Metal Scrap Trading Corporation Limited

With the implementation of Goods & Service 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 rates 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. Mrs. E. BABITHARANI, CHIEF MANAGER. PH: (044) 2828 5097 E-Mail Id: babitha@mstcindia.co.in MSTC HELPDESK 9499054101/103/104 (SRO, CHENNAI) 044 2828 5049 (SRO- RECEPTION) 03322901004 (KOLKATA) SHRI N GOPI MANAGER UIIC HO : 044 28575358 Shri Naval Jacob, IT Dept, Head Office, United India Insurance Co. Ltd. Chennai- 600014 Office- 04428599500 SPECIAL TERMS & CONDITIONS (STC) AS GIVEN Special Terms & Conditions IMPORTANT : THE MATERIAL LIST & STC DISPLAYED UNDER VIEW FORTHCOMING AUCTIONS ON MSTC'S EAUCTION WEBSITE ARE TENTATIVE AND SUBJECT TO CHANGE AT THE SOLE DISCRETION OF MSTC/ PRINCIPAL BEFORE THE START OF EAUCTION. BIDDERS SHOULD,THEREFORE, DOWNLOAD THE MATERIAL LIST AND STC DISPLAYED ONLY UNDER VIEW LIVE AUCTIONS FOR THEIR RECORD PURPOSE, IF REQUIRED, AND BID ACCORDINGLY. FOR BUYERS GUIDELINES VISIT www.mstcecommerce.com AND CLICK Help. FOR ANY ASSISTANCE MAIL AT 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 ALL THE ITEMS IN THE E-AUCTION ARE UNDER SUBJECT TO APPROVAL. (I.E ALL THE BIDS EITHER RECORDED AS SOLD/STA/REJECTED will be further submitted for the approval of United India Insurance Co. Ltd) If accepted by the principal , Sale order will be issued to the buyer . otherwise the bid will be rejected MSTC is only selling agency for insurance company and its not responsible for any type of taxes .Customer should clear themselves about the sales tax, income tax applicable for the item should be paid as separate DD's. NOTE * Sale is on "As is where is Basis" & "No Complaint Basis". Bidders are advised to inspect the materials & satisfy themselves regarding condition of the materials. 1) INSPECTION OF LOT/ EAUCTION DATE: 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. The Lot can be inspected between 10 AM and 4 PM on any day after contacting the contact person. The eauction commencement date/ closing date are also as mentioned above. 2) EAUCTION RESULT/STATUS : 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 eAuction which will be displayed upto 7 (Se