Indus Tower - SPSM - 6 Nos


Specification

Item Id 570
Category Indus Tower - SPSM - 6 Nos
Manufacture name M/s Indus Tower Ltd.
Model name SPSM - 6 Nos
Model number 2020
Production date 25-Jun-2020
Location Nelamangala, Bangalore, Karnataka
Market Maker mf.islam@salvagemanagers.com
Sound Invoice Value Rs. 4,500.00 / Pieces
Quantity 6 Pieces
Sound Invoice Lot Value Rs. 27,000.00
Reserve Price Rs. 1,600.00 / Pieces
Reserve Price Lot Value Rs. 9,600.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / Pieces
Incremental Bid / Pieces
Next Minimum Bid / Pieces
Expired

Details

SPSM - 6 Nos

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 ‘’ All applicable
GST/Taxes will be levies Extra
The sale
of offered goods is per Unit basis. 



DYNAMIC TIME: The e-Auction 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 will be placed by 50% of incremental bid value.



The Auctioneer reserves the right to reject any bid without assigning any reason
to the bidder. Auctioneer’s reserves the right to restart the e-Auction at
any stage.



The EMD of highest bidder/H1 will be refunded once
the complete payment is received by insured/seller and complete material is
lifted by highest bidder/H1 buyer.



EMD of the 2nd highest bidder shall be retained for 10 days from the date of
approval of eAuction and may be asked to honor the deal at the second highest
bid within the aforesaid period of 3days, failing of which his EMD will be
forfeited



Buyers Have To Inspect The Material Thoroughly And
Satisfy Themselves About The Nature, Hazardous/Explosive Properties, If Any,
Before Submitting The Bid. In Case They Come Across Any Material Beyond The
Scope Of The Description Of Material, It Should Be Informed To Seller/Auction
Agency. Auction Agency Will Not Be Responsible For Any Complaint In This
Regard.



The highest bidder shall submit Earnest Money
Deposit online in a/c of INDUS TOWERS and as per sale intimation letter within
7 days of e auction for SOLD lots. The EMD must be @10% of the net sale Value
quoted (excluding taxes &duties). Upon issue of the sale order the EMD
shall automatically be converted into Security Deposit. The Security Deposit as
specified in Sale Order shall be adjusted only at the time of final payment.



The quantity in actual may turn out to be more or
less than the estimated quantity. In the event of quantity turning out to be
more than the estimated quantity the buyer has to lift the allotted quantity
(+/-5%) by making payment to INDUS and proportionate service charge to
Auction  agency .In the event of actual
quantity turning out to be less than the estimated quantity, proportionate
amount and service charge will be refunded to buyer from INDUS and Auction
agency respectively after confirmation from INDUS .



PAYMENT PERIOD : The cost of each lot of materials
along with all taxes and duties must be paid by the buyer in EQUAL installment
as per table given below:



 




















Net sale value (excluding
of taxes/ duties) for each lot



No. of Instalments



Payment period counted
from date of letter of acceptance (including date of issue)



Up to & including Rs.
50 lacs.



1



7 days



ABOVE Rs. 50 lacs



2



07 days for first
instalment; 7 days for second instalment from last date of making balance
payment of 1st instalment




LATE PAYMENT PENALTY : If the payment is not made
within the free payment date mentioned in the Acceptance Letter, the payment
may be accepted on the discretion of Indus Towers up to a period of two weeks
from the last date of payment on payment of additional late payment penalty @
1% per week on the total sale value and thereafter on the sole discretion of
INDUS TOWER



DELIVERY PERIOD: The successful bidders shall lift
the all allotted material lying in the lot allotted to them by employing their
own labor and transport at their own cost within 14 days from the date of
Delivery Order (including date of issue) by Auction agency



Ground Rent @ 2 % per week or part there of beyond
14 Days will be levied and up to 2 weeks maximum, provided written request is
received before the expiry of 14 days free lifting period, if no such request
for extension is received, the sale order stands cancelled & security
deposit forfeited on completion of 14 days of free lifting period.



For lifting of waste oil, batteries, non-ferrous waste such as lead,
copper, zinc waste, e-waste etc, following certificate should made available
with the buyer at the time delivery:   
I) valid letter from the pollution control under air & water act.
II) Valid authorization from the appropriate authorities as per law for handing
of hazardous wastes under the hazardous wastes (Management & handling)
rules 1989. 

Indus Tower - SPSM - 6 Nos
Contact Salvage Manager about this items/lot.
Phone :Mr. Kamesh R - 9742281513
Email :meenakshi@salvagemanagers.com

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