all cost and expenses for various compliances with respect to FEMA/FERA regulations. 20.3.4 20.4.4 Other charges as applicable and detailed in the Concession Agreement shall have to be borne by the Concessionaire.

Taxes and Penalties. 20.3.1 The Concessionaire shall have to pay all central/state/local govt. Taxes, cess and levies such as Non Agriculture Tax, Property Taxes, Municipal Taxes, Water Bills, Electric Bills, GST, Royalty etc. during the Concession Period. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for awarding the Project shall be recovered from the Concessionaire separately by Maha-Metro. 20.3.2 The annual property tax /municipal tax, as applicable, shall be paid by Concessionaire, on behalf of Maha-Metro during the term of this Agreement. 20.3.3 The Concessionaire shall be solely responsible to pay all applicable International Taxes and shall bear all cost and expenses for various compliances with respect to FEMA/FERA regulations. 20.3.4 Other charges as applicable and detailed in the Concession Agreement shall have to be borne by the Concessionaire.