Water Damage Cotton Yarn - 10.831 MT


Item Id 994
Category Water Damage Cotton Yarn - 10.831 MT
Manufacture name M/s Yervik Hindustan Exports inc.
Model name Cotton Yarn
Model number 2023
Production date 26-Feb-2023
Location Mubarikpur, Rupnagar, Punjab
Market Maker meenakshi@salvagemanagers.com
Sound Invoice Value Rs. 1,85,000.00 / MT
Quantity 10.831 MT
Sound Invoice Lot Value Rs. 20,03,735.00
Reserve Price Rs. 80,000.00 / MT
Reserve Price Lot Value Rs. 8,66,480.00
Remaining Time
Ongoing Lot Bid Rs. 0.00
Current Bid Rs. 0.00 / MT
Incremental Bid / MT
Next Minimum Bid / MT


Brief Material description & Qty –Water Damage Cotton Yarn  - Approx. 10.830MT

Invoice Rate: Rs.1,85,000/- MT

Reserve Rate : Rs. 80,000/- MT (w/o GST)

Incremental Bid – Rs. 1000/- 

Special Conditions/Commercial Terms of this

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

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

2.    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
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 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 + GST

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

7.    Information
on Taxes applicable: GST@5%

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


1.    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.

Water Damage Cotton Yarn - 10.831 MT Water Damage Cotton Yarn - 10.831 MT Water Damage Cotton Yarn - 10.831 MT
Document 1 : Auction participation form.pdf
Contact Salvage Manager about this items/lot.
Phone :Meenakshi Gupta- 9625137014
Email :meenakshi@salvagemanagers.com

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