Green Ply _ Burma Teak- 694 Pcs

Specification

Item Id	826
Category	Green Ply _ Burma Teak- 694 Pcs
Manufacture name	Grenply Industries Ltd.
Model name	Green ply Burm Teak
Model number	2022
Production date	20-Jun-2022
Location	Raipur Ganj, Raipur, Chhattisgarh
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 14,31,608.00 / LOT
Quantity	1 LOT
Sound Invoice Lot Value	Rs. 14,31,608.00
Reserve Price	Rs. 9,75,000.00 / LOT
Reserve Price Lot Value	Rs. 9,75,000.00

Remaining Time

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

Expired

Details

Brief Material description-

Burma Teak NY Grade-04.00 MM	253 Pcs
Burma Teak Prime-Grp..Match-04.00 MM	441 Pcs
Total	694 Pcs

(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 for Per Lot basis inclusive of applicable GST/ taxes

2. Deposits
and Lifting: After depositing 100% advance payment within 4 working days H1
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 5 to 7 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. 1000 per MT
per day.

3. Incidental
charges: All charges incidental to loading 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. 500 + GST

6. Information
on invoicing: GST certificate, cancelled cheque, Pan card/Adhaar Card copy

7. Information
on Taxes applicable: GST@18%

8. Additional
information on usage of salvaged goods / Brand Clause etc: NA

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

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 before lifting of
material.

1.2.
Interested buyers must pre-qualify themselves for participation in
the above auction, by paying a pre-bid amount / EMD of 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.

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. If the H1
bidder fails to deposit minimum 50% payment (apart from 10% EMD) of the final bid value, within
2 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