Decorative Laminates - 2953 Pcs


Specification

Item Id 657
Category Decorative Laminates - 2953 Pcs
Manufacture name Merino Industries Ltd,
Model name Decorative Laminates
Model number 2020
Production date 18-Nov-2020
Location Hapur, Hapur, Uttar Pradesh
Market Maker meenakshi@salvagemanagers.com
Sound Invoice Value Rs. 16,44,976.00 / LOT
Quantity 1 LOT
Sound Invoice Lot Value Rs. 16,44,976.00
Reserve Price Rs. 6,00,000.00 / LOT
Reserve Price Lot Value Rs. 6,00,000.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / LOT
Incremental Bid / LOT
Next Minimum Bid / LOT
Expired

Details

Decorative Laminates

Disposal of the above material is being sold on ‘As Is Where Is’, ‘Whatever There Is’ and ‘No Complaint’
basis 
subject to the following condition:-



 



THE RATE FOR PURCHASE OF OFFERED GOODS IS TO BE
SUBMITTED ON “
BASIC AMOUNT
BASIS 
ONLY ’’. GST will be
charged extra.



1.   The sale of offered goods is Per Lot basis exclusive of applicable taxes



3.    The Purchaser (H1/H2) should remit 100% advance
payment within 3-5 working days 
of receipt of bank details/allotment order, from the
insured/seller/auctioneer
failing which their EMD
will be forfeited.



4.    the Purchaser shall start lifting and Post to 100% payment he shall be allowed to clear the lot awarded to him from the site within
a period of
 10
working days 
from the date
of receipt of delivery order by him, failing which he have to pay
 ground rent for the salvageable quantity a per sellers T&C or minimum of
Rs. 2,000/-day or Rs 1000/-MT for space occupied by salvage material quantity.



a)    In case of unsuccessful bidders, (H3 & Lower) EMD is refunded
immediately after adjusting facilitation fee of Rs. 100+GST but not later than
7-10 working days from the completion of eAuction process subject to the terms
and conditions mentioned herein and at the website.



b)    EMD of the H2 bidder shall be retained for 10 days from
the date of approval of
eAuction. 
If the H1
bidder failed to deposit payment within 3-5 days his EMD will be forfeited
 and H2 bidder has to honor the deal at the H2 bid value within the aforesaid period of 3 days.
Failing to which his EMD too will be forfeited.



c)    The EMD of H1 will be adjusted once the complete payment is received by
insured/seller and also 
complete material is lifted by H1
bidder. Also adjustment will be done for fee and expenses.



 



d)    Since EMD is held by auctioneer.
They are responsible for the return release as well. Surveyor, Insurer or
Insured has no role of EMD forfeiting/retention for H3 & below. EMD of H1
& H2 is at seller’s description.



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.



 

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

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