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Metal Scrap Trade Corporation Limited

  • Opening Date

    25 Jun 2019

  • Closing Date

    25 Jun 2019

  • Tender Amount

    Refer document

  • EMD




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Auction Sale Of Lot No : 1 Lot Name : Tool And Cutter Grinder

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Special Terms & Conditions Account Details:- Beneficiary name GM, OCF Public Fund A/C Bank A/C No. 36454283020 Name of the Bank State Bank of India Bank branch Address Sector-30C, Chandigarh IFSC code SBIN0001443 MICR code 160002017 The Goods & Service Tax (GST) is implemented with effect from 01st July 2017 in India. Accordingly, VAT / Sales Tax will be discontinued and these taxes will be subsumed to GST. GST will be payable on all goods (whether scrap or otherwise). Hence all Buyers / Bidders having VAT Registration (TIN) need to register with GST for continuing transactions. Copy of certificate mentioning GST Registration Number needs to be submitted with the respective office of MSTC Ltd. (from where Registration was done) for updating Buyer Registration details. MSTC / Seller will not be able to issue any Sale Order / Delivery Order / Invoice, etc. wherever GST Registration Number is not updated. Further the existing VAT / Sale Tax Rate shall be replaced by GST Rate. Wherever GST Registration Number is not updated. Further the Service Tax Rate on Service Charge Bill, shall be replaced by GST Rate and differential tax, if any, will be required to be paid by Principals / Sellers. PLEASE NOTE: THE AUCTION CATALOGUE ON THE LIVE E AUCTION FLOOR SHOULD BE TREATED AS FINAL AND BINDING The buyer will not be required to deposit the EMD for those lots which fall under the category of STA. Only when the lot is approved by the Principal, will a mail be fired by our portal to the buyer to submit the requisite EMD within a period of 7 days from the date of approval. For any queries please contact at MSTC,CHANDIGARH Mr. Ashish Adhikari Tel No.: 0172-2586921 Email ID: 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, . NOTE1:BUYERS HAVE TO INSPECT THE MATERIAL THOROUGHLY AND SATISFY THEMSELVES ABOUT THE NATURE , HAZARDOUS/EXPLOSIVE PROPERTIES, IF ANY, BEFORE SUBMITTING THE BID. IN CASE THEY COME ACROSS ANY MATERIAL BEYOND THE SCOPE OF THE DESCRIPTION OF MATERIAL, IT SHOULD BE INFORMED TO SELLER/MSTC. MSTC WILL NOT BE RESPONSIBLE FOR ANY COMPLAINT IN THIS REGARD. Incase the date of submission of payment happens to fall on a Public Holiday, the next day shall be considered as the date of submission of payment. DDs of Cooperative Bank shall not be accepted and will be returned without any action being taken on them. e-Auction Catalogue on the live e-auction Floor Should be Treated as Final and Binding. This supersedes the General Terms and conditions. 1. The goods will be sold on 'AS IS WHERE IS BASIS' Quantities, Qualities, Size, Measurement, Number and Weight as stated in the catalogues are approximate and no guarantee is under taken. Segregation will not be allowed, delivery will be from one corner to another corner, Purchasers must satisfy themselves before bidding , No complaint will be entertained later on what so ever. 2 . All stores are subject to decrease/increase(-) /(+) 15 % by the department without assigning any reason. 3. The purchaser are not entitled to any benefit/advantage due to any clerical error, inadvertent. mistake in the TERMS & CONDITIONS or in description of the stores. 4. All bidders shall keep their offers open for acceptance for a period of 90 (Ninety) days from the date of closing of e-auction. 5.The bidder shall submit 20% EMD (Earnest Money Deposit) of net sale value quoted by way of RTGS/NEFT/DD in favour of GM, OCF Public Fund A/C within 7 days of confirmation of the bid. Upon issue of sale order the EMD shall automatically be converted into security deposit. The Security Deposit as specified in the sale order shall be adjusted only at the time of final payment/site clearance. 6.Balance amount of the sale value of the bids accepted will be paid by the buyer in favour of GM, OCF Public Fund A/C, within 10 days from the date of issue of sale Order or due date of deposit of EMD,whichever is earlier

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