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Metal Scrap Trading Corporation Limited

  • Opening Date

    22 Oct 2019

  • Closing Date

    22 Oct 2019

  • Tender Amount

    Refer document

  • EMD


  • Auction Start Date

    22 Oct 2019

  • Auction End Date

    22 Oct 2019

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Mstc/wro/bsnl, Yavatmal Maharashtra/11/o/o Sr. Gmt, Bsnl, Yavatmal/19-20/21617

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Special Terms & Conditions SPECIAL TERMS & CONDITION 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, This supersedes General and Buyer specific terms and conditions Contact Person at MSTC: Mr. Abhishek Kanaujia Phone No.: 022-22882854 Email id: DD/POs of Cooperative Banks shall not be accepted and will be returned without any action being taken on them. MSTC Ltd. Shall hereinafter be referred to as MSTC and BSNL, YAVATMALas owner/seller for lots. 1. All the offer shall be valid for a period of 90 days from the date of closing of e- auction. 2. The materials offered for sale must be inspected prior to due date of e-auction. For inspection & other related matters, bidders may contact Shri. SACHIN H. TRIVEDI 07232242200 . 3. Material list & STC displayed under ​view forthcoming auctions​ on MSTC's e-auction website are tentative and subject to change at the sole discretion of MSTC/Principal before the start of e-auction. Bidders should, therefore, download the material list and STC displayed only under ​view live auctions​ for their record purpose, if required, and bid accordingly. 4. The bidders shall submit Earnest Money Deposit by DD/PO/NEFT/RTGS in favor of Principal as stated in Sale Intimation Letter within 7 days from date of e-auction for accepted and STA lots. The EMD shall be @10% of the net sale Value quoted (excluding taxes &duties) for Lots sold on ​Accepted​ and ​STA​. 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. It should be noted that failure to submit post bid EMD / SD within above stipulated time will result in automatic deactivation of buyer's login from MSTC System for a minimum period of six (06) months. Thus the bidders shall be debarred from participation in any auction being conducted by MSTC for a minimum period of six (6) months. Buyers login may however be activated only if full payment (Material Value + Applicable Taxes & Duties) is received within 22 days from the date of closing of e-auction. 5. E-auction lot Status/result: The status of the highest bids having been accepted on Confirmed or STA basis must be personally seen by the Bidders online through the link ​Auction Lot Status​ immediately after closing of e-Auction which will be displayed up to 7 (Seven) days from the date of Closing of e-Auction (excluding the date of closing of e-Auction) and payment of Post-Bid EMD/SD must be made accordingly. Although immediately after closing of e-Auction, a system generated automatic Sale Intimation Letter will be issued by e-mail to the Highest Bidder for accepted/STA lots. The bidders must always keep their registered email account valid, failing which bidders will be liable for non-compliance of payment/delivery instructions if issued by MSTC/SELLER from time to time. 6. The Contract shall be treated as having been entered into upon issuance of signed sale order-cum-Acceptance letter by MSTC in favor of the successful bidders. The period of contract shall be of sixty days from the date of last Delivery order by MSTC against full payment made by the party. The contract shall be deemed to be complete as soon as the Area is cleared of the entire material allotted or on completion of the period of contract as mentioned above, whichever is earlier. 7.0 All the materials are offered for sale on AS IS WHERE IS basis Ex works Owners, RATE MUST BE QUOTED ON UNIT BASIS FOR EACH LOT SEPARATELY NOT PART THEREOF i.e. in Rupees per unit only. The quantity indicated against the lot are purely indicative. 7.1 The quantity in actual may turn out to be more or less than the estimated quantity. In the event of quantity turning out to be more than the estimated quantity the buyer has to lift the allotted quantity(+/

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