https://www.taxtmi.com/news?id=26196 Order directs refund of a substantial portion of bid and performance securities and liquidated damages withheld from MSMEs for contract defaults during the COVID-19 period, conditioned on MSME registration and original contract completion within the pandemic window. Refunds will bear no interest, liquidated damages refunds are limited by the contract's performance security, and debarments for such defaults must be revoked. Implementation and monitoring are to be conducted through the Government e-Marketplace with nodal officers verifying and processing claims. en-us Mon, 06 Feb 2023 18:07:46 +0530 Mon, 06 Feb 2023 18:07:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26196 Order directs refund of a substantial portion of bid and performance securities and liquidated damages withheld from MSMEs for contract defaults during the COVID-19 period, conditioned on MSME registration and original contract completion within the pandemic window. Refunds will bear no interest, liquidated damages refunds are limited by the contract's performance security, and debarments for such defaults must be revoked. Implementation and monitoring are to be conducted through the Government e-Marketplace with nodal officers verifying and processing claims. News - Mon, 06 Feb 2023 18:07:46 +0530 https://www.taxtmi.com/news?id=26196