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Metal Scrap Trading Corporation Limited

Visakhapatnam, Andhra Pradesh

  • Opening Date

    20 Aug 2019

  • Closing Date

    20 Aug 2019

  • Tender Amount

    Refer document

  • EMD


  • Auction Start Date

    20 Aug 2019

  • Auction End Date

    20 Aug 2019

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Mstc/vzg/nmdc Ltd Visakhapatnam/1/visakhapatnam/19-20/14341

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Special Terms & Conditions CLICK HERE FOR OFA TERMS AND CONDITIONS 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, The bid value quoted shall be the basic price in Rs per WMT for the material/product. Any other, statutory duties, levies, taxes, cess, GST, etc. applicable at the time of supplies or that may be introduced in future will be extra and are payable by the successful bidders. VPT environmental fee, if any will be payable by the successful bidders. 2. Last date of submission of PRE-BID EMD and on line forward auction (OFA) documents: up to 14.00 PM on or before 20/08/2019 Auction Date: 20/08/2019 Start Time: As Indicated above (15.00 PM). 2. Customers intending to participate in the Online Forward Auction (OFA) would be required to submit the following documents to M/s MSTC Limited. The last date and time of submission of EMD and OFA documents as mentioned in Clause 1 above. i) PRE-BID EMD: A special link ​Pay Pre Bid EMD​ has been provided to bidders in their login for payment of EMD. Bidders are required to submit payment through the above link only. Payment through any other link/direct payment, shall not be considered.. The Bidder(s) who intend to participate in e-auction should remit through MSTC‟ s e-Payment Gateway by logging with their user id & password on as detailed below: - THE BIDDER(S) MUST COMPULSORILY INTIMATE THE DETAILS OF PAYMENT MADE THROUGHE-MAIL TO Smt.K.Sheela, DY.MANAGER (MSTC) AT GIVING THE FOLLOWING DETAILS:- (1) MSTC E-AUCTION NUMBER (2) NAME OF BUYER (3) BUYER REGISTRATION NUMBER (4) UTR/TRANSACTION REF NO (5)DATE OF TRANSFER (6) NAME OF BANK(7) NAME OF BRANCH (8) CITY (9) LOT NO. # In case the successful bidder fails to come forward and purchase the material as per the terms mentioned in this e-auction, the Pre-Bid EMD amount of such bidder will be forfeited and the said amount shall be transferred to NMDC. # The Pre-Bid EMD does not carry any interest. # The Pre-Bid EMD of un-successful bidders will be refunded by making online refund request from their login. This E-Auction sale is governed by the , AND THE TERMS OF ONWARD FORWARD AUCTION NOTICE (OFA) of the e-auction. In case of any conflict or difference among any provisions of GTC, BSTC & OFA, the provisions of OFA will supersede others in the particular e-auction. The ONWARD FORWARD AUCTION NOTICE appearing on the day of e-auction under VIEW LIVE E-AUCTION are final and which may be downloaded. E-Auction opening time, closing time, inspection schedule and other dates & times mentioned in the e-auction catalogue may be treated as (IST) Indian Standard Time only. The EMD amount is as given below: Product EMD amount for a lot of 75,000 WMT on Ex Stock pileBasis Retrieved Lump IronOre Rs. 25/-Lakhs (Rs. Twenty Five Lakhs only) In case of successful bidder, the EMD amount will be converted as Security deposit till the successful completion of Contract (Lifting). The EMD will be returned to the unsuccessful bidder after the auction is completed. The EMD/Security Deposit will not carry any interest. ii) Online forward auction notice duly signed and stamped on every page. iii) A letter of intent duly signed and stamped -Annexure A iv) Terms and Conditions of sales through Online Forward Auction (OFA) signed and stamped on every page -Annexure B v) Bidders who are end-users need to submit Annexure-C from whom TCS will not be collected, else it will be presumed that bidder is not an end user and purchasing the material for export purpose and applicable TCS will be collected along with advance amount vi) Valid GST registration certificate. vii) If material is to be procured for export purpose, attested copies of Export House certificate issued by DGFT or Valid trading license obtained from concerned statutory authority. For export, the fir

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