SAIL has fixed the landed cost of the desired material to be INR 13,505/MT. Landed cost includes set off (LCNS), which includes Basic Price, Excise Duty (ED), Sales Tax (ST) and Transportation Charges minus taxes & duties to the extent set off credit is available to the buyer, viz ED, CESS, VAT etc (VAT set off is 90% of KVAT).
According to source, SAIL has decided the landed cost of LAM coke to be INR 13,505/ MT equivalent to USD 204/MT. However, source indicated they are still negotiating with the participants. And, order with the participants bagging the tender will out positively by next week.
It should be noted that Visvesvaraya Iron & Steel Plant (VISL) , a pioneer in production of Pig iron, had floated a tender to buy 20,000 MT low ash metallurgical coke on FoR Bhadravati basis by road. Only indigenous coke manufacturer and PSU firms were allowed to participate in the tender.
For Tender details click here
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