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64228
Lot No: 01
Lot Name: MS SCRAP
Lot No: 02
Lot Name: C.I. Scraps
Lot No: 03
Lot Name: Bearing Scrap
Lot No: 04
Lot Name: Old Shaft Roller 5 nos
Lot No: 05
Lot Name: Old Shaft Shell 5 nos
Lot No: 06
Lot Name: Empty Barrels
Lot No: 07
Lot Name: Plastic cans
Lot No: 08
Lot Name: Old Typewriter machine
Lot No: 09
Lot Name: Tyres
Lot No: 10
Lot Name: Tubes
Auction Details
Auction No MSTC/SRO/Thiruttani Co-operative Sugar
Mills/1/thiruvelangadu/13-14/2883[64228]
Opening Date & Time 19-06-2013::11:00:00
Closing Date & Time Scheduled Time 19-06-2013::16:30:00
Closed At 19-06-2013::16:30:00
Inspection From Date 06-06-2013
Inspection Closing Date 18-06-2013
Seller Details
Seller/Company Name Thiruttani Co-operative Sugar Mills
Location thiruvelangadu
Street Thiruvelangadu And Post
City Tiruttani - 631210
Country INDIA
Telephone 04427872236
Fax 04427872251
Email [email protected]
Contact Person G.Narayanasamy
LOT NO[PCB GRP]/LOT NAME LOT DESC QUANTITY ED/(ST/VAT)
LOCATION
MS SCRAP 25 MT 12.36 / 5% Tiruttani Co-op. Sugar Mills,
Thiruvalangadu 631210 State :Tamil Nadu
C.I. Scraps 5 MT 12.36 / 5% Tiruttani Co-op. Sugar Mills,
Thiruvalangadu 631210 State :Tamil Nadu
Old Bearing Scrap 0.5 MT 12.36 / 5% Tiruttani Co-op. Sugar
Mills, Thiruvalangadu 631210 State :Tamil Nadu
Old Shaft Roller 5 nos 16 MT 12.36 / 5% Tiruttani Co-op. Sugar
Mills, Thiruvalangadu 631210 State :Tamil Nadu
Old Shaft Shell 5 nos 15 MT 12.36 / 5% Tiruttani Co-op. Sugar
Mills, Thiruvalangadu 631210 State :Tamil Nadu
Oil Empty Barrels 130 NO 12.36 / 5% Tiruttani Co-op. Sugar
Mills, Thiruvalangadu 631210 State :Tamil Nadu
Plastic cans 250 Nos 1 LOT 12.36 / 5% Tiruttani Co-op. Sugar
Mills, Thiruvalangadu 631210 State :Tamil Nadu
Old Typewriter machine 5 nos 1 LOT As Applicable / 5% Tiruttani
Co-op. Sugar Mills, Thiruvalangadu 631210 State :Tamil Nadu
Old bus, lorry, jeep Tyres 1 LOT As Applicable / 5% Tiruttani
Co-op. Sugar Mills, Thiruvalangadu 631210 State :Tamil Nadu
Damaged Old Vehicle Tubes 1 LOT As Applicable / 5% Tiruttani
Co-op. Sugar Mills, Thiruvalangadu 631210 State :Tamil Nadu
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Lot No: 11
Lot Name: Old Hot Oven
Lot No: 12
Lot Name: Old Steel Drum
Lot No: 13
Lot
Name:
Precession 30 MT Weighing Machine dialguage
only
Lot No: 14
Lot Name: Old Uncondition hero Majestic
Lot No: 15
Lot Name: Old Telephone Instruments - 40 Nos
Lot No: 16
Lot Name: Old Wireless box
Lot No: 17
Lot Name: Damaged Gunny bags
Lot No: 18
Lot Name: Wrapper Gunnies
Lot No: 19
Lot Name: Old Bale Thagadu(sheet)
Lot No: 20
Lot Name: Barrels
Lot No: 21
Lot Name: Old Brass Tubes
Lot No: 22
Lot Name: Stiching Machine Head
Lot No: 23
Lot Name: Old Electrical Spares
Old Hot Oven 1 NO 12.36 / 5% Tiruttani Co-op. Sugar Mills,
Thiruvalangadu 631210 State :Tamil Nadu
Old Steel Drum 3 Nos 1 LOT As Applicable / 5% Tiruttani Co-op.
