Metal Scrap Trading Corporation Limited

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, For Queries, Please Contact - AT MSTC LUCKNOW SHRI ANIL VERMA ,Deputy Manager Ph. No. 0522-2236396 email AT DVVNL, Agra : Shri Saroj Yadav (Store), Tel. No. 0562-2604542 or Mb. No.: 9219187398 e-Auction Catalogue on the live e-auction Floor Should be Treated as Final and Binding.Only Buyers registered with MSTC will be able to participate in this e-auction. The buyer will not be required to deposit the EMD for those lots which fall under the category of STA. Only when the lot is approved by the Principal, a mail will be fired by our portal to the buyer to submit the requisite EMD within a period of 7 days from the date of approval. No Payment except Post Bid EMD & MSTC's Service Charge will be accepted into MSTC account. Hence Buyers are Requested that They should make payment of Balance payment in Seller's account only .Balance payment done into MSTC's account will not be accepted and will be returned to Buyers .Sole responsibility of any loss of payment time due to Balance payment done into MSTC's account will be of Buyer's Only. MSTC has come up with unique business model to aid and agument financing needs of its bidders by leveraging the bidder's surplus Bank Guarantee (BG) 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 Lakh and above per lot). Complete details of the policy and contact officers are available at & NOTE 1: BUYERS HAVE TO INSPECT THE MATERIAL THOROUGHLY AND SATISFY THEMSELVES ABOUT THE NATURE , HAZARDOUS/EXPLOSIVE PROPERTIES, IF ANY, BEFORE SUBMITTING THE BID. IN CASE THEY COME ACROSS ANY MATERIAL BEYOND THE SCOPE OF THE DESCRIPTION OF MATERIAL, IT SHOULD BE INFORMED TO SELLER/MSTC. MSTC WILL NOT BE RESPONSIBLE FOR ANY COMPLAINT IN THIS REGARD. NOTE 2:"THOUGH A FACILITY IS PROVIDED TO BIDDERS TO SELECT A CATEGORY IN THE LIVE AUCTION FLOOR, HOWEVER,BUYERS,IN THEIR OWN INTEREST ARE ADVISED TO GO TO LIVE E AUCTION FLOOR, AFTER SELECTING "ALL CATEGORIES". MSTC WILL NOT BE RESPONSIBLE FOR ANY OVERSIGHT IN SELECTING THE CATEGORY IN LIVE E AUCTION/LOT ON THE PART OF BIDDERS/BUYERS" NOTE 3:"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. Non-payment 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." NOTE: PAYMENT CLAUSE: Incase the 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. PAYMENTS ARE TO BE MADE THROUGH RTGS/NEFT/E-PAYMENT. FOR THIS PURPOSE, BANK A/C DETAILS OF DVVNL AND MSTC ARE AS BELOW: BANK A/C DETAILS OF DVVNL FOR POST BID EMD & BALANCE PAYMENT : Bank Account No. - 1639002100042446 Bank Name - Punjab National Bank Sanjay Place, Agra IFSC CODE - PUNB0163900 A/c Holder Name - Executive Engineer, Electricity Store Divison, Agra BANK A/C DETAILS OF MSTC FOR SERVICE CHARGE PAYMENT : A) RTGS/NEFT Payment Link available in Buyer's Login - The parties opting for this mode may please note that the transactions made through this mode will be reflected in MSTC's account in T+1 days (Transaction + 1). Hence, they should make the payment well in advance so that it gets reflected in MSTC's account