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Metal Scrap Trading Corporation Limited

Thiruvananthapuram, Kerala

  • Opening Date

    16 Sep 2019

  • Closing Date

    16 Sep 2019

  • Tender Amount

    Refer document

  • EMD


  • Auction Start Date

    16 Sep 2019

  • Auction End Date

    16 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, HELPDESK NUMBER FOR SYSTEM RELATED QUERIES: 033-22901004 “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 www. and at "Link”. DEALING OFFICER AT MSTC LTD., TRIVANDRUM BRANCH NAME Smt. Sajini Raghunathan, Assistant Manager OFFICE ADDRESS 1st Floor, Forest Central Library Building, Kerala Forest Head Quarters, Vazhuthacaud, Trivandrum 695014 Phone 0471-2529137/2326686 Email OFFICE HOURS 10 AM - 5 PM "Buyer / Bidder will have to deposit the material value in the Bank Account of Seller / Principal or through DD favouring Seller / Principal and not in MSTC's Bank Account. Only Service Charge favouring MSTC will be deposited in MSTC's Bank Account. If Buyer / Bidder deposits the payment favouring the Seller / Principal in MSTC's Bank Account, it will be refunded back to Buyer's / Bidder's Bank Account." 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 DOWN LOADED FOR ANY FURTHER REFERENCE. Quantities are indicative and may vary +/- 25%. Sale is on "AS IS WHERE IS BASIS, CLEAN SWEEP BASIS AND NO COMPLAINT BASIS". No complaint regarding quality, quantity, or composition of the material will be entertained. With the implementation of Goods & Services 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 rate 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. 1. Govt. Industrial Training Institute Chackai,, the owner / seller, will be hereinafter referred to as PRINCIPAL and MSTC Ltd., the Selling Agent of the PRINCIPAL 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 60 (SIXTY) days from the date of closing of E-Auction, excluding the date of closing. In case the 60th day falls on a holiday

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