• MS Barrels - 150 Nos MS Barrels - 150 Nos

MS Barrels - 150 Nos


Item Id 761
Category MS Barrels - 150 Nos
Manufacture name Aurum Pharmachem Pvt. Ltd
Model name MS Barrels - 150 Nos
Model number 2021
Production date 29-Nov-2020
Location Asuti, , West Bengal
Market Maker meenakshi@salvagemanagers.com
Sound Invoice Value Rs. 900.00 / Pieces
Quantity 150 Pieces
Sound Invoice Lot Value Rs. 1,35,000.00
Reserve Price Rs. 350.00 / Pieces
Reserve Price Lot Value Rs. 52,500.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / Pieces
Incremental Bid / Pieces
Next Minimum Bid / Pieces


Material Description: MS Barrels

Qty- 150 NOS

Building Plant & Machinery MS Scrap- 13 MT

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

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

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

 2.    Deposits
and Lifting: After depositing 100% advance payment within 5 to 7 working H1
shall be allowed to start lifting and allowed to clear the lot awarded to them.
The seller has indicated that the site can be cleared within a period of 10
to 15 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

1.2.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

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

1.4.4.   If
the H1 bidder fails to deposit 
50% payment
 (apart from
10% EMD) of the final bid value, 
3 days 
is declared H1 bidder, his EMD will be forfeited
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

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


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

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