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Metal Scrap Trading Corporation Limited

Faridabad, Haryana

  • Opening Date

    12 Sep 2019

  • Closing Date

    12 Sep 2019

  • Tender Amount

    Refer document

  • EMD


  • Auction Start Date

    12 Sep 2019

  • Auction End Date

    12 Sep 2019

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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, "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" FOR ANY QUERY PLEASE CONTACT AT MSTC,NEW DELHI Mr. SOURABH KUMAR, AM Phone No. 011-23219173 Board No. 011-23214201,23213945 extn: 205 email id: Mr. GAURAV MISHRA, MT Phone No: 011-23213945 Board No. 011-23214201 extn: 112 email id: Helpdesk No. is 033-22901004 No DD will be accepted in favour of MSTC Ltd. PLEASE NOTE: THE AUCTION CATALOGUE ON THE LIVE E AUCTION FLOOR SHOULD BE TREATED AS FINAL AND BINDING. 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. "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." 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. PAYMENT DETAILS: PAYMENT DETAILS: 1). 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, GST 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, Faridabad 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] , Ph No- 01292289099 / 09416010733. 4. The bidders shall submit Earnest Money Deposit by way of e-payment only in favor of MSTC Ltd. within 7 days of con

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