Cakes (Semi Finished Good of Rayon Yarn)- 5.2 MT

Specification

Item Id	721
Category	Cakes (Semi Finished Good of Rayon Yarn)- 5.2 MT
Manufacture name	Cakes (Semi Finished Good of Rayon Yarn)- 5200 kg
Model name	Cakes (Semi Finished Good of Rayon Yarn)
Model number	2021
Production date	15-Jul-2021
Location	Sachin, Sachin, Gujarat
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 3,47,000.00 / MT
Quantity	5.2 MT
Sound Invoice Lot Value	Rs. 18,04,400.00
Reserve Price	Rs. 1,49,000.00 / MT
Reserve Price Lot Value	Rs. 7,74,800.00

Remaining Time

Ongoing Lot Bid	Rs. 0.00
Current Bid	Rs. 0.00 / MT
Incremental Bid	/ MT
Next Minimum Bid	/ MT

Expired

Details

Cakes (Semi Finished Good of Rayon Yarn)- 5200 Kg

Disposal of the above material is being “As is Where is”,
“Whatever there is” and “No complaint” basis, held on following special
conditions specific to this E-Auction:-

1. Basis
of sale: The sale of offered goods is Per MT basis exclusive of applicable
GST/ taxes

2. Deposits
and Lifting: After depositing 100% advance payment (apart from 10% EMD) of the final bid value within 3 to 5
working days, post to 100% payment shall be allowed to clear the
lot awarded to them. The seller has indicated that the site can be cleared
within a period of 7 to 10 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 un-lifted and yet remaining at site.
The rates charged would be Rs. 1000 per MT per day.

3. Incidental
charges: All charges incidental to loading, cutting 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. 1000/- + 18% GST

6. 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

7. Interested
buyers must pre-qualify themselves for participation in the above auction, by
paying a pre-bid amount / EMD of Rs. 50,000/-(Fifty
Thousand) by mode of RTGS to the following account along with this E-Auction
form duly filled & signed.

Adwiti Technocrats Pvt. Ltd

Account no. 916020025588082,

IFSC Code: UTIB0004770

Axis Bank Limited. Sector- 27, Noida, U.P.

8.
The pre-bid / EMD and eAuction form to be
deposited in physical form or electronic form (NEFT + scanned form of EMD) to the 8 business Hours in advance prior to
e-Auction.

9. Earnest
Money Deposit ( EMD) Information:

i.
EMD is always 10% of the final bid amount. To facilitate participation
of more buyers, we (E-Auctioneer and MOA) may allow participation at a lower
amount than mandatory 10%. However H1 is required to complete EMD amount before
lifting of material.

ii.
The EMD will not attract any interest & will be dealt with as
per the procedure mentioned below:-

iii.
Wherever EMD is held by us, we are responsible for the return
release. Seller or MOA has no role of EMD forfeiting/retention for H3 &
below. EMD of H1 & H2 is at discretion and instructions of the seller and
MOA.

iv.
In case of unsuccessful bidders, (H3 & Lower) EMD is refunded
immediately after adjusting the facilitation fee, but not later than 7-10
working days from the completion of the E-Auction process subject to the terms
and conditions mentioned herein and at the website.

v.
EMD of the H2 bidder shall be retained for 10 days from the date
of approval of E-Auction.

vi.
If the H1 bidder fails to deposit minimum 50% payment (apart from 10%
EMD) of the final bid value, within 3 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.

Contact Salvage Manager about this items/lot.
Phone :	Meenakshi Gupta- 9625137014
Email :	meenakshi@salvagemanagers.com