Mustard Oil in loose condition – 15630.17 Kg.

Specification

Item Id	969
Category	Mustard Oil in loose condition – 15630.17 Kg.
Manufacture name	Emami Agrotech Ltd.
Model name	Mustard Oil - 15630.17 Kg. at Gorakhpur UP
Model number	2023
Production date	07-Oct-2023
Location	Alahdadpur, Gorakhpur, Uttar Pradesh
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 97,000.00 / MT
Quantity	15.630 MT
Sound Invoice Lot Value	Rs. 15,16,110.00
Reserve Price	Rs. 64,000.00 / MT
Reserve Price Lot Value	Rs. 10,00,320.00

Remaining Time

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

Expired

Details

Material Description; Mustard Oil 15630.17 Kg. (3373 Kg. in Drums & 12257.17 Kg in Pouches)

1	HBC SBO 15 LTR TIN_2021	292	In drums
2	HBC SBO 4.475 Kg Jar (1x4)	225	In drums
3	HBC SBO 895 G Pouch (1x12)	142.84	Pouches
4	HBC RPO 15 KG TIN	2856	In drums
5	HBC RPO 890 G Pouch (1x12)	8238.55	Pouches
6	HBC RPO 445 G Pouch (1x24)	3875.77	Pouches
	TOTAL	15,630.2

Invoice Rate: Rs. 97,000/- per MT.

Reserve Rate: Rs. 64,000/- Per MT

Incremental Bid: Rs. 500/-

Note:

1. All materials will be salvaged on a loose basis i.e. pouches/tins will be cut and only the oil will be handed over.

2. Salvage buyer should give a declaration on their letter-head that he will not use the oil for human consumption.

3. Salvage buyer should arrange the barrel and drums at his own cost to lift the loose oil.

4. Salvage buyers should provide for the labour to cut the pouches/tins/jars etc.

A.
Special Conditions/Commercial Terms of this
E-Auction:

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

Disposal of the above
material is being held on following special conditions specific to this
E-Auction:-

1. Basis
of sale: The sale of offered goods for Per MT basis exclusive of applicable GST/ taxes

2. All materials will be salvaged on a
loose basis i.e. pouches/tins will be cut and only the oil will be handed over.

3. Salvage buyer should give a
declaration on their letter-head that he will not use the oil for human consumption.

4. Salvage buyer should arrange the
barrel and drums at his own cost to lift the loose oil.

5.
Salvage buyers should provide for the labour
to cut the pouches/tins/jars etc.

6. Deposits
and Lifting: After depositing 100% advance payment within 3 working days H1
shall be allowed to start lifting and clear the lot awarded to them. The seller
has indicated that the site can be cleared within a period of 5 to 7 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.

7. Incidental
charges: All charges incidental to loading and lifting of material will be
borne by the H1 Buyer.

8. 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.

9. Participation/Facilitation
Fee = Rs. 100 + GST

10. Information
on invoicing: GST certificate, cancelled cheque, Pan card/Adhaar Card copy

11. Information
on Taxes applicable: GST@5%

12. Additional
information on usage of salvaged goods / Brand Clause etc.: Applicable

A.
GENERAL TERMS AND CONDITIONS

1. The
materials offered are damaged goods under insurance claim hence being offered
for sale on “Without of Brand / in Loose condition”, “Whatever there is” and
“No complaint” basis. No complaints whatsoever will be entertained after the
bid is made. The bidder is deemed to have inspected, examined reasonably and
satisfied himself as to all matters regarding condition, type, quality, and
quantity. Rule of “Caveat Emptor” applies strictly.

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-qualifying themselves for participation in the above auction,
by paying a pre-bid amount / EMD of Rs.
1,00,000/-(One Lakh Only) 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 latest by previous day of 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. EMD holder to ensure the compliance.

1.4.3. EMD of
the H2 bidder shall be normally retain for 10 days from the date of approval of
E-Auction. However please refer point no. 8.4.1 above.

1.4.3.1. The status of H1 bidder will be upgraded to
H1 Buyer after receipt of 10% EMD and 50% advance payment within 24 hours. He
will be allowed lifting after depositing additional 50% i.e. 100% of the lot
payment +EMD 10%

1.4.3.2. If the
H1 bidder fails to deposit minimum 50% payment (apart from 10% EMD) of the
final bid value, within 24 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.

1.4.4. The EMD
of H1 bidder 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.

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

1.4.6. In case
“Seller’s Non-performance” the E-Auction may be cancelled with total cost to be
recovered from seller. MOA to decide the course of action.

1.4.7. “Non-performance”
may be encountered wherever T&C of this document and seller NOC are
breached. The E-Auctioneer may decide on such cases under consultation of MOA.
Some example scenarios are as under:

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