Sugar Mills, Thiruvalangadu 631210 State :Tamil Nadu
Precession 30 MT Weighing machine dialguage only 2 Nos 1 LOT
12.36 / 5% Tiruttani Co-op. Sugar Mills, Thiruvalangadu 631210
State :Tamil Nadu
Old Uncondition hero Majestic TDH 7435 1 NO As Applicable / 5%
Tiruttani Co-op. Sugar Mills, Thiruvalangadu 631210 State :Tamil
Nadu
Old Telephone Instruments ( not use) - 40 Nos 1 LOT As
Applicable / 5% Tiruttani Co-op. Sugar Mills, Thiruvalangadu 631210
State :Tamil Nadu
Old Wireless box - make elcot - 11 Nos 1 LOT As Applicable / 5%
Tiruttani Co-op. Sugar Mills, Thiruvalangadu 631210 State :Tamil
Nadu
Damaged Gunny bags - 3553 Nos 1 LOT As Applicable / 5% Tiruttani
Co-op. Sugar Mills, Thiruvalangadu 631210 State :Tamil Nadu
Wrapper Gunnies 2 MT As Applicable / 5% Tiruttani Co-op. Sugar
Mills, Thiruvalangadu 631210 State :Tamil Nadu
Old Bale Thagadu(sheet) 2.5 MT As Applicable / 5% Tiruttani
Co-op. Sugar Mills, Thiruvalangadu 631210 State :Tamil Nadu
Empty Plastic ( 200 Litr. ) Oil Barrels 10 NO 12.36 / 5%
Tiruttani Co-op. Sugar Mills, Thiruvalangadu 631210 State :Tamil
Nadu
Old Brass Tube 2.63 MT 12.36 / 5% Tiruttani Co-op. Sugar Mills,
Thiruvalangadu 631210 State :Tamil Nadu
Stiching Machine Head - 4 Nos 1 LOT 12.36 / 5% Tiruttani Co-op.
Sugar Mills, Thiruvalangadu 631210 State :Tamil Nadu
Old Electrical Spares 1 LOT 12.36 / 5% Tiruttani Co-op. Sugar
Mills, Thiruvalangadu 631210 State :Tamil Nadu
Total No of Lots = 23
Special Terms & Conditions
IMPORTANT: THE MATERIAL LIST & STC DISPLAYED UNDER VIEW
FORTHCOMING AUCTIONS ON MSTC'S EAUCTION WEBSITEARE TENTATIVE AND
SUBJECT TO CHANGE AT THE SOLE DISCRETION OF MSTC/PRINCIPAL BEFORE
THE START OF EAUCTION.BIDDERS SHOULD, THEREFORE, DOWNLOAD THE
MATERIAL LIST AND STC DISPLAYED ONLY UNDER VIEW LIVE AUCTIONS
FORTHEIR RECORD PURPOSE, IF REQUIRED, AND BID ACCORDINGLY.
This sale is also governed by GENERAL TERMS &
CONDITIONS(GTC) and BUYER SPECIFIC TERMS & CONDITIONS(BSTC).
ThisSPECIAL TERMS & CONDITION(STC) supersedes GTC and BSTC.
MSTC shall have the right to issue addendum to the GTC orBSTC or
STC to clarify, amend, modify, supplement or delete any of the
conditions, clauses or items stated therein and theAddendum so
issued shall form a part of the original STC
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Contact Details (MSTC Ltd.):- V.GANESA MOORTHY, ASSISTANT
MANAGER, Ph: 044 - 25219004 / 25222842 / 25231584, Fax:044 -
25220091, (e-Mail:- [email protected] )
CONTACT PERSON (Sugar Mill): Shri. G.Narayanasamy
1) INSPECTION OF LOT/ EAUCTION DATE : For inspection of
materials, the seller/company name, date of commencement
ofinspection, name of contact official with their contact details
are as mentioned above. The e-auction commencement date/closing
date are also as mentioned above. The buyer has to satisfy himself
about the quality quantity, age, condition etc of thematerials. The
registered Parties (or their Authorized Representative) should
produce their e-Auction Photo ID Card to theSeller or produce a
copy of this e-Auction Catalogue downloaded from the Website.
