Rice Paddy ( Dhan)-Approx 200 MT

Specification

Item Id	743
Category	Rice Paddy ( Dhan)-Approx 200 MT
Manufacture name	M/s Garg Agro Industries
Model name	Rice Paddy ( Dhan - P113)-Approx 200 MT
Model number	2021
Production date	05-Oct-2021
Location	BARUABAGH, , Uttrakhand
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 19,500.00 / MT
Quantity	200 MT
Sound Invoice Lot Value	Rs. 39,00,000.00
Reserve Price	Rs. 10,000.00 / MT
Reserve Price Lot Value	Rs. 20,00,000.00

Remaining Time

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

Expired

Details

Brief Material description - Rice Paddy (Dhan)

Variety – P113

Qty. – Approx. 200 MT (150 MT in Bags & 50 MT in loose)

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 MT basis Inclusive of applicable GST/
taxes

2. Deposits and Lifting: After approval highest
bidder have to deposit at least 50% advance payment 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 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. 100/- + 18% GST

6. 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

7. Interested buyers must
pre-qualify themselves for participation in the above auction, by paying a
pre-bid amount / EMD of Rs. 2,00,000/-(Two 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.

8. 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.

9. Earnest Money Deposit (EMD)
Information:

i. 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.

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

iii. 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.

iv. 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.

v. EMD
of the H2 bidder shall be retained for 10 days from the date of approval of
E-Auction.

vi. 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.

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

All charges incidental to loading
and lifting of material will be borne by the Purchaser. It is assumed that
prospective bidders have inspected the above salvage and acquainted themselves
about the offered goods available for purchase, whether they have actually
inspected the same or not. However, it is expected that the prospective bidders
will inspect the salvage at site, before participating in eAuction. Any failure
in doing inspection is not a liability of eAuction agency.

The Salvage Managers or the
associated Loss Adjusters or Underwriters, being only the facilitators for
disposal of salvage, have no knowledge about the specific trade requirements
and shall bear no responsibility of any kind, in this regard of whatsoever
nature.

The website www.salvagemanagers.com is maintained by
external agency at external servers. Any problem while bidding or technological
glitches/problems may occur accidentally and such problems will be dealt in
order to complete the entire process smoothly. The surveyor’s decision in this
regard will be final as they have appointed us to bring transparency in the
system by e-Auctioning.

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