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Special Terms & Conditions SALE ON AS IS WHERE IS BASIS AND NO COMPLAINT BASIS PROSPECTIVE BIDDERS MUST MAKE SURE THAT THEY HAVE INSPECTED WITHIN THE ALLOTTED AND MADE THEMSELVES SATISFIED ABOUT THE GOODS PUT UP FOR AUCTION BEFORE QUOTING A BID. Important Clause:- "Buyer / Bidder will have to deposit the material value in the Bank Account of Seller / Principal or through DD favoring Seller / Principal and not in MSTC's Bank Account. Only Service Charge favoring MSTC will be deposited in MSTC's Bank Account. If Buyer / Bidder deposits the payment favoring the Seller / Principal in MSTC's Bank Account, it will be refunded back to Buyer's / Bidder's Account ALL CONTRACTS/TRANSACTIONS ENTERED INTO BY THE BUYER/BIDDER ARISING OUT OF THIS E-AUCTION SHALL BE GOVERNED BY THE INTEGRITY PACT AVAILABLE ON OUR WEBSITE, IMPORTANT: THE MATERIAL LIST & STC DISPLAYED UNDER VIEW FORTHCOMING AUCTIONS ON MSTC'S EAUCTION WEBSITE ARE 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 FOR THEIR RECORD PURPOSE, IF REQUIRED, AND BID ACCORDINGLY. This sale is also governed by and This SPECIAL TERMS & CONDITION(STC) supersedes GTC and BSTC. MSTC shall have the right to issue addendum to the GTC or BSTC or STC to clarify, amend, modify, supplement or delete any of the conditions, clauses or items stated therein and the Addendum so issued shall form a part of the original STC. FOR ANY QUERIES CONTACT DEALING OFFICER IN MSTC : NAME : Siddharth Krishnan, AM, OFFICE NO.0891-2701066, 2746948, MOBILE NO.9867566097, E MAIL ID: CONTACT PERSON: Doodarshan :- Shri D. SRINIVASA RAO : Mobile No.8309958495 (Ichhapuram), Smt B. Kameswari, Assistant Engineer : Mobile No.9441225323 (Vizag), 1) VALIDITY OF BIDS: All Bids will be valid for acceptance by MSTC/SELLER for a period of 90 (Ninety) days from the date of closing of e-Auction, excluding the date of closing. In case the 90th day falls on a holiday or remains closed for MSTC, such Bids will be deemed to be automatically extended to be valid upto the next working day of MSTC. 2) RATE: Best rate is to be quoted online on MSTC site per LOT basis on exclusive of applicable levies. Applicable levies and duties during the pendency of the contract will be charged extra as ruling on the date of dispatch. Any increase/decrease in levies etc or imposition of any new duties & taxes by Statutory Authorities would be on the account of successful bidders and payable by the successful bidders. Each Bidder has to bid for entire lot quantity. 3) INSPECTION OF LOT/ E-AUCTION DATE: For inspection of materials, the seller/company name, date of commencement of inspection, 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 the materials. The registered Parties (or their Authorized Representative) should produce their e-Auction Photo ID Card to the Seller or produce a copy of this e-Auction Catalogue downloaded from the Website. 4) E-AUCTION 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 after closing of e- Auction, a system generated automatic Sale/Lot Intimation Letter will be issued by e-mail to the Successful Bidder. The bidders must always keep their registered email account valid, failing which bidders will be liable for non- compliance of payment/delivery instructions if issued by MSTC/SELLER from time to time. 5) PAYMENT OF EMD/SD: SD payable within 7 (Seven) calendar day

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