2) EAUCTION RESULT/STATUS : It must be personally seen by the
Bidders online through the link Auction Lot Status
immediately after closing of e-Auction which will be displayed
up to 7 (Seven) days from the date of Closing of
e-Auction(excluding the date of closing of e-Auction) and payment
of Post-Bid EMD/SD must be made accordingly. Immediately
afterclosing of e-Auction, a system generated automatic Sale
Intimation Letter will be issued by e-mail to the Successful
Bidder. Thebidders must always keep their registered email account
valid, failing which bidders will be liable for non-compliance
ofpayment/delivery instructions if issued by MSTC/SELLER from time
to time.
3) PAYMENT OF EMD/SD: SD payable within 7 (Seven) calendar days
from the date of closing of e-auction. The bidder has todeposit SD
equivalent to 25% of quoted Basic value of the confirmed lots and
10% of the basic value of the STA lots in theform of DEMAND DRAFT
drawn in favour of "Tiruttani Co-op Sugar Mills Ltd" payable at
Tiruttani on any scheduled bank Non-payment will result in
automatic deactivation of Bidders Password. Although immediately
after closing of e-Auction, a systemgenerated automatic Sale
Intimation Letter will be issued by e-mail to the Successful Bidder
it must be noted by the Biddersthat such Sale Intimation Letter
will be issued by MSTC only for the purpose of record and payment
of Post-Bid EMD/SD willhave to be made within the stipulated time.
Bidders must, therefore keep a watch on their incoming e-mail. No
hard copy of theSale Intimation Letter (on Confirmed or STA basis)
will be issued by MSTC. Pre and Post-Bid EMD/SD are adjustable
towardsmaterial value.
4) DEFAULT IN PAYMENT OF EMD/SD In case the successful Bidder
fails to pay post bid EMD/SD, their pre-bid EMD, if any, willstand
forfeited automatically, besides de-activation of their login. If
the last date of payment happens to be the Bank/MSTC
Holiday, the payment will be accepted on the next day. b)Rate of
EMD/SD : Post-Bid EMD/SD will be @ 25% of the Sale Valuefor Lots
Sold on Confirmed basis and 10 % for the Lots under STA Basis. c)
Post-Bid EMD/SD by way of PO / DD of anyScheduled Bank in favour of
the seller must be submitted to MSTC, or any office of MSTC (see
details of MSTC's Regional /Branch Offices on MSTC's Website). EMD
/ SD will be adjusted against the material value.
5)PAYMENT OF BALANCE SALE VALUE WITH TAXES AND DUTIES :In case
of sold / confirmed lots the buyer will have to depositbalance
material value within 15 (Fifteen) calendar days from the date of
closing of the e-auction and in case of lot acceptedon STA basis
the balance payment has to be made within 7 (Seven) calendar days
from the date of Sale Order, in the form ofDEMAND DRAFT as per the
following manners.
(i) 3.9326% of the material value to be paid in favour of MSTC
Limited, by way of DD / PO, payable at CHENNAI.
(ii) 71.0674% of the Material value for accepted lots or
86.0674% for STA lots, alongwith Applicable VAT, TCS@ 1% on
Grossmaterial value should be paid by way of DD/PO in f/o
"Tiruttani Co-op Sugar Mills Ltd" payable at Tiruttani
It must be noted by the Bidders that such Sale order/acceptance
Letter will be issued by MSTC only for the purpose of recordand
payment of balance sale value along with taxes and duties must be
made within the above specified time. If the last dateof payment
happens to be the Bank/MSTC Holiday, the payment will be accepted
on the next working day without late paymentcharge.
