Metal Scrap Trading Corporation Limited

Special Terms & Conditions Contact person for MSTC: MAYANK H JAIN (ERO) & SHRUTI SHARMA, AM ; PHONE NO. 033-22891402(D), 22900964, 22877557, 22870568 . Email: mhjain@mstcindia.co.in VERY IMPORTANT CONDITION FOR E-AUCTION- For the lots hosted for auction it is the buyers/bidders responsibility to get the detailed list of materials if any for which ever lots have a large quantity of items , from the respective office of the principal/Seller before starting the inspection at the respective locations and the bidders have to thoroughly inspect the lot and satisfy themselves before giving the bids and no complaint in this regard will be entertained. VAT RATES IN THIS AUCTION : "VAT rates as indicated in this e-auction catalogue are only indicative. Actual VAT rates as applicable on the date of lifting shall be applicable. Bidders are required to satisfy themselves about VAT rate through their own sources/means before bidding in this e-auction and any discrepancy should be intimated to MSTC/Seller at least one working day prior to the e-auction. No complaint from any bidder thereafter, regarding any variation will be entertained after the e-auction goes on live floor. Nonpayment of sale proceeds on the ground of any discrepancy of VAT rate will be treated as default and action as deemed fit including but not limited to forfeiture of EMD/SD will be taken against the bidder." FOR PAYMENT OF SECURITY DEPOSIT & BALANCE MATERIAL ONLY SBI DD WILL BE ACCEPTED. DD DRAWN FROM ANY OTHER BANK WILL NOT BE ACCEPTED IMPORTANT : THE MATERIAL LIST & STC DISPLAYED UNDER "VIEW FORTHCOMING AUCTIONS" ON MSTC'S E-AUCTION WEBSITE ARE TENTATIVE AND SUBJECT TO CHANGE AT THE SOLE DISCRETION OF MSTC/PRINCIPAL BEFORE THE START OF E-AUCTION. BIDDERS SHOULD, THEREFORE, DOWNLOAD THE MATERIAL LIST AND STC DISPLAYED ONLY UNDER "VIEW LIVE AUCTIONS" FOR THEIR RECORD PURPOSE, IF REQUIRED, AND BID ACCORDINGLY. FOR BUYERS GUIDELINES VISIT www.mstcecommerce.com AND CLICK Help. 1.1 Subject to the reserve price, if any, fixed for the materials by the owner CENTRAL RESERVE POLICE FORCE, thereinafter referred to as CRPF, or persons duly authorized in this regard (hereinafter called as Authorities) and on the terms and conditions hereunder, sale shall be made to the highest auction bidder on ~As is where is and no complaints basis~. 1.2 M/s MSTC Limited is the Selling Agent of CRPF and hereinafter referred to as M/s MSTC Limited. 1.3 Quantity variation as indicated under lot description. Offer for part quantity not acceptable. In case quantity falls short in any lot, the same will not be made up. The contract will be short closed at the quantity actually issued. 1.4 The Buyers shall remain responsible for observance of Security Standing Instructions and normal Security Norms of the industry. 2.0 VALIDITY 2.1 All offers including the offers accepted on the ~SUBJECT TO APPROVAL~ (STA) basis shall remain valid for a period of 30 calendar days from the date of close of auction which may be extended for any further period of time as may be mutually agreed upon by CRPF, MOKAMAGHAT, PATNA and the bidder. 2.2 VALIDITY OF CONTRACT : "Upto the validity period of the Delivery Order/Release Order issued by MSTC/ PRINCIPAL or upto the extended period of validity of the Delivery Order/Release Order in case the Delivery period is extended by the PRINCIPAL at his sole discretion as the case may be." 3.0 Caveat Emptor 3.1. The quantity, quality, measurement and condition of the materials indicated are all approximate. Participation and bidding by any one in this sale shall be treated as conclusive evidence of the fact that the party has inspected the materials offered for sale and satisfied himself in all respects regarding quantity, quality, measurement, weight and condition of materials, taxes and duties, local working condition and other extraneous factors and principle of Caveat Emptor (let the buyer beware) will apply. 3.2. It shall be implied and taken for granted that