Q
Request for quotations is used where the value is more than Rs. 100,000 but not exceeding:
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A
Rs. 1 million
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B
Rs. 3 million
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C
Rs. 2 million
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D
Rs. 500,000
Correct Answer:
D. Rs. 500,000
Explanation:
Rule 42(b)(i): three quotations from GST-registered firms, OEMs or authorized dealers; standard specifications; lowest price.