6)DEFAULT IN PAYMENT OF BALANCE PAYMENT: In case of default in
payment of the balance Sale Value within the prescribedtime limits,
the due payment may be made together with late payment charges @ 1%
per week or part thereof calculated onthe balance Sale Value for a
minimum period of two weeks. However, this shall not confer any
right to the Bidder to make anyLate Payment of Balance Sale Value
or applicable Duties and Taxes and MSTC/Seller reserves the right
not to accept thepayment of the Balance Sale Value with or without
additional charges after expiry of due payment time as mentioned
above. Ifthe buyer fails to pay the balance material value along
with applicable Duties and Taxes & late payment charges within
abovementioned due date, then Pre-& Post bid EMD/SD of
particular lot will stand forfeited automatically.
Besides above, MSTC/Seller reserves the right to forfeit any
amount/money lying with MSTC/Seller from the successful Bidderwho
defaults in making the due payments against the e-Auction even
though such amount/money may be lying withMSTC/Seller on account of
the said Bidder against any other contract/transaction
7)DELIVERY ORDER : On receipt of balance payment towards sale
value along with taxes and duties, delivery order will beissued
indicating the delivery period as under : The period of delivery
will be 30 calendar days counted from the date ofissuance of Sale
Acceptance Letter. If the last date of delivery happens to be the
closed Holiday for sellers, the delivery will beallowed on the next
day without ground rent.
8)DELIVERY OF MATERIAL For the purpose of taking delivery from
the Seller's Location/Depot/Plant, the authorised
representative of the Buyer i.e. the authorized Photo ID Card
Holder should report to the Seller along with his original Photo
IDCard or the said Photo ID Card Holder may depute any other
Representative along with Authority Letter on Buyers
Letter-Headafter duly attesting the signature of his Representative
along with a Self Certified/Notarised Photocopy of his Photo ID
Card.The successful Bidder/Buyer must take prior permission from
the principal before placement of vehicle for taking delivery
ofmaterial.
9)DEFAULT IN DELIVERY : In case of delay in lifting beyond the
above specified period, ground rent @ 1% or part thereof up toa
period of 2 weeks will be charged by the seller in advance. In case
the delay is beyond 2 weeks, the seller will have theoption to
grant further extension, in exceptional cases with/without
additional ground rent, depending upon the circumstancesfor such
delay or forfeit the entire amount paid towards this lot at their
sole discretion.
10) In case of any dispute regarding payment/delivery or any
other matter relating to this e-auction, the decision ofMSTC/SELLER
shall be final
11) ARBITRATION: In the event of any dispute and/or difference
arising between the Purchaser /Buyer and/or theirAgent/Seller as to
the construction, interpretation and or execution of the contract
and/or execution of the contract and/or
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the respective rights and liabilities of the parties, such
disputes and/or differences shall be referred to the Sole
Arbitration ofthe Chief Executive of the Principal for a Company
registered under the Companies Act. in case of a PSUs; the Head of
theDepartment in case of a Govt. Department. Ordnance Factory Board
Units/Defence Units, who may act himself or nominate inhis stead
any officer subordinate to him or of MSTC being not below the rank
of General Manager/Director in the Govt. Dept.who shall act as the
Sole Arbitrator. The provisions of the Indian Arbitration Act.
