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Power System Operation Corporation Limited

  • Opening Date

    22 Aug 2019

  • Closing Date

    22 Aug 2019

  • Tender Amount

    Refer document

  • EMD

    -

  • Auction Start Date

    22 Aug 2019

  • Auction End Date

    22 Aug 2019

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Summary

Mstc/nro/power System Operation Corporation Limited/1/delhi/19-20/14345

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Special Terms & Conditions Special Notes 1. MSTC has come up with a unique business model to aid and augment financing needs of its bidders by leveraging the bidders surplus Bank Guarantee limit. Under this scheme MSTC will be making the payment to the seller on behalf of the bidder by opening LC/RTGS which will be backed by bidders 110% BG issued by any scheduled commercial Bank (for Rs. 50.00 Lakh and above per Lot). Complete details of the policy and contact officers are available at and at "" 2. All Contracts/Transactions entered into by the Buyer/Bidder arising out of this e-Auction shall be governed by the integrity pact available on MSTC website, . 3. Though a facility Is provided to bidders to select a category in the Live Auction Floor, however bidders/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 4. Rates of Taxes displayed in the Catalog are only indicative. For payment and at the time of delivery actual rates of taxes as per Government Policy will be applicable. Bidders are requested conduct their own analysis and should check the accuracy, adequacy, correctness, reliability and completeness of information given herein. 5. The auction catalogue on the live e-auction floor will be treated as final and binding. 6. In line with the 'e-way bill' implementation from 1st feb'18 for transportation of goods either inter-state or intra-state movements, E-way bill to be generated by buyer prior to movement of vehicles from warehouse premises. 7. With the implementation of Goods & Service Tax (GST) w.e.f 01st July 2017 in India, VAT/Sales Tax will be discontinued and these taxes be subsumed in GST. GST will be payable on all goods (whether scrap or otherwise). Hence all Buyers having VAT Registration (TIN) need to register with GST for continuing transactions. Copy of certificate referring GST Registration Number needs to be submitted with MSTC for updating Buyer Registration details. MSTC/Seller will not be liable to issue any Sale Order/Delivery Order/invoice etc wherever GST Registration Number is not submitted. 8. The BSTC (Buyer specific terms and conditions) and GTC (General Terms and Conditions) can be seen and downloaded by going to the Home Page of the e-Auction Website and clicking on NEW USER. Participation in the e-Auction will be deemed to imply that the Bidder has made himself thoroughly aware of and accepted the STC (Special Terms and Conditions of e-Auction), BSTC and GTC. In case of any conflict between the STC and BSTC/GTC, the STC shall prevail. MSTC shall have the right to issue addendum to the GTC or BSTC, 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 Terms and Conditions. Principal Details: 1. The Terms Principal/Seller/Owner refer to owner of the material. 2. The Principal/Owner of the materials reserves the right to withdraw at any stage the sale of any item or quantity of material either by number or by weight or any other specific unit etc, even after issue of Sale Order/Delivery Order. The Principal/Owner will not be bound to assign any reason or details thereof. Value of the materials so withdrawn, if any, and paid by the buyer will be refunded. The Principal will however, not be responsible for any damage, loss, direct or consequential compensation whatsoever to the buyer nor for payment of any interest e-Payment Details 1. All Payment through e-Payment only. No DDs of any form are acceptable 2. In-case the date of submission of payment happens to fall on a Bank Holiday, the next day shall be considered as the date of submission of payment. Only the holidays considered by State Bank of India in this regard will be considered as Bank holidays. 3. Rate of EMD (earnest money deposi

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