MDF Board – 541 Pcs

Specification

Item Id	753
Category	MDF Board – 541 Pcs
Manufacture name	M/s Greenpanel Industries Ltd
Model name	MDF Board – 541 Pcs
Model number	2021
Production date	25-Sep-2021
Location	Rudrapur, Rudrapur, Uttaranchal
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 11,00,000.00 / LOT
Quantity	1 LOT
Sound Invoice Lot Value	Rs. 11,00,000.00
Reserve Price	Rs. 5,50,000.00 / LOT
Reserve Price Lot Value	Rs. 5,50,000.00

Remaining Time

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

Expired

Details

MDF Board (As per list anexure attached)

(These conditions override or supplement general T&C of this participation form)

Disposal of the above material is being “As is Where is”, “Whatever there is” and “No complaint” basis, held on following special conditions specific to this E-Auction:-

1. Basis of sale: The sale of offered goods is Per Lot basis inclusive of applicable GST/ taxes

2. Deposits and Lifting: After depositing 100% advance payment within 3-5 days H1 shall be allowed to start lifting. 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, cutting 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. 200/- + 18% GST

6. Information on invoicing: GST Certificate (3 Pages), Pan Card & Cancelled Cheque(Current Account)

7. Information on Taxes applicable: GST@18%

1. 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. 50,000/-( Fifty Thousand) 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 8 business Hours in advance prior to 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.

1.4.3. EMD of the H2 bidder shall be retained for 10 days from the date of approval of E-Auction.

1.4.4. If the H1 bidder fails to deposit minimum 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 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.

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