1995, and the Rules there under shall apply tosuch Arbitration The
award passed by such Sole Arbitrator shall be final and shall
conclusively bind all the parties
12.BLACK-LISTING: The Seller and/or MSTC reserve the right to
black-list, debar any bidder/buyer due to any act of omissionor
commission or fraudulent acts indulged or caused to be indulged by
such bidder/buyer in the course of bidding processand/or in the
execution or performance of any of the contracts which may be
awarded to the bidder/buyer pursuant to thee-auction, provided
however, that the Seller and/or MSTC shall be obliged to allow an
opportunity of being heard to such
bidder/buyer before any order of black-listing/debarment could
be passed. Any such order of black listing/debarment thatmay be
passed by the Seller and/or MSTC shall be without prejudice to
other right of actions available to the seller and/orMSTC against
the bidder/buyer under the e-auction terms and conditions
13) GENERAL : a) VALIDITY OF BIDS: All the bids will be valid
for 30 thirty days including from the date of Sale Order. In
casethe 30th day falls on a holiday or remains closed for MSTC,
such Bids will be deemed to be automatically extended to be
validupto the next working day of MSTC. b) PERIOD OF CONTRACT: Up
to the validity period of the Delivery Order issued byMSTC/Seller
or up to the extended period of validity of the Delivery
Order/Release Order in case the Delivery period isextended by the
Seller. c)Confirmation of sale on confirmed basis/STA basis : After
closing of e-Auction, in case the Highest Bidis equal to or more
than the Reserve Price, the respective Lot will be deemed to be
Sold on CONFIRMED basis, whereas if theHighest Bid is less than the
RP but equal to or more than the lower limit of the RP, then such
Highest Bid will be deemed to beProvisionally Sold on SUBJECT TO
APPROVAL (STA) basis for which status will be available at the
website as indicated above.For lot sold on provisional under STA
basis, final online approval or otherwise will be made by the
principal and automaticemail intimation will be issued to the
bidder within the validity of their offer which shall be 10
calendar days from the date ofissue of email intimation(excluding
the date of issue). d) CAUTION IN SUBMISSION OF BID : The Bidder
shall be solelyresponsible for all consequences arising out of the
bid submitted by him (including any wrongful bidding by him) and
nocomplaint/representation will be entertained by MSTC/Seller in
this regard. Hence Bidders must be careful to check (the
BidAmount/No. Of 0/No.of Digits/Unit of Measurement etc.) and
rectify their bid (if required) before submitting their Bid into
thelive e-Auction floor by clicking the 'Bid Button. In case of any
bid being equal to or more than 5 (five) times the current
Highest
Bid for a particular Lot, this will be displayed by way of a
WARNING on the Bidder's screen before he confirms/submits the
bid.There is no provision for putting Bids in decimals. During Live
Auction, only brief Lot/Item details will be shown under LotName on
the Auction Floor where Bidders are required to bid. The complete
Item Details can be seen by the Bidders by clickingon the
respective Item hyperlinked under Lot Name and it shall be the
responsibility of the Bidders to see the Item Detailsbefore bidding
and no representation / complaint in this regard will be
entertained by MSTC / Seller from the Bidders. e)UNITOF MEASUREMENT
(UOM) FOR BIDDING, SALE & DELIVERY: Each Lot will have to be
bid, sold and delivered on the basis of UnitOf Measurement ( i.e.
UOM ) stipulated in the Material List displayed on the Auction
Floor of View Live Auctions. Anyrepresentation/complaint from the
Bidders for the Bid to be made/having been made on the basis of any
other Unit ofMeasurement will not be entertained. f) TAXES AND
DUTIES : Normally all sale will be treated as Local Sale & the
Buyer shallhave to pay Sales Tax as per the Local Sales Tax
Act/Rules/Tariff of the concerned State applicable on the date of
delivery.Unless otherwise specified, the sale against C-Form/CST
will not be accepted. The rate of Excise Duty, Sales Tax/VAT
IncomeTax, Education Cess or any other statutory
Duty/Tax/Levy/Charge etc. will be applicable and payable by the
Buyer asprevailing on the date of actual physical delivery of
materials. The rates of Duties and Taxes displayed on the
e-AuctionWebsite are only indicative and based on the rates
prevailing before the commencement of the e-Auction. Successful
Biddersshall have to pay Income Tax by way of TCS @1.0% plus 10%
Surcharge and 2% Education Cess plus 1% as higher EducationCess on
all Scrap items purchased for trading as per Section 206 C of IT
Act 1961. The TCS will be calculated on the gross SaleValue i.e.
