Fire DamageRapeseed Meal (Semi Burnt) -223 MT


Item Id 815
Category Fire DamageRapeseed Meal (Semi Burnt) -223 MT
Manufacture name M/s Gokul Agro Resources Ltd
Model name Rapeseed Meal (Semi Burnt) -223 MT
Model number 2022
Production date 01-Jun-2022
Location Anjar, Anjar, Gujarat
Market Maker
Sound Invoice Value Rs. 25,700.00 / MT
Quantity 223 MT
Sound Invoice Lot Value Rs. 57,31,100.00
Reserve Price Rs. 4,000.00 / MT
Reserve Price Lot Value Rs. 8,92,000.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / MT
Incremental Bid / MT
Next Minimum Bid / MT


Material description: Rapeseed Meal (Semi Burnt)

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:-

The materials offered are damaged goods under insurance claim
hence being offered for sale on “As is Where is”, “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.

Basis of sale: The sale of offered goods is Per MT basis
exclusive of applicable GST/ taxes

Deposits and Lifting: After depositing 50% advance payment H1
shall be allowed to start lifting and 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 uplifted and yet remaining at site.
The rates charged would be Rs. 1000 per MT per day.

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

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.

Participation / Facilitation Fee = Rs.500/- + GST

Information on invoicing: GST Certificate, Pan Card and Cancelled
cheque copy

Information on Taxes applicable: GST@ 5%

Additional information on usage of salvaged goods / Brand Clause
etc: NA

Lifting is to be made as per
instructions given by the Seller. Room having a smaller quantity of material is
to be lifted first, (IF so instructed by the Seller to MOA or E-Auctioneer or
H1 in writing). The H1 Buyer shall not be allowed to pick or choose or
segregate any particular item out of the lot sold by the seller at the time of
delivery of the lot. The H1 Buyer shall be bound to clear the entire lot as
directed by the seller on a clean sweep basis

Earnest Money Deposit ( EMD) Information:

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

Interested buyers must pre-qualify themselves for participation in
the above auction, by paying a pre-bid amount / EMD of Rs. 2,50,000/-(Two
Lakh Fifty Thousand Only)
by mode of RTGS to the following account along
with this E-Auction form duly filled & signed.

Technocrats Pvt. Ltd

no. 916020025588082, IFSC Code: UTIB0004770

Bank Limited. Sector- 27, Noida, U.P.

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.

The EMD will not attract any interest & will be dealt with as
per the procedure mentioned below:-

11.4.1. 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.

11.4.2. 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.

11.4.3. 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 IN PARTICIPATION FORM.


The status of H1 bidder will be upgraded to H1 Buyer after receipt
of 10% EMD and 25% advance payment within 24 hours of approval. He will be
allowed lifting after depositing additional 25% i.e. 50% of the lot payment+EMD

If the H1 bidder fails
to deposit minimum 25% payment (apart from 10% EMD) of the final bid value,
within 24 hours 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.

11.4.5. 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.

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

11.4.7. 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.

11.4.8. “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:

1.    Delays
in payments,

2.    Delays
in lifting,

3.    Criminal
or illegal activities,

4.    Intimidation
of either party,

5.    Non
adherence to the T&C of this document like “caveat emptor”, “Special
Conditions”, “force majeure”, etc 

6.    Partial
“Non-performance” is also “Non-performance”.


Wherever EMD held by E-Auctioneer,
the EMD of H1 and H2 may be refunded by E-Auctioneer upon instructions of
seller and MOA.

The E-Auctioneer reserves the right to reject any bid or bidder
without assigning any reason to any of the bidder


Fire DamageRapeseed Meal (Semi Burnt) -223 MT Fire DamageRapeseed Meal (Semi Burnt) -223 MT Fire DamageRapeseed Meal (Semi Burnt) -223 MT
Document 1 : Auction participation form.pdf
Contact Salvage Manager about this items/lot.
Phone :Meenakshi Gupta -9625137014

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