DALMIA CEMENT- 6650 BAGS AT FAIZABAD

Specification

Item Id	745
Category	DALMIA CEMENT- 6650 BAGS AT FAIZABAD
Manufacture name	Dalmia Cement Bharat Ltd
Model name	Portland Composite CMNT PP Konark LOW MRP
Model number	2021
Production date	10-Sep-2021
Location	Faizabad, Faizabad, Uttar Pradesh
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 325.00 / Pieces
Quantity	6650 Pieces
Sound Invoice Lot Value	Rs. 21,61,250.00
Reserve Price	Rs. 100.00 / Pieces
Reserve Price Lot Value	Rs. 6,65,000.00

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- Dalmia Cement (Portland Composite CMNT PP Konark LOW MRP)

Qty. – 6650 Bags

Week No.-37/2021

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 Bag 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. 100/- + 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. 1,00,000(One 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 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.

Wherever EMD held by E-Auctioneer, the EMD of H1 and H2 may be refunded by E-Auctioneer upon instructions of seller and MOA.

All charges incidental to loading and lifting of material will be borne by the Purchaser. It is assumed that prospective bidders have inspected the above salvage and acquainted themselves about the offered goods available for purchase, whether they have actually inspected the same or not. However, it is expected that the prospective bidders will inspect the salvage at site, before participating in eAuction. Any failure in doing inspection is not a liability of eAuction agency.

The Salvage Managers or the associated Loss Adjusters or Underwriters, being only the facilitators for disposal of salvage, have no knowledge about the specific trade requirements and shall bear no responsibility of any kind, in this regard of whatsoever nature.

The website www.salvagemanagers.com is maintained by external agency at external servers. Any problem while bidding or technological glitches/problems may occur accidentally and such problems will be dealt in order to complete the entire process smoothly. The surveyor’s decision in this regard will be final as they have appointed us to bring transparency in the system by e-Auctioning.

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