1401 Steam Rice - 11,250 Kg, lying at Sonipat
Specification
| Item Id | 806 |
| Category | 1401 Steam Rice - 11,250 Kg, lying at Sonipat |
| Manufacture name | Shivashakti Agro Pvt. Ltd. |
| Model name | 1401 Steam Rice |
| Model number | 2022 |
| Production date | 10-May-2022 |
| Location | Bahalgarh, Sonepat, Haryana |
| Market Maker | meenakshi@salvagemanagers.com |
| Sound Invoice Value | Rs. 75.00 / Kg |
| Quantity | 11250 Kg |
| Sound Invoice Lot Value | Rs. 8,43,750.00 |
| Reserve Price | Rs. 40.00 / Kg |
| Reserve Price Lot Value | Rs. 4,50,000.00 |
| Remaining Time |
| Ongoing Lot Bid | Rs. 0.00 |
| Current Bid | Rs. 0.00 / Kg |
| Incremental Bid | / Kg |
| Next Minimum Bid | / Kg |
Details
Brief Material description- 1401 Steam Rice
Damaged quantity – 11,250 Kg. (225 bags of avr, 50Kg. each)
A.
Special Conditions / Commercial Terms of
this E-Auction:
(These conditions
override or supplement general T&C of this participation form)
Disposal of the above material is being held on following special
conditions specific to this E-Auction:-
1. Basis
of sale: The sale of offered goods is Per Kg. basis exclusive of applicable
GST/ taxes
2. Deposits
and Lifting: After depositing 100% advance payment within 3 working days H1
shall be allowed to start lifting and clear the lot awarded to them. The seller
has indicated that the site can be cleared within a period of 5 to 7 working
days from the date of receipt of delivery order by H1. Any delay in doing
the same, H1 shall be liable to pay ground rent for the salvage quantity
uplifted and yet remaining at site. The rates charged would be Rs. 1000 per MT
per day.
3. Incidental
charges: All charges incidental to loading and lifting of material will be
borne by the H1 Buyer.
4. Dynamic
Time: The eAuction shall automatically extend by 05 MINUTES in case
someone enters a bid in the last one minute of the remaining time in closure of
auction. This shall continue indefinitely until no one bids in the last one
minute of the time remaining. Bids in dynamic time can be placed by 50% of
incremental bid value.
5. Participation
/ Facilitation Fee = Rs. 100 + GST
6. Information
on invoicing: GST certificate , cancelled cheque, Pan card/Adhaar Card copy
7. Information
on Taxes applicable: GST@0% & Tcs @ 0 % extra on bid value
8. The materials offered are damaged goods under insurance claim
hence being offered for sale on “As is Where is”, “Whatever there is” and “No
complaint” basis. No complaints whatsoever will be entertained after the bid is
made. The bidder is deemed to have inspected, examined reasonably and
satisfied himself as to all matters regarding condition, type, quality, and
quantity. Rule of “Caveat Emptor” applies strictly.
9. If the H1
bidder fails to deposit minimum 50% payment (apart from 10% EMD) of the final bid value, within 2 days
after he is declared H1 bidder, his EMD will be forfeited and H2
bidder will be upgraded to status of H1 and has to honour the deal at the H2
bid value with privileges and penalties of H1 bidder.
Duties of H1 Bidder:
1. Pay/complete
10% EMD of Lot value within 24 hours of communication received of winning bid.
(1 Day)
2. Pay Minimum 50% of
complete lot value within 2 days of approval to upgrade status from H1 bidder
to H1 buyer. (2 Days).
3. Pay another 50% of
complete lot in next 1 days to start lifting of the goods. (2 days).
4. Plan & discuss
the lifting, invoicing, de-branding, taxes etc. in above 3 days with the
seller.
5. Complete the
process in next 5 days.
Kindly refer the auction participation form for detailed auction terms.
| Documents | |
|---|---|
| Document 1 : | Auction participation form.pdf |
| Contact Salvage Manager about this items/lot. | |
|---|---|
| Phone : | Meenakshi Gupta -9625137014 |
| Email : | meenakshi@salvagemanagers.com |
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