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Special Terms & Conditions PRE-BID REQUIREMENT :- (i) For Participation in this auction prospective buyers must submit a Pre-Bid EMD of Rs.2,00,000/= (Rupees Two Lakh only) with MSTC Thru its link only latest by 26/08/2019. PRE-BID EMD PAYMENT: 1. CLICK ON 2. Enter the required amount of PRE-BID Amount as mentioned in auction catalogue as given below: Click on Proceed to Payment 4. Fill the bank details of Current/OD account which is in Companys name 5. PRINT RTGS MANDATE FORM and transfer the amount. IMPORTANT NOTE:- Bidders after successful login will get three new links at their homepage as- Pay Pre Bid EMD EMD Refund Request EMD Ledger Pre Bid EMD must be paid by the bidder (NEFT/RTGS) through this first link only otherwise the automation will not work. Refund to bidder as per their online request will also be processed from HO on the next working day. Pre Bid EMD of unsuccessful bidders will be refunded after completion of e-auctions. Pre Bid EMD of successful bidders will be refunded after receiving the Post bid EMD. In case, post bid EMD is not received, Pre Bid EMD will be forfeited. EMD amount is to be submitted only after the status of lot is made clear i.e. rejected or accepted. No need to pay EMD if LOT status is rejected. Embargo on Export outside India .The material as described in E auction catalogue is/are not to be exported outside the territory of India. Bidder with valid GST registration number is allowed to participate in the E auction. 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. MSTC has come up with a unique business model to aid and augment financing needs of its bidders by leveraging the bidder's 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's 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" Under Reverse Charge Mechanism, the Buyer bears the responsibility to submit the requisite GST mentioned in the Sale Order / Delivery Order to the relevant GST authorities and get GST Challan against the same. Buyer also needs to generate the GST Invoice to submit it to the Seller before taking Actual Delivery. Buyer has to file required GST Returns accordingly. Buyer shall make payment of only the Basic Material Value + TCS (if applicable) to MSTC for onward submission to Seller with D.O. Under Reverse Charge Mechanism it is the sole responsibility of the Seller to collect the following documents before allowing Delivery: a) True Copy of GST Registration Certificate of the Buyer. b) GST submission challan for the value of GST as shown liable in the Sale Order / Delivery Order. c) GST Invoice from the buyer showing proper description of material, rate, taxes, value, GST TIN of the buyer, properly sealed and signed by the buyer. All payments towards EMD /Security Deposit, balance material value, TCS, late payment penalty etc are to be made by way of e-payment through RTGS/NEFT in favour of MSTC Ltd. The buyers have to make payment by RTGS/NEFT from their own account only. No Third Party payment shall be accepted All the offers shall be valid for a period of 90 days from the date of closing of e-auction. In case the last date happens to fall on a Public Holiday, the next day shall be considered as the last date of validity. NOTE: PAYMENT CLAUSE: Incase the date of submission of payment happens to fall on a Public Holiday, the next

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