Metal Scrap Trading Corporation Limited

Special Terms & Conditions 1.0 E-auction bids are invited for sale of above items on "As is where is" basis and "no-complaint" basis only. Any quality/quantity issues will not be entertained later. 2.0 The word SELLER/PRINCIPAL wherever appearing means O/o ADDITIONAL REGISTRAR OF CO-OPERATIVE SOCIETY, TN, represented by their field unit or its authorized representative. 3.0 The word MSTC wherever appearing means the MSTC LIMITED, CHENNAI hereinafter referred to as SELLING AGENT OF SELLER. 4.0 The Word BIDDER wherever appearing means, firm or Company or any person duly registered with MSTC for the purpose which is interested in participating and purchasing the materials put up for sale in this e-auction. 5.0 The Word PURCHASER/BUYER wherever appearing means, firm or Company or any person duly registered with MSTC for the purpose, whose rate has been accepted by the SELLER/PRINCIPAL and the sale order has been issued in his/her favor. 6.0 This E-Auction sale is governed by the of the e-auction. In case of any conflict or difference among any provisions of GTC, BSTC & STC, the provisions of STC will supersede others in the particular e-auction. 7.0 The Special Terms & Conditions appearing on the day of e-auction under VIEW LIVE E-AUCTION are final and which may be downloaded. 8.0 E-Auction opening time, closing time, inspection schedule and other dates & times mentioned in the e-auction catalogue may be treated as (IST) Indian Standard Time only. 9.0 The Buyers/Bidders who are interested to purchase the product under sale through e-auction should get themselves registered with MSTC as buyer for e-auctions before commencement of e-auctions 10.0 RATE: - The Bidder shall quote/offer online on MSTC site on UOM (Unit of Measurement) basis exclusive of applicable levies. Applicable levies and duties during the pendency of the contract will be charged extra as ruling on the date of dispatch/delivery. Any increase/decrease in levies etc or imposition of any new duties & taxes by Statutory Authorities would be on the account of successful bidder(s) and payable by the successful bidder(s). 11.0 CONTACT PERSONS: 12.0 The material list STC displayed under view forthcoming auctions on MSTC's e-auction website is tentative and subject to change at the sole discretion of MSTC/Seller before the start of e-auction. Bidder(s) should, therefore, download the material list and STC displayed only under view live auctions for their record purpose, if required, and bid accordingly. 13.0 MSTC/Seller shall have the right to issue addendum to the GTC or BSTC or STC to clarify, amend, modify, supplement or delete any of the conditions, clauses or items stated therein and the Addendum so issued shall form a part of the original STC. 14.0 INSPECTION OF LOT/DATE OF E-AUCTION: 14.1 For inspection of materials, the interested Bidders may contact the seller as per inspection schedule as mentioned above. 14.2 The interested bidders will be permitted to inspect the lots which are at respective places shown above in the presence of concerned Officer or as specified contact person. 14.3 For inspection of materials, the seller/company name, date of commencement of inspection, name of contact official with their contact details are as mentioned above. 14.4 The buyer has to satisfy himself about the quality, quantity, duration (old or new) and conditions of the materials. 15.0 MSTC/Seller reserves right to stop/postpone/cancel the e-auction at any stage without assigning any reason there for. 16.0 MSTC/Seller reserves right to modify/alter/cancel/omit any of the above mentioned Terms and Conditions pertaining to the e-auctions as and when required. 17.0 BIDDING PROCESS:- (i) The bid value shall be the basic price of the material exclusive of all applicable levies, Duties etc., in per UOM in INR. (ii) Each e-auction lot is a separate entity for bidding. Bidders have to bid separately for each e- auction lot. (iii) Auto Extension: E-Auction period will normally be