Section 12 in Andhra Pradesh Panchayat Raj (Auction of sand in the water courses vesting in Gram Panchayat) Rules, 2000
12. Security Deposit.
- 25% of the upset price should be fixed as security deposit in case of those participating in the auction. The same amount shall be fixed as security deposit to be paid by persons filing the tenders. This amount shall be remitted through challan to the general funds of the Zilla Parishad.
