Section 20 in The Control and Management of Ferries Rules, 1968
20.
The person whose bid in the auction sale is accepted shall pay the purchase money if it exceeds Rs. 200 in the following instalments :One-fourth of the total bid money subject to a minimum of Rs. 200 within three days from the date of sale. But the 1st instalment shall be treated as provisional until the bid is finally accepted by the Secretary to the Government of Assam in the Transport Department.Balance or one-fourth of the total bid money whichever is less on or before the 1st June.Balance or one-fourth of the total bid money whichever is less on or before the 1st September.Balance or one-fourth of the total bid money whichever is less on or before the 1st December.These rules shall apply in case of ferry/ferries settled by calling for tenders with only the exception that the 1st instalment shall have to be deposited by the tenderer whose tender is accepted within seven days from the date of receiving orders for settlement.The 1st instalment of bid money paid by the bidder will be refunded to him by the Executive Engineer or Sub-divisional Officer, as the case may be, if the ferry is not finally settled by the Secretary to the Government of Assam in the Transport Department.
