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Metal Scrap Trading Corporation Limited

Aligarh, Uttar Pradesh

  • Opening Date

    17 Sep 2019

  • Closing Date

    17 Sep 2019

  • Tender Amount

    Refer document

  • EMD

    -

  • Auction Start Date

    17 Sep 2019

  • Auction End Date

    17 Sep 2019

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Summary

Mstc/lko/iocl Aligarh Bp/1/indane Bottling Plant Aligarh/19-20/17556

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Special Terms & Conditions MSTC has come up with a unique business model to aid and augment financing needs of its bidders by leveraging the bidder's surplus Bank Guarantee 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. 50.00 Lakh and above). Complete details of the policy and contact officers are available 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, e-Auction Catalogue on the live e-auction Floor Should be Treated as Final and Binding. IOCL Contact: Ms Deepmala Dwivedi, Operations Officer, IOCL Aligarh BP, Contact Number: 7983612670/7900811118, Email: /: Mr. Jyotirmaya Panda, Chief Plant Manager, IOCL Aligarh BP, Contact Number: 9412268497, Email: For any queries contact: Shri Rahul Maji, Email ID: Ph no. : 0522-4244702 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. "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.​ " 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 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. 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." MODE OF PAYMENT: A. All the payments pertaining to IOCL Aligarh BP needs to be deposited Via NEFT/RTGS in the bank A/c of IOCL: Indian Oil Corporation Ltd (M. D.), Bank Name :State Bank of India, Branch :SECTOR 2 NOIDA, A/c No : 00000030175250038, IFS Code :SBIN0005936 B. Account details of MSTC LTD for SERVICE CHARGES TO BE MADE THROUGH E-PAYMENT GATEWAY: USING THE OPTION "E-PAYMENT" AVAILABLE IN BUYER LOGIN. REGION MUST BE SELECTED AS LUCKNOW. After forwarding the payment through RTGS/ NEFT , buyer must give an Intimation (UTR no. etc.) to IOCL and MSTC via email regarding submission of payment in order to process the payment , else IOCL/MSTC will not be held responsible for any delay in payment processing. Third party payment is not acceptable. Payment Terms: 1.1) Draft / PO issued by Co-operative banks will not be accepted. No arrangement instrument where more than one bank is involved will be accepted. The successful bidders are required to pay EMD/SD Payments as mentioned below:- 10%

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