Special Terms & Conditions
Bidder's are hereby informed that Payments towards EMD/SD/Material Value/Service Charge etc which are payable in favor of MSTC, should only be made through e-Payment link in the Bidder's Login. No Payment will be accepted in any other form
with effect from 01.09.2018
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
FOR ANY QUERY PLEASE CONTACT AT MSTC,NEW DELHI
Mr. SOURABH KUMAR, DM
Phone No. 011-23219173
Board No. 011-23214201,23213945 extn: 205
Mr. GAURAV MISHRA, MT
Phone No: 011-23213945
Board No. 011-23214201 extn: 112
"GST rates as indicated in this e-auction catalogue are only indicative. Actual GST rates as applicable on the date of lifting shall be applicable. Bidders are required to satisfy themselves about GST rate through their own sources/means before bidding
in this e-auction and any discrepancy should be intimated to MSTC / Seller at least one working day prior to the e-auction. No complaint from any bidder thereafter, regarding any variation will be entertained after the e-auction goes on live floor.
Nonpayment of sale proceeds on the ground of any discrepancy of GST rate will be treated as default and action as deemed fit including but not limited to forfeiture of EMD/SD will be taken against the bidder."
"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"
NOTE: 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.
ALL THE PAYMENTS TOWARDS EMD/SECURITY DEPOSIT, BALANCE SALE VALUE, GST, TCS AND SERVICE CHARGES IS TO BE MADE IN MSTC ACCOUNT THROUGH ONLINE e-PAYMENT GATEWAY :
CLICK HERE FOR
NOTE: (A) Regarding the amount toward EMD/Security deposit, same shall be reflected in the sale intimation letter issued on closure of the e-auction.
(B) Regarding payment towards balance sale value, sales tax and TCS favoring the seller and MSTC's service charge, this shall be reflected in the sale order issued.
PLEASE NOTE:- On submission of payment either toward EMD/security deposit/balance payment, sales tax & TCS or toward MSTC's service charge, intimation should be mandatory given through e-mail to both MSTC and the seller.
NOTE: 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.
1. MSTC Ltd. Shall hereinafter be referred to as MSTC and BSNL, Rewari as owners.
2. All the offer shall be valid for a period of 90 days from the date of closing of e-auction.
3. The materials offered for sale must be inspected prior to due date of e-auction. For inspection & other related matters, bidders may contact SDE (PLG) TEL No.01274-256500 / 09416331395/09416065300/9416820002.
4. The bidders shall submit Earnest Money Deposit by way of E-PAYMENT only in favor of MSTC LTD within 7 days of confirmation of bid. The EMD must be @10% of the net sale Value quoted (excluding taxes & duties). Upon issue of the sale order
the EMD shall automatically be converted into Security Deposit. The Security Deposit as specified in Sale Order shall be adjusted only at the time of final payment.
5. The Contract shall be treated as having been entered into as soon as the bid is confirmed in favor of the successful bidders. The period of contract shall be of sixty days from the date of last
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