J K Cement - 29350 Bags at Mandideep Bhopal


Item Id 832
Category J K Cement - 29350 Bags at Mandideep Bhopal
Manufacture name JK Cement Ltd.
Model name Grey Cement
Model number 2022
Production date 19-Aug-2022
Location Raisen, Raisen, Madhya Pradesh
Market Maker meenakshi@salvagemanagers.com
Sound Invoice Value Rs. 410.00 / Pieces
Quantity 29350 Pieces
Sound Invoice Lot Value Rs. 1,20,33,500.00
Reserve Price Rs. 40.00 / Pieces
Reserve Price Lot Value Rs. 11,74,000.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / Pieces
Incremental Bid / Pieces
Next Minimum Bid / Pieces


Brief Material description- Grey Cement


Product Name

Qty (MT)

Qty in Bags






PPC - AD Star











(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 Bag basis Inclusive of applicable
GST/ taxes

2.    Deposits
and Lifting: After depositing 100 % advance payment H1 buyer 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 3-4 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. 20/-bag 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 + 18% GST = Rs. 590/-

6.    Information
on invoicing: Registered Vendors

7.    Information
on Taxes applicable: GST@28%

8.    Additional
information on usage of salvaged goods / Brand Clause etc: No.

The materials offered are damaged goods under
insurance claim hence being offered for sale on
“Without of Brand”, “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.

Earnest Money Deposit ( EMD) Information:

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 in next 24 hours
post to closure of eAuction.

Interested buyers must pre-qualify themselves for participation in
the above auction, by paying a pre-bid amount / EMD of 2 Lakh by mode of
RTGS to the following account along with this E-Auction form duly filled &

Technocrats Pvt. Ltd

no. 916020025588082, IFSC Code: UTIB0004770

Bank Limited. Sector- 27, Noida, U.P.

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.

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.

status of H1 bidder will be upgraded/confirmed as H1 Buyer after receipt of 10%
EMD and 50% advance payment. He will be allowed lifting after depositing 50%  payment +EMD 10%      
If the H1 bidder fails to deposit 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.


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:

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”.

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

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

For detailed t&c kindly refer auction participation form

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Document 1 : Auction participation form .pdf
Contact Salvage Manager about this items/lot.
Phone :Meenakshi Gupta -9625137014
Email :meenakshi@salvagemanagers.com

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