Chamundeshwari Electricity Supply 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 THE E-AUCTION SALE IS GOVERNED BY THE GENERAL TERMS & CONDITIONS (GTC), BUYER SPECIFIC TERMS & CONDITIONS (BSTC) AND SPECIAL TERMS & CONDITIONS (STC) OF THE E-AUCTION. INCASE OF ANY CONFLICT OR DIFFERENCES AMONG ANY PROVISIONS OF GTC, BSTC & STC, THE PROVISIONS OF STC WILL SUPERCEDE OTHERS IN THE PARTICULAR E-AUCTION. THE TERMS & CONDITIONS INCLUDING THE LIST OF MATERIALS APPEARING ON THE DATE OF E-AUCTION IS FINAL AND BINDING ON THE PARTICIPANT BIDDERS, THE SAME MAY PLEASE BE DOWNLOADED FOR ANY FURTHER REFERENCE. ALL STATUTORY TAXES & DUTIES/LEVIES OF CENTRAL GOVT. AS WELL AS STATE GOVT. AS APPLICABLE AT THE TIME OF DELIVERY ON 'AS IS WHERE IS' BASIS SHALL BE PAYABLE BY THE SUCCESSFUL BIDDER. The quantities indicated are approximate estimate and the same may vary +/- 20%. The bidder should lift the available quantity only. All the payments EXCEPT MSTC SERVICE CHARGE [EMD, balance material value along with GST and other tax and duties] shall be directly remitted to CESC NR Mohalla BANK ACCOUNT AS MENTIONED BELOW. MSTC SERVICE CHARGE HAS TO BE PAID THROUGH THE E-PAYMENT LINK. CESC NR Mohalla BANK DETAILS: Name of Bank-Canara Bank Name of the Branch-Nazarbaad Branch Account No.-0565201000530 Bank IFSC Code-CNRB0000565 Note: 1. Netbanking Option: The amount will be credited in T+1 EOD basis, so the buyer should remit the fund through Netbanking 24 hours before the last day mentioned in the Auction Catalogue. Fund transfer through Netbanking is NEFT transaction and the same will be credited in MSTC account the very next day excluding Sunday/holiday as per RBI guidelines. 2. Buyer has to inform the details such as amount transferred, date of transfer, buyers bank name, UTR No., Auction No., Lot No., payment type such as Pre-bid EMD, EMD, Material Value, Taxes, Full Value etc. to the DT Official whose name is appearing in the Auction Catalogue on the same day of the date of transaction . MSTC has no responsibility of delay in issue of AL, DO etc. in case buyers failed to inform through mail. Contact Official of MSTC :Mr.VIKAS KUMAR, AM, MSTC, Bangalore(Contact Nos.080-22260054/22266417/22379145)Ext.208 M:8884449017 email id: vkumar@mstcindia.co.in FOR VEHICLES: VEHICLES ARE BEING SOLD ON AS IS WHERE IS BASIS: IT IS THE RESPONSIBILITY OF THE BIDDER TO ASCERTAIN THE PRESENT CONDITION OF THE VEHICLES IN ALL RESPECTS. THE SUCCESSFUL BIDDER SHALL MAKE NECESSARY ARRANGEMENTS FOR OBTAINING NECESSARY CLEARANCES FROM THE CONCERNED RTO AUTHORITIES REGARDING NAME TRANSFER / OBTAINING CLEARANCE CERTIFICATE / REGISTRATION CANCELLATION ETC BY PAYING NECESSARY CHARGES /TAXES /INSURANCES ETC.IF ANY (PRESENT OR PREVIOUS TO THE CONCERNED AUTHORITIES, THE PRICES QUOTED BY THE BIDDER FOR THE VEHICLES SHALL BE EXCLUSIVE OF ANY SUCH CHARGES/TAXES/INSURANCES ETC. IF ANY PAYABLE BY THE SUCCESSFUL BIDDER TO THE CONCERNED AUTHORITIES i.e. RTO/INSURANCE AGENCIES ETC. Vehicle will be handed over to the successful bidder(s) only after receipt of full payment & change of ownership in favor of successful bidder(s) by the RTO at the cost & arrangement of the buyer. IN THE CASE OF OUTSTATION BUYER(S), HE/THEY HAS/HAVE TO OBTAIN NOC FROM THEIR CONCERNED RTO AND TO PRODUCE THE SAME TO THE SELLER FOR THE PURPOSE OF DELIVERY OF THE VEHICLE(S) 1. Superintending Engineer(Elec), Chamundeshwari Electricity Supply Corpn. Ltd., Mysore, Karnataka, the seller, will be hereinafter referred to as CESC and MSTC Ltd., the Selling Agent of CESC will be hereinafter referred to as MSTC. Wherever the word Buyer, Purchaser, Successful Bidder are indicated, it will be referred to as Successful Bidder. 2. VALIDITY OF BIDS: All bids will be valid for acceptance by MSTC for a period of 30 (THIRTY) days from the date of closing of e-Auction, excl