Indus Tower Ltd.- DG Set - 10 Nos. & Other Material (SMPS-2 ; IPMS- 3; PIU- 3; PPC- 2)


Item Id 793
Category Indus Tower Ltd.- DG Set - 10 Nos. & Other Material (SMPS-2 ; IPMS- 3; PIU- 3; PPC- 2)
Manufacture name Indus Tower Ltd.
Model name DG Set and other material
Model number 2021
Production date 29-Dec-2020
Location Janla, Puri, Orissa
Market Maker
Sound Invoice Value Rs. 30,00,000.00 / LOT
Quantity 1 LOT
Sound Invoice Lot Value Rs. 30,00,000.00
Reserve Price Rs. 4,00,000.00 / LOT
Reserve Price Lot Value Rs. 4,00,000.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / LOT
Incremental Bid / LOT
Next Minimum Bid / LOT


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 Lot basis exclusive of applicable GST/ taxes

2.    Deposits and Lifting: After depositing 50% advance
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 10 to 15 working
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.    Documents required for invoicing: GST Certificate, Pan Card/
Adhaar Card, Cancelled Cheque, 
Red Passbook & CPCB /Hazardous Licence (for Batteries)

6.    Information on Taxes applicable: GST @18% + TCS @1% extra on bid amount.

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



E-Auctioneer reserves the right to reject any bid or bidder without assigning
any reason to any of the bidder

1.    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.

2.    Please note that the bidder's username (email) will be enabled
allowing the buyer to bid only if the above mentioned EMD and participation
charges along with participation form has been submitted within the
stipulated time and written confirmation is received.

3.    There is generally no guarantee for quality of offered goods
either by E-Auctioneer or by the seller, however it is the duty of the
seller to ensure the compliance
 as per offer made by them for the
quality & specification to match with the offer made.

5.    Lifting is to be made as per
instructions given by the Seller. Room having a smaller quantity of material is
to be lifted first, (IF so instructed by the Seller to MOA or E-Auctioneer or
H1 in writing). The H1 Buyer shall not be allowed to pick or choose or segregate
any particular item out of the lot sold by the seller at the time of delivery
of the lot. The H1 Buyer shall be bound to clear the entire lot as directed by
the seller on a clean sweep basis. 

    Earnest Money Deposit ( EMD) Information:

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.

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

3. EMD of the H2 bidder
shall be normally retained for 10 days from the date of approval of
E-Auction. However please 
refer to point no. 8.4.1 in auction participation form.

4.(4.1 ) 
The status of H1 bidder
will be upgraded to H1 Buyer after receipt of 10% EMD and 25% advance payment.
He will be allowed lifting after depositing additional 25% i.e. 50% of the lot
payment + EMD 10% .

4.2       If the H1 bidder fails to deposit minimum 25% payment (apart from
10% EMD) of the final bid value, within 2 days after he is declared H1
bidder, his EMD will be forfeited
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.

5. The EMD of H1 bidder will
be Refunded 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.

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

7.  “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:

1.    Delays in payments,

2.    Delays in lifting,

3.    Criminal or illegal activities,

4.    Intimidation of either party,

5.    Non adherence to the T&C of this document like “caveat
emptor”, “Special Conditions”, “force majeure”, etc 

6.    Partial “Non-performance” is also “Non-performance”.


Important TAT to be
followed by H1 Bidder: 

Duties of H1 Bidder:

1.    Pay/complete 10% EMD of Lot value within 24 hours of
communication received of winning bid.         (1 Day)

2.    Pay 25% of complete lot value in next 2 days to
upgrade status from H1 bidder to H1 buyer.         
    (3 Days)

3. Pay another 25% of complete lot in
next 3 days to start lifting of the goods    (3 days)   

4.    Plan & discuss the lifting, invoicing,
de-branding, taxes etc. in above 7 days with the seller.     
        (Total 7 days)

5.    Complete the process in the next 8 days.   
                (Total 15 days)

6.    Provide us copies of all invoices for our records so
that we may demand NOC & Process/issue of refund of 10% EMD.


Note: All days are working days,
holidays extra.


Indus Tower Ltd.- DG Set - 10 Nos. & Other Material (SMPS-2 ; IPMS- 3; PIU- 3; PPC- 2) Indus Tower Ltd.- DG Set - 10 Nos. & Other Material (SMPS-2 ; IPMS- 3; PIU- 3; PPC- 2)
Document 1 : Auction participation form.pdf
Contact Salvage Manager about this items/lot.
Phone :Meenakshi Gupta -9625137014

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