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Metal Scrap Trading Corporation Limited

Mumbai, Maharashtra

  • Opening Date

    09 Aug 2019

  • Closing Date

    09 Aug 2019

  • Tender Amount

    Refer document

  • EMD


  • Auction Start Date

    09 Aug 2019

  • Auction End Date

    09 Aug 2019

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Mstc/wro/gateway Distriparks Ltd/1/uran, Navi Mumbai/19-20/14327

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Special Terms & Conditions This E-Auction is governed by the GENERAL TERMS & CONDITIONS (GTC), and BUYER SPECIFIC TERMS & CONDITIONS (BSTC) of the e-auction and THE SPECIAL TERMS & CONDITIONS (STC) of the e-auction, in case of any conflict or difference in the Provisions of GTC, BSTC & STC, then the provisions of STC/Lot/Auction Specific/GTC OF SELLER T&C will supersede others in the particular e-auction By bidding in the e-auction, it is construed that the successful bidder(s) have fully understood the Special terms and conditions of the e-auction/Lot read along with the GTC & BSTC and agreed the same in toto. 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, New bidders kindly complete the registration within time to avoid last minute hassle Registration desk number: 022-22829565 Successful H-1 bidder needs to deposit the EMD payment against each lot within stipulated time period as mentioned in the payment terms, failing which their pre-bid EMD amount shall be forfeited. Payment Terms and Payment flow : All the lots will be kept in STA after the closing of auction and bidders have to make payment upon receipt of approval from seller's end. No payment shall be accepted until lots are approved by seller. Bidders will be informed about the approval of bids/lots by an automated email from MSTC's end. A) EMD PAYMENT : Successful H1 bidders are required to pay EMD @ 25% of quoted bid value within 03 (three) days directly in the account of seller from the date of acceptance/approval of lot. If successful H1 bidder fails to make EMD payment against any lot (s), their pre bid EMD shall be forfeited. B) Issuance of Acceptance Letter from MSTCs end : Upon receipt of confirmation of EMD payment from seller's end, MSTC will be issuing Acceptance letter containing the details of balance payment to be made. C) BALANCE PAYMENT favoring seller containing GST amount and other taxes if there are any : Successful H1 bidders are required to pay balance material value payment in the account of seller as mentioned in the acceptance letter issued by MSTC within 8 working days Saturdays, Sundays and public Holiday shall not be counted) from the date of approval, failing which their post bid EMD for corresponding lot(s) shall be forfeited. D)Balance payment favoring MSTC: Payment favoring MSTC shall be deducted from the pre bid EMD payment submitted by the bidder for participation in auction and extra payment shall be refunded to the bidder. In case of short payment, bidders have to make differential payment using MSTC's payment gateway within 8 working days from the date of approval. E)Issuance of Delivery order from MSTC's end -Upon receipt of confirmation of balance payment from sellers end, MSTC will be issuing delivery order mentioning LAST DATE OF DELIVERY and other terms if any and accordingly bidder has to go for lifting at their own cost in coordination with seller NOTE: PAYMENT CLAUSE: In case last 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. Bank Details of Seller are mentioned below wherein EMD payment and balance payment are to be made by bidders: Bank Name :HDFC Bank Branch :Nhava Sheva A/c No : 01100 31000 0014 IFS Code :HDFC0000110 Contact person at Gateway Distriparks Ltd. Pramod Mishra (8104235337) / Kishor Dhoke (9773555510) Email Contact Person at MSTC: 1. Shri Sushil Nale, Dy Mgr, Email Mobile no.-9987758430 2. Archana Juneja, Asst. Mgr. Email ,Mobile no.-9990673698 3. Amar Joshi, Jr. Mgr. Email id-,Mobile no.-9601839390 4. Abhishek Kannaujia, Executive Office, Email id- Mobile no.-9930119718 SELLER - Seller referred in this condition of sale, is Gateway Distr

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