https://www.taxtmi.com/circulars?id=56249 The Order mandates procurement preference for suppliers meeting prescribed local content thresholds, defines local supplier, L1 and margin of purchase preference, and prescribes differentiated procedures for divisible and indivisible contracts: L1 receives award if local, otherwise quantities or contracts may be offered to local suppliers who match the L1 price within the margin of purchase preference. Default parameters set minimum local content at fifty percent and margin at twenty percent, require advance specification in tenders, self-certification and auditor verification for high-value procurements, and provide for debarment for false declarations. en-us Thu, 15 Jun 2017 00:00:00 +0530 Tue, 10 Oct 2017 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56249 The Order mandates procurement preference for suppliers meeting prescribed local content thresholds, defines local supplier, L1 and margin of purchase preference, and prescribes differentiated procedures for divisible and indivisible contracts: L1 receives award if local, otherwise quantities or contracts may be offered to local suppliers who match the L1 price within the margin of purchase preference. Default parameters set minimum local content at fifty percent and margin at twenty percent, require advance specification in tenders, self-certification and auditor verification for high-value procurements, and provide for debarment for false declarations. Circulars Indian Laws Thu, 15 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56249