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Indian Oil Corporation Limited

  • Opening Date

    26 Aug 2019

  • Closing Date

    26 Aug 2019

  • Tender Amount

    Refer document

  • EMD


  • Auction Start Date

    26 Aug 2019

  • Auction End Date

    26 Aug 2019



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Mstc/nro/indian Oil Corporation Limited/62/panipat Refinery/19-20/15182

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Special Terms & Conditions 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 "" 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. " Buyer / Bidder will have to deposit the material value in the Bank Account of Seller / Principal or through DD favoring Seller / Principal and not in MSTC Bank Account. Only Service Charge favoring MSTC will be deposited in MSTC Bank Account. If Buyer / Bidder deposits the payment favoring the Seller / Principal in MSTC Bank Account, it will be refunded back to Buyers / Bidders Bank Account. For inspection & other related matters, bidders may contact Mr. Sandeep Bansal , Dy. Manager (Materials), Phone: 0180-2522391, E-mail : All the payments pertaining to IOCL Panipat Refinery needs to be credited in the under mentioned account no- Account Number : 10432167067 IFS Code : SBIN0008706 Branch Code : 8706 Account details of MSTC LTD for SERVICE CHARGES TO BE MADE THROUGH E-PAYMENT GATEWAY: After forwarding the payment through RTGS, the customer is required to provide the UTR no. immediately to IOCL and MSTC through mail on the mail id mentioned above. For any queries contact: Nishtha K. Munshi, Manager email id: Board no. 011-23214201, 23213945(Ext. 213 IMPORTANT NOTES: a) PAYMENT CLAUSE: 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. b) 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. c) SPECIFIC TERMS AND CONDITIONS: The taxes prevalent at the time of invoicing shall supersede. 100% STA Mode applicable on this e-auction. Tolerance=NIL · Formalities for reporting of vehicle at IOCL gate: i) Authorized representative of customer will have to report one day prior to the delivery date for completion of permission formalities of vehicle and labour. ii) Photo and valid ID proof of persons coming for taking delivery along with valid authorization letter will be required. iii) Following documents of vehicle required in advance for entry permission of vehicle: · Copy of Valid RC · Copy of valid insurance policy · Copy of valid PUC(Pollution under control Certificate) · Valid driving license of the driver · Copy of valid fitness certificate of vehicle Above documents in original must be carried along with vehicle. · Disposal of materials: The above material shall be disposed-off on ​As is Where is​ basis and no selection to be made by purchaser at the time of lifting of materials. The material shall be lifted as per the instruction from IOCL. The weight will be done on the IOCL weigh-bridge which shall be considered final and binding to the buyer wherever it is applicable. · Transportation: CISF representative and store personal shall only co-ordinate for loading, transportation & disposal. IOCL will not provide with any Labour /equipment including safety equipment, dozer, crane, gas, power etc. / medical facility / transport or any other facility regarding lifting and transportation to buyer hence accordingly the

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