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Metal Scrap Trading Corporation Limited

Delhi, Delhi

  • Opening Date

    18 Sep 2019

  • Closing Date

    18 Sep 2019

  • Tender Amount

    Refer document

  • EMD

    -

  • Auction Start Date

    18 Sep 2019

  • Auction End Date

    18 Sep 2019

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Summary

Mstc/nro/cvd,delhi Cantt./17/delhi Cantt./19-20/17593

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Special Terms & 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, . GST rates as mentioned in the catalogue are indicative and the buyers are requested to check the same before effecting delivery. THOUGH A FACILITY IS PROVIDED TO BIDDERS TO SELECT A CATEGORY IN THE LIVE AUCTION FLOOR, HOWEVER,BUYERS,IN THEIR OWN INTEREST ARE ADVISED TO GO TO LIVE E AUCTION FLOOR, AFTER SELECTING "ALL CATEGORIES". MSTC WILL NOT BE RESPONSIBLE FOR ANY OVERSIGHT IN SELECTING THE CATEGORY IN LIVE E AUCTION/LOT ON THE PART OF BIDDERS/BUYERS" ​As per Notification No.36/2017 Central Tax (Rate) dated 13-10-2017 and Notification No.37/2017 Integrated Tax (Rate) dated 13-10-2017, Principal / Selller being Govt. Unit, so GST and Cess on Goods will be deposited by Buyer under Reverse Charge Mechanism​ . Principal/Seller has to collect the true copy of GST Certificate from Registered Buyers before delivery of goods to them a) The GST as applicable on the date of delivery shall be paid by the successful bidder and the GST and Cess on such goods shall be paid on Reverse charge basis by the registered recipient. b) The bidders shall be sole bye responsible for remitting the GST as per the DO and any statutory liability in this regard will be the responsibility of the successful bidder and no liability what so ever shall be borne by the seller/MSTC. c) By bidding in the e-auction, it is constructed that the successful bidder(s) have fully understood the Special terms and condition of the e-auction read along with the GTC & BSTC and agreed the same in toto. 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. 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. All payments towards EMD /Security Deposit, balance material value, late payment penalty etc. are to be made by way of e-payment through RTGS/NEFT in favour of MSTC Ltd. The buyers have to make payment by RTGS/NEFT from their own account only. For every payment, buyer has to generate a separate challan. For any query please contact at MSTC: Mr. SOURABH KUMAR, DM Board No. 011-23214201,23213945 extn: 205 email id: Helpdesk No. is 033-22901004 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. Note: 1. Netbanking Option: The amount will be credited in T+1 EOD basis, so the buyer should remit the fund through Netbanking 24 hours before the last day mentioned in the Auction Catalogue. Fund transfer through Netbanking is NEFT transaction and the same will be credited in MSTC account the next very day

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