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Metal Scrap Trade Corporation Limited Tender

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Metal Scrap Trade Corporation Limited - MSTC Tender

Kolkata, West Bengal
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  • Opening Date

    14 Oct 2019

  • Closing Date

    14 Oct 2019

  • Tender Amount

    Refer Documents

  • Auction Start Date

    14 Oct 2019

  • Auction End Date

    14 Oct 2019

Summary

Mstc/ero/wb Transport Infrastructure Development Corpn Ltd./3/kasba/19-20/18378

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Special Terms & Conditions FOR ANY QUERIES, PLEASE CONTACT AT WB Transport Infrastructure Development Corpn Ltd.:-Shri Asok Ray, Coordinator (Bus),Telephone:-24229081,Mobile:-9831061831,Email:-wbtidc@gmail.com AT MSTC, KOLKATA : Roushan Kumar AM (ERO); e-mail: rkumar@mstcindia.co.in Mobile- 7255896564 PLEASE NOTE: THE AUCTION CATALOGUE ON THE LIVE E AUCTION FLOOR SHOULD BE TREATED AS FINAL AND BINDING. 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 EAUCTION/LOT ON THE PART OF BIDDERS/BUYERS" 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. DDs of Cooperative Bank shall not be accepted and will be returned without any action being taken on them. 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. THE EMD @ 10 % IS TO BE SUBMITTED WITHIN 7 DAYS OF CLOSURE OF E-AUCTION (EXCLUDING THE DATE OF CLOSURE) FOR SOLD LOTS. INCASE A BUYER FAILS TO SUBMIT THE EMD WITHIN THIS PERIOD OF 7 DAYS, HE MAY SUBMIT THE FULL PAYMENT ALONG WITH TAXES/DUTIES WITHIN 21 DAYS OF CLOSURE OF E-AUCTION (EXCLUDING THE DATE OF CLOSURE). HOWEVER, IN SUCH A CASE THE BUYER WILL REMAIN DEACTIVATED AFTER THE EXPIRY OF 7 DAYS PERIOD OF SUBMISSION OF EMD, AND ON SUBMISSION OF FULL PAYMENT, THE BUYER SHALL BE ACTIVATED. THE SAME SHALL APPLY FOR APPROVED STA LOTS WHEREIN THE PERIOD OF SUBMISSION OF EMD IS 7 DAYS FROM THE DATE OF APPROVAL OF THE STA (EXCLUDING THE DATE OF APPROVAL), HOWEVER, INCASE A BUYER FAILS TO SUBMIT THE EMD WITHIN THIS PERIOD OF 7 DAYS, HE MAY SUBMIT THE FULL PAYMENT ALONG WITH TAXES/DUTIES WITHIN 21 DAYS OF THE DATE OF APPROVAL OF THE STA LOT (EXCLUDING THE DATE OF APPROVAL). 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. ( BUYER HAVE TO PAY APPLICABLE GST AND WHATEVER THE TAXES/DUTIES/CESS ETC IS APPLICABLE AS ON THE DATE OF DELIVERY.) Note: The Goods & Service Tax (GST) is implemented with effect from 01st July 2017 in India. Accordingly, VAT / Sales Tax will be discontinued and these taxes will be subsumed to GST. GST will be payable on all goods (whether scrap or otherwise). Hence all Buyers / Bidders having VAT Registration (TIN) need to register with GST for continuing transactions. Copy of certificate mentioning GST Registration Number needs to be submitted with the respective office of MSTC Ltd. (from where Registration was done) for updating Buyer Registration details. MSTC / Seller will not be able to issue any Sale Order / Delivery Order / Invoice, etc. wherever GST Registration Number is not updated. Further the existing VAT / Sale Tax Rate shall be replaced by GST Rate and differential tax, if any, will be paid by or refunded to Buyers. In the same way, all Principals / Sellers need to submit copy of certificate referring GST Registration N

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