Laminating Adhesive -16260 Kg


Item Id 824
Category Laminating Adhesive -16260 Kg
Manufacture name bfefuys
Model name Laminating Adhesive -16260 Kg
Model number 2022
Production date 30-Jun-2022
Location Netaji Bazar, Thane, Maharashtra
Market Maker
Sound Invoice Value Rs. 248.00 / Kg
Quantity 16260 Kg
Sound Invoice Lot Value Rs. 40,32,480.00
Reserve Price Rs. 110.00 / Kg
Reserve Price Lot Value Rs. 17,88,600.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / Kg
Incremental Bid / Kg
Next Minimum Bid / Kg


Laminating Adhesive- 16260 Kg.

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 Kg. basis Inclusive of applicable GST/ taxes

2.    Deposits and Lifting: After depositing 50% advance payment within 2 days of approval H1 bidder will be upgraded to H1 Buyer 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 7 to 10 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:

8.    Additional information on usage of salvaged goods / Brand Clause etc: Brand clause applicable (All the branding will be removed, only grade & expiry date will be kept)

9. 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 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 Rs. 2 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 compliance.

1.4.3.   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. 1.4.1 above.

1.4.4.       The status of H1 bidder will be upgraded to H1 Buyer after receipt of 10% EMD and 50% advance payment. He will be allowed lifting after depositing 100% of the lot payment +EMD 10%       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:

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.

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 50% of complete lot value in next 2 days to upgrade status from H1 bidder to H1 buyer.(3 Days)

3.    Pay another 50% of the complete lot in the 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.

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

Laminating Adhesive -16260 Kg Laminating Adhesive -16260 Kg Laminating Adhesive -16260 Kg
Document 1 : Auction participation form .pdf
Contact Salvage Manager about this items/lot.
Phone :Meenakshi Gupta -9625137014

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