Materiel Value plus Excise Duty (if any) & Sales Tax/VAT. g)
DEACTIVATION OF PASSWORD : If the successfulhighest Bidder for both
Confirmed or STA sale, fails to pay the Post-Bid EMD/SD in time,
then his Password will be deactivated
and shall normally be DEBARRED for a minimum period of 6 (six)
months from participating in all e-Auctions and disposal salesby
MSTC on behalf of this Seller and, his Registration Fee will be
forfeited. While considering his request for reactivation whichwill
be at the sole discretion of MSTC, all facts including the number
of Seller/ eAuctions / Lots for which he had failed whichare
germane will be taken into account. h) SALE OF UNSOLD LOT : MSTC at
its sole discretion may take recourse to any of thefollowing
options for sale of the unsold Lot: a)The Unsold Lot may be put up
for re-eAuction at the sole discretion of MSTCwithout Pre-Bid EMD
(Earnest Money Deposit) OR with Pre-Bid EMD as may be deemed fit by
MSTC. b)The H-2 Bidder may beasked to match the H-1 Bid along with
submission of requisite EMD / SD within a period as may be
prescribed by MSTC. c)MSTCmay take any other action in consultation
with the Seller. i) DELAYED PAYMENT OF POST-BID EMD/SD :Delayed
payment ofPost-Bid EMD/SD may be accepted depending on the
circumstances of the case or urgency of disposal with/without
penalty asmay be deemed fit by MSTC/Seller. This shall however not
confer any right to the Bidder to make any Late Payment of
Post-BidEMD/SD.j) CALCULATION OF GROUND RENT FOR DELAYED LIFTING
:In case of Goods sold on Lot Basis, the Ground Rent willbe
calculated at the rate specified above on the value of the entire
Lot even if lifted in part, where as in case of Goods sold onUnit
Weight or Unit Number Basis, the Ground Rent will be calculated on
the value of unlifted quantity However it must benoted by the
Bidders that it will be the sole discretion of the Seller not to
allow the Buyer to lift the Goods with or without theGround Rent
after the expiry of the stipulated free Delivery period or even
within the aforesaid additional period of 14(Fourteen) Days and in
such event, the sale of the material not lifted by the Buyer(s)
will be automatically cancelled and all themoneys paid by the
Bidder /Buyer will be automatically forfeited. k) REMOVAL OF SOLD
MATERIAL :The materials sold shall beremoved by the Buyers from any
one side of the Lot as per the sole direction of the Seller and no
segregation/pick and choose
of items from the sold Lots will be permitted. For the purpose
of removing the materials, the successful Bidder shall employ
orengage only his / their own personnel at their own cost and shall
keep the Seller fully indemnified against any claimswhatsoever
including claim for wage, injuries, compensation, death etc. They
must follow all safety rules in this connectionwherever applicable.
The buyer shall be liable for any violation of such rules. l)
DISMANTLING OF MATERIAL FOR LOADING :Incase any cutting permission
is required for dismantling operations, the same will have to be
obtained by the Buyers from theSeller's authorized representative
and it will be sole discretion of the Seller to allow or not to
allow such cutting permission. Incase such permission is granted by
the principal, such operation has tobe undertaken at buyers cost
and risk only, to the extentof facilitating the loading and
transportation of the goods. They must follow all safety rules in
this connection whereverapplicable. The buyer shall be liable for
any violation of such rules. m) ACCIDENT
DURINGDISMANTLING/REMOVING/LOADING/TRANSPORTATION AT Sellers
PREMISES: While dismantling/removing/loading/transportation of
materials at sellers premises ,if any accident or damage to the
property/life etc. arises byreason of any act of negligence
/omission /default or non-compliance with any of the Terms &
Conditions of statutoryregulations or rules and regulations
applicable or otherwise on the part of the Bidder's / his
representative or employeesresulting in death or injury to any
persons or damages to the property of Seller or any third Party
then in such an event theBidder will have to pay compensation to
any such person including the employees of Seller for such injury /
for damage to
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person's property of such persons. The Bidder shall in such and
