MDF Board –785 Pcs


Item Id 765
Category MDF Board –785 Pcs
Manufacture name Greenpanel Industries Ltd
Model name Green Panel MDF Ecolite-A Grade II
Model number 2021
Production date 20-Sep-2021
Location Talegaon Dhamdhera, Pune, Maharashtra
Market Maker
Sound Invoice Value Rs. 8,83,500.00 / LOT
Quantity 1 LOT
Sound Invoice Lot Value Rs. 8,83,500.00
Reserve Price Rs. 4,50,000.00 / LOT
Reserve Price Lot Value Rs. 4,50,000.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / LOT
Incremental Bid / LOT
Next Minimum Bid / LOT


Brief Material description- MDF Board (Green Panel MDF Ecolite-A Grade II)

Qty. – 785 Pcs

(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
 exclusive 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
 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

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
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.


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Contact Salvage Manager about this items/lot.
Phone :9625137014

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