Metal Scrap Trading Corporation Limited

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, www.mstcindia.co.in HELPDESK No. 033-22901004 Balance payment other than MSTC service charge have to be made directly to seller's bank account as given below. Sellers Bank details : Bank Name :DGVCL COLLECTION ACCOUNT NAVSARI Branch :KALIYAVADI A/c No : 06000200000001 IFS Code :BARB0KALIAW MSTC Service Charge has to be paid to MSTC Vadodara using "e-Payment" Link in Buyer Login vide NEFT / RTGS only. Any payment made other than mode mentioned above shall be refunded to the Buyer & they shall be have to resubmit payment as mentioned above. LPC applicable due to wrong payment mode shall be responsibility of the Buyer. NOTE FOR E-PAYMENT : The system of acceptance of e-Payment made by buyer to MSTC Vadodara shall henceforth be completely system based and automic. As such buyers are requested to generate separate e-Payment challans for each transaction using the "e-Payment" link provided in their buyer login and make payment only by NEFT/RTGS using particular challan details. 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. Please refer e-Payment Guide for proper procedure of making payment. DD/PO ISSUED FROM CO-OPERATIVE BANKS, ARRANGEMENT INSTRUMENTS WHERE MORE THAN ONE BANK IS INVOLVED WILL NOT BE ACCEPTABLE FOR ANY E-AUCTION RELATED PAYMENT. 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. 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 "" CONTACT PERSON OF SELLER / STOCK-HOLDER: Shri P.K.PATEL, Representatives of DGVCL-R.S.O.NAVSARI, having address at R.S.O.NAVSARI, GRID-KABILPORE NAVSARI-396424 INDIA(Ph.:02637236054) who are the Owner / Seller / Stockholder of Goods, hereinafter referred to as PRINCIPAL. MSTC Ltd. (the Selling Agent of the PRINCIPAL) will be hereinafter referred to as MSTC. (Contact Person of MSTC:Ms. Sanju Pakad,Ph. 0265-2339672, Extn.203). ADDITIONAL TERMS & CONDITION [A] After entering any Bid (in figures) on the Auction Floor, the Bidder must check/re-check, the same (including the number of zeroes) before clicking the ~BID~ button. Once the ~BID~ button is clicked the Bid will be accepted by the system and no correction can be made. [B] The Auction List and Special Terms & Conditions (STC) being displayed in the Auction Notification under View Forthcoming Auctions on MSTC s e-Auction Website or being displayed in MSTCs Corporate Website (www.mstcindia.co.in) are tentative and subject to last moment changes at MSTC s sole discretion till the start of e-Auction. Only the Auction List and Special Terms & Conditions displayed on the Auction Floor under View Live Auctions (and not under View Forthcoming Auctions) on start of e-Auction will be final and will form the basis for all sale contracts against th