event keep the Seller fully indemnified from any demand,claims or
proceedings made by any party. n) EXPORT OF GOODS: In case of Goods
belonging to Defence Depots/Units underMinistry of Defence and
Ordance Factories, participation in the eAuction by the Bidders
shall be deemed to imply that theBidder undertakes not to export
the Goods outside the territory of India, unless otherwise
permitted by the seller, failing whichthe sale will be liable for
cancellation. o) SALE OF HAZARDOUS WASTE ITEMS: a) Sale of
Hazardous Waste items, namelyWaste/used Oil and specified
categories of Non-Ferrous Metal Waste will be governed by the
Hazardous Wastes (Managementand Handling) Rules, 1989 and its
amendments, of the Central Government. Under Rule 7 (sub-rule 6) of
the Hazardous WastesRules, in case of transport of hazardous wastes
to a facility for treatment, storage and disposal existing in a
State other thanthe State where hazardous wastes are generated, the
occupier shall have to obtain No objection Certificate from the
StatePollution Control Board or Committee of the concerned State or
Union territory Administration where the facility is
existing.Notarised copy of such NOC must be submitted before issue
of delivery order within the specified time. The lots shall be
delivered by the seller/owner to the successful MOEF/CPCB
registered buyers after receiving the above NOC and also
makingnecessary endorsement in respect of the quantity transacted
in the original letter of MOEF/CPCB registration and
photostatcopies of the endorsement shall be furnished to their
State Pollution Control Board by the seller/owner.b)Sale of
Batteriesshall be governed by the Batteries (Management and
Handling) Rules, 2001 of the Central Government.. The lots shall
bedelivered by the seller/owner to the successful MOEF/CPCB
registered buyers after making necessary endorsement in respectof
the quantity transacted in the original letter of MOEF/CPCB
registration and photostat copies of the endorsement shall
befurnished to their State Pollution Control Board by the
seller/owner.c) If the validity of Bidders MOEF/ CPCB Certificate
expiredon the Starting Date of eAuction, then there is likelihood
of his Password being deactivated. Therefore, interested bidder
mustensure to produce a valid MOEF/CPCB renewal certificate
photocopy to MSTC along with its original for verification and
returnto get his Password duly activated before the Starting Date
of e-Auction. Wherever after the award of the lot, validity
ofMOEF/CPCB Certificate expired, the bidder must submit copy of
such certificate duly renewed by MOEF/CPCB within thestipulated
time of payment of Balance Sale Value failing which the payment
will not be accepted and the pre-&post bidEMD/SD paid will
stand automatically forfeited. p) The Bidder(s) shall have no right
to issue any addendum to these SpecialTerms and Conditions or Buyer
Specific Terms and Conditions to clarify, amend, supplement or
delete any of the conditions,clauses or items stated therein. q)
MSTC / Seller reserves the right to accept / reject any offer /
bid, withdraw from sale, thematerials offered for sale in full or
part thereof prior to or after the acceptance of the bid without
specifying any reasonthereof.
14 ) Netbanking Option: a) The amount will be credited in T+1
EOD basis, so the buyer should remit the fund throughNetbanking 24
hours before the last day mentioned in the Auction Catalogue. Fund
transfer through Netbanking is NEFTtransaction and the same will be
credited in MSTC account the next very day excluding Sunday/holiday
as per RBI guidelines.
National Electronic Funds Transfer (NEFT) facilitates transfer
of funds to the credit account with the other participating
bank.RBI acts as the service provider and transfers the credit to
the other bank's account.
b) Buyer has to inform the details such as amount transferred,
date of transfer, buyers bank name, UTR No., Auction No., LotNo.,
payment type such as Pre-bid EMD, EMD, Material Value, Taxes, Full
Value,etc to MSTC on the same day of the date oftransaction . MSTC
has no responsibility of delay in issue of AL, DO,etc in case
buyers failed to inform through mail.
c) For making online payment buyer has to use Internet Explorer
7 ( IE7 ) and above.
d) Steps for e-payment is mentioned at the link given as
below.
