Lot- 1 : Gray Cement (Full Stone/ Boulder) - 3275 Bags at Lucknow

Specification

Item Id	978
Category	Lot- 1 : Gray Cement (Full Stone/ Boulder) - 3275 Bags at Lucknow
Manufacture name	J K Cement
Model name	PPC & PPC W/S
Model number	2023
Production date	08-Sep-2023
Location	Chinhat, , Uttar Pradesh
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 360.00 / Pieces
Quantity	3275 Pieces
Sound Invoice Lot Value	Rs. 11,79,000.00
Reserve Price	Rs. 20.00 / Pieces
Reserve Price Lot Value	Rs. 65,500.00

Remaining Time

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

Expired

Details

Material Description:

Sr.no	Product Name	Qty (MT)	Qty (Bag)
1	PPC	473.75	9475
2	PPC W/S	40	800
Total		513.75	10275

Condition Breakup	Full Stone/ Boulder	Half Stone/Cobble & Pebbles
10275	3275	7000

Lot 1: (Full Stone/ Boulder – 3275 Bags)

Sound Invoice Rate: Rs. 360/- Approx. Per Bag

Reserve Rate: Rs. 20/- Per Bag

Incremental Bid: Rs. 2 per Bag

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 Bag basis inclusive of applicable GST/ taxes.

2. Deposits
and Lifting: After depositing 100% advance payment H1 shall be allowed
to start lifting and to clear the lot awarded to them. The seller has indicated
that the site can be cleared within a period within 20 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, Pan Card, Cancelled cheque copy

7. Information
on Taxes applicable: GST@ 28%

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

A.
GENERAL TERMS AND CONDITIONS

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.

. 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 within 24 hours of auction close.

1.2. Interested
buyers must pre-qualify themselves for participation in the above auction, by
paying a pre-bid amount / EMD of 1,50,000/-(One Lakh Fifty Thousand Only) 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.

8.4.4.1 The status of H1 bidder will be upgraded to
H1 Buyer after receipt of 10% EMD and 50% advance payment within 48 hours of
approval. He will be allowed for lifting after depositing additional 50% i.e. 100%
of the lot payment +EMD 10% that too in next 5 days.

8.4.4.2 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.

1.4.4. 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.

1.4.5. In case
of “Buyer’s Non-performance” the EMD may still be forfeited. Opportunity may be
given to H2.

1.4.6. 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.

1.4.7. “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:

Documents
Document 1 :
Document 2 :	New Auction participation form ().pdf

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