MS Scrap – 65 MT at Kolhapur

Specification

Item Id	755
Category	MS Scrap – 65 MT at Kolhapur
Manufacture name	Insured-Shree Renuka Sugar Ltd.
Model name	(MS Light-35 MT, MS Heavy-30 MT)
Model number	2021
Production date	19-Nov-2020
Location	Ganga Nagar, Kolhapur, Maharashtra
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 65.00 / Kg
Quantity	65000 Kg
Sound Invoice Lot Value	Rs. 42,25,000.00
Reserve Price	Rs. 25.00 / Kg
Reserve Price Lot Value	Rs. 16,25,000.00

Remaining Time

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

Expired

Details

MS Scrap – 65,000 Kg. (MS Light-35,000 Kg, MS Heavy-30,000 Kg.)

Auction Time: 3 Pm. to 4 Pm

Reserve Rate: Rs. 25/- Kg. (Incl. GST)

Incremental Bid: Rs. 2/-Kg.

(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
KG basis inclusive of applicable GST/ taxes

2. Deposits and Lifting: H1 bidder may start
lifting After depositing 50%
advance payment (apart from 10% EMD) of the final bid
value within 3 days, 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 un-lifted 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.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