Dalmia Cement - 3999 Bags at Purnia Bihar

Specification

Item Id	933
Category	Dalmia Cement - 3999 Bags at Purnia Bihar
Manufacture name	Dalmia Cement Bharat Ltd.
Model name	Week No.: 27-2023
Model number	2023
Production date	05-Jul-2023
Location	Gulabbagh, Purnia, Bihar
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 350.00 / Pieces
Quantity	3999 Pieces
Sound Invoice Lot Value	Rs. 13,99,650.00
Reserve Price	Rs. 150.00 / Pieces
Reserve Price Lot Value	Rs. 5,99,850.00

Remaining Time

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

Expired

Details

Brief Material description & Qty – Dalmia Cement – 3999 Bags

Variety:

Week No.: 27-2023 : RR No.- 262003526	Bags	MT
Description	Bags	MT
Portland Composite Cement LPP TR	1916	95.8
INFRA PRO PPC NFR	1888	94.4
Dalmia DSP	195	9.75
Total	3999	199.95

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 Bag basis Inclusive of applicable GST/
taxes.

2.
The materials offered
are damaged goods under insurance claim hence being offered for sale on “Whatever there is” and “No complaint” basis and ‘after
defacement of damaged bags’’. 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.

3.
Deposits and Lifting:
After depositing 100% advance payment within 3 days H1 buyer 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 3-4 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. 20/-bag per day.

4.
Disposal of
salvage in presence of surveyor and defacement
of damaged bags and thoroughly checking of week no. while
disposing of damaged bags.

5.
Incidental charges: All
charges incidental to loading and lifting of material will be borne by the H1
Buyer.

6.
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.

7.
Participation /
Facilitation Fee = Rs. 500 + 18% GST = Rs. 590/-

8.
Information on
invoicing: Registered Vendors

9.
Information on Taxes
applicable: GST@28%

10. Additional information on usage of salvaged goods / Brand Clause
etc: No.

1.
The materials offered
are damaged goods under insurance claim hence being offered for sale on “Whatever there is” and “No complaint” basis and ‘after
defacement of damaged bags’’. 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.

1.
Earnest Money Deposit (
EMD) Information:

1.1. 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 in next 24 hours post to closure of
eAuction.

1.2. Interested buyers must pre-qualify themselves for participation in
the above auction, by paying a pre-bid amount / EMD of 1,00,000/-(One Lakh
Only) 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.

1.3. The pre-bid / EMD and eAuction form to be deposited in physical
form or electronic form (NEFT + scanned form of EMD) to the latest by previous
day of e-Auction.

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

1.4.1.
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.

1.4.2.
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. EMD holder to ensure the compliance.

1.4.3.
EMD of the H2 bidder
shall be normally retain for 10 days from the date of approval of
E-Auction. However please refer point no. 8.4.1 above.

1.4.4.

8.4.4.1
The status of H1 bidder will be upgraded/confirmed as H1 Buyer
after receipt of 10% EMD and 100% advance payment. He will be allowed lifting
after depositing 100% payment +EMD 10%

8.4.4.2
If the H1 bidder fails
to deposit 100% 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.

1.4.5.
The EMD of H1 bidder
will be adjusted once the complete payment is received by the seller and also complete
material is lifted by H1 bidder. Also adjustment will be done for fee and
expenses against EMD if the seller or MOA has not paid for the same.

1.4.6.
In case of “Buyer’s
Non-performance” the EMD may still be forfeited. Opportunity may be given to
H2.

1.4.7.
In case “Seller’s Non-performance”
the E-Auction may be cancelled with total cost to be recovered from seller. MOA
to decide the course of action.

1.4.8.
“Non-performance” may be
encountered wherever T&C of this document and seller NOC are breached. The
E-Auctioneer may decide on such cases under consultation of MOA. Some example
scenarios are as under:

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