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Metal Scrap Trading Corporation Limited

  • Opening Date

    15 Oct 2019

  • Closing Date

    15 Oct 2019

  • Tender Amount

    Refer document

  • EMD


  • Auction Start Date

    15 Oct 2019

  • Auction End Date

    15 Oct 2019

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Mstc/vad/gujarat State Road Tranport Corporation/275/ahmedabad/19-20/21656

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Special Terms & Conditions Auction Catalogue on the live floor on the day of bidding shall be final & binding upon the buyers. INTEGRITY PACT IS APPLICABLE IN RESPECT OF ALL CONTRACTS / AGREEMENTS FOR TENDERS/e-Auctions etc. For details Click PAYMENT TERMS MSTC has come up with a unique business model to aid and augment financing needs of its bidders by leveraging the bidder 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 bidder 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 "Link" 1) The bidders shall submit Earnest Money Deposit(EMD) through NEFT/RTGS within 7 days of e-Auction/acceptance of STA bid by Seller for SOLD lot. Upon issue of the sale order the EMD will be converted into Security deposit and shall be adjusted in the final payment. Incase of non fulfilment of the contractual obligation, the security deposit will be liable to be forfeited by Seller/MSTC. 2) LATE PAYMENT PENALTY(ONLY FOR LOTS WHERE SALE ORDER HAS BEEN ISSUED: If the payment is not made within the free payment period mentioned in the Acceptance Letter/Sale Order, the payment may be accepted upto a period of 1 (one) week from the due date of payment, on payment of late payment penalty @ 2% (plus GST@18%) per 1 week on the total sale value. Acceptance of payment beyond the late payment period of 1 week shall be at the sole discretion of Seller. PAYMENT IN FORM OF DD/PO WILL NOT BE ACCEPTED. All Payments have to be made to MSTC Vadodara using e-Payment link in login only. Payment made through DD or Direct Payment submission to Seller shall not accepted. Any such payment shall be refunded to the buyer & they shall have to resubmit payment to MSTC using e-Payment link. LPC applicable due to wrong payment mode shall be responsibility of the Buyer. DATES AND TIME FOR INSPECTION OF SALVAGE MATERIALS :- 10 TO 1 PM 3 PM e-Payment & RTGS/NEFT Payment Link available in Buyer's Login: The parties opting for this mode may please note that the transactions made through this mode will be reflected in MSTC's account in T+1 days (Transaction + 1). Hence, they should make the payment well in advance so that it gets reflected in MSTC's account on or before due date. Click here for e-Payment Guide: The buyers have to make payment by RTGS/NEFT from their own account only. No third party payment shall be accepted. NOTE FOR E-PAYMENT: In case of any mismatch in payment transaction and challan generated the buyer's payment may not be accepted/authorized by the system. Any delay/penalty imposed due to non- acceptance of e-Payment made by the buyer using old/used/wrong challan, shall solely be the liability of the buyer and MSTC/Seller shall not be responsible for the same. Buyers are further requested to intimate the officer concerned at MSTC through an e - mail id regarding any payment made against any lot in which he is H1. Non-Issuance of AL / DO in case no such mail is sent to the officer concerned shall be the responsibility of the Buyer. Buyer shall be solely responsible for any penalty, delay forfeiture or blacklisting of his firm by the principal as an outcome of the above. CONTACT PERSON OF SELLER / STOCK-HOLDER: 1. Works Manager, Central Workshop, Naroda, Ahmedabad on behalf of GUJARAT STATE ROAD TRANSPORT CORPORATION who are the Owner / Seller / Stockholder of Goods, hereinafter referred to as PRINCIPAL. FOR ANY QUERIES PLEASE CONTACT SHRI H S ZALA ON: (0)8141366574. MSTC Ltd. (the Selling Agent of the PRINCIPAL) will be hereinafter referred to as MSTC. (Contact Person of MSTC Smt. Megha Sinha, DM: 0265-2339672, 2310606, 2330726 - Ext: 205/ e-mail - 2. Successful parties have to deposit 15% of the material value as Security Deposit

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