Voltas scraps items : Conductors, Cable / Wire, Insulators, Nuts & Bolts, Fuse Unit, etc

Specification

Item Id	661
Category	Voltas scraps items : Conductors, Cable / Wire, Insulators, Nuts & Bolts, Fuse Unit, etc
Manufacture name	Voltas ltd
Model name	scrap material - Conductors, Cable / Wire, Insulators, Nuts & Bolts, Fuse Unit
Model number	2020
Production date	02-Apr-2020
Location	Hasnabad, Alipore, West Bengal
Market Maker	meenakshi@salvagemanagers.com
Sound Invoice Value	Rs. 30,79,491.79 / LOT
Quantity	1 LOT
Sound Invoice Lot Value	Rs. 30,79,491.79
Reserve Price	Rs. 2,00,000.00 / LOT
Reserve Price Lot Value	Rs. 2,00,000.00

Remaining Time

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

Expired

Details

scrap material - Conductors, Cable / Wire, Insulators, Nuts & Bolts, Fuse Unit

Term & Condition of e-Auction:

Disposal
of the above material is being sold on‘ As Is Where Is’, ‘Whatever There Is’
and ‘No Complaint’ basis subject to the following condition:-

THE
RATE FOR PURCHASE OF OFFERED GOODS IS TO BE SUBMITTED ON TOTAL
AMOUNT ONLY” BASIS. ALL
APPLICABLE DUTIES, TAXES
AND GST are including.

The
sale of offered goods is per Lot basis.

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 the
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.

The
Purchaser (H1/H2) should remit 100% advance payment within 3-5 working
days of receipt of bank details/allotment order, from the insured/seller/auctioneer, failing
which their EMD will be forfeited.

The
Purchaser shall start lifting post to 100% advance payment, he shall
be allowed to clear the lot awarded to him from the site within a period
of 10 working days from the date of receipt of delivery order by him,
failing which he have to pay ground rent for the salvageable quantity
a per sellers T&C or minimum of Rs. 2,000/-day or Rs 1000/-MT for space
occupied by salvage material quantity.

The
Auctioneer reserves the right to reject any bid without assigning any reason to
the bidder

The
earnest money deposit will not attract any interest & dealt with as per the
Procedure mentioned below:-

.
In case of unsuccessful bidders, (H3 & Lower) EMD is refunded
immediately after adjusting facilitation fee of Rs. 100+GST but not later than
7-10 working days from the completion of eAuction process subject to the terms
and conditions mentioned herein and at the website.

• EMD
of the H2 bidder shall be retained for 10 days from the date of
approval of eAuction. If the H1 bidder failed to deposit payment within
3-5 days his EMD will be forfeited and H2 bidder has to honor the
deal at the H2 bid value within the aforesaid period of 3 days.
Failing to which his EMD too will be forfeited.

• The
EMD of H1 will be adjusted once the complete payment is received by
insured/seller and also complete material is lifted by the H1 bidder.
Also adjustment will be done for fee and expenses.

• Since
EMD is held by auctioneer. They are responsible for the return release
as well. Surveyor, Insurer or Insured has no role of EMD forfeiting/retention
for H3 & below. EMD of H1 & H2 is at the seller's description.

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