MS Scrap – 65 MT at Kolhapur
|Category||MS Scrap – 65 MT at Kolhapur|
|Manufacture name||Insured-Shree Renuka Sugar Ltd.|
|Model name||(MS Light-35 MT, MS Heavy-30 MT)|
|Location||Ganga Nagar, Kolhapur, Maharashtra|
|Sound Invoice Value||Rs. 65.00 / 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|
|Ongoing Lot Bid||Rs. 0.00|
|Current Bid||Rs. 0.00 / Kg|
|Incremental Bid||/ Kg|
|Next Minimum Bid||/ Kg|
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
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:-
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.
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.
EMD will not attract any interest & will be dealt with as per the procedure
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.
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|