Cakes (Semi Finished Good of Rayon Yarn)- 72.876 MT


Specification

Item Id 720
Category Cakes (Semi Finished Good of Rayon Yarn)- 72.876 MT
Manufacture name Grasim Industries Limited, Unit: Indian Rayon
Model name Cakes (Semi Finished Good of Rayon Yarn)
Model number 2021
Production date 01-Jul-2021
Location Verable Rayon Factory, Junagadh, Gujarat
Market Maker meenakshi@salvagemanagers.com
Sound Invoice Value Rs. 2,94,000.00 / MT
Quantity 72.876 MT
Sound Invoice Lot Value Rs. 2,14,25,544.00
Reserve Price Rs. 1,46,000.00 / MT
Reserve Price Lot Value Rs. 1,06,39,896.00
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) 

Qty. – 72.876 MT 

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 25% advance payment (apart from 10% EMD)of the final bid value, H1
shall be allowed to start lifting and 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 15 to 20
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.
5,00,000/-(Five Lakh)
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 25% 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.



 

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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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