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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
IMPORTANT : THE MATERIAL LIST & STC DISPLAYED UNDER 'VIEW FORTHCOMING
AUCTIONS' ON MSTC'S E-AUCTION WEBSITE ARE TENTATIVE AND SUBJECT TO
CHANGE AT THE SOLE DISCRETION OF MSTC/PRINCIPAL BEFORE THE START OF
E-AUCTION. 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.mstcauction.com AND CLICK Help.
FOR ANY QUERIES, PLEASE CONTACT
At-BBJ-Ganga Bridge Site: i. Mr. A. Chaubey, I/C- Ganga Bridge Project Site - +91-6292145980, ii. Mr. Ram Kumar - +91-8825274281
AT BBJ Head Office : Mr. Partha Nandy, CM(P), Ph.: +91-33-22485841-44Mr. C. K. Prasad, DM(F&A), h.: +91-33-22485841-44
AT MSTC, KOLKATA :
Mr. Saurabh Satyarthi, CM(ERO), Ph.033-23400000/08 (Extn: 1606), M.:9903207001,
Email:
ssatyarthi@mstcindia.co.in
Mr. Roushan Kumar, DM(ERO), Ph. (033)- 23400000/20/21/22 (Extn: 1615),M.: 7255896564, eroopn5@mstcindia.in
Eastern Regional Office: 033-23400000/23400008HELP DESK:L:
07969066600, Email:
helpdesk@mstcindia.co.in
IMPORTANT NOTES:
1.PLEASE NOTE: THE AUCTION CATALOGUE ON THE LIVE E AUCTION FLOOR SHOULD
BE TREATED AS FINAL AND BINDING.
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
EAUCTION/LOT ON THE PART OF BIDDERS/BUYERS"
3.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.
4.DDs of Cooperative Bank shall not be accepted and will be returned
without any action being taken on them.
5.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.
6.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).
7. 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.)
8. PRE-BID EMD: In order to participate in bidding for lots which require pre bid EMD, the bidder is required to have sufficient balance in the EMD wallet provided to the bidder for the purpose. A bidder can add money to its EMD wallet anytime through e-payment mode only and by following the link Pay Pre Bid EMD provided in the dashboard. Bidders in their own interest are advised to keep sufficient balance in their EMD wallet to bid in any auction and avoid any last minute hiccup. MSTC/Seller shall not be responsible for any delay in crediting of the money in MSTCs bank account due to any reason resulting in delay in updating the EMD wallet of the bidder.
The intending buyers have to deposit pre-bid EMD as detailed favouring MSTC Limited by way of online transfer of payment through RTGS/NEFT, which must be routed through our website only.
The process to be followed by Bidders for payment of Pre-Bid:
Bidders after successful login will get three new links at their homepage as
a. Pay Pre Bid EMD
b. EMD Refund Request
c. EMD Ledger
Bidders are requested to click on the link Pay Pre Bid EMD and generate the pre bid EMD payment challan. This challan shall be valid for three days from the date of generation. For separate transaction separate challan is to be generated. After generation of the challan the bidders has to get the amount transferred from their bank through NEFT/RTGS.
Pre bid transferred by any other link will not be considered for bidding in the auction. Submission of Pre Bid EMD through DD/PO is not acceptable. The amount deposited by the bidders will be updated on receipt of confirmation from bank. Thus the bidders are advised to deposit the pre bid EMD well in advance. Once the EMD is received and intimation is received from the bank the amount will be visible in the buyer's login through the link EMD ledger. In case the bidder wants to apply for refund they may apply for refund from their login through the link EMD refund request. Refund to bidder as per their online request will also be processed from MSTC HO on the next working day. This payment will be credited to a specific MSTC HO PNB account only and as per successful bidding, equivalent amount will be forwarded to respective Region/Branch on the next working day. This pre-bid EMD cannot be used for any other purpose. Remittance of pre-bid EMD should be done strictly as per the process detailed above. The Pre-Bid amount will be liable for forfeiture for any failure of the successful bidder to fulfill any of the terms and conditions of the E-Auction. No interest is payable on this pre-Bid EMD. The Pre-Bid EMD of the successful bidder may be converted / adjusted against the SECURITY DEPOSIT.
Non submission of EMD within the stipulated time will lead to deactivation and deregistration of the concerned buyer, thereby debarring them as per MSTC policy, in case of back out buyers. In case, Pre-Bid EMD is applicable, login shall remain activated but Pre-Bid EMD will be forfeited.
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 Number with the
respective office of MSTC Ltd. (from where Auction is conducted) for
updating Seller Registration details. It will not be possible to conduct
any Auction or issue any Sale Order / Delivery Order, etc. wherever GST
Registration Number is not updated. Further the Service Tax Rate on
Service Charge Bill, shall be replaced by GST Rate and differential tax,
if any, will be required to be paid by Principals / Sellers.
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1.MSTC Ltd. shall hereinafter be referred to as MSTC and The Braithwaite
Burn & Jessop Construction Company Limited as owners.
2.All the offers shall be valid for a period of 45 days from the date of
closing of e-auction.
3.All the materials are offered for sale on AS IS WHERE IS basis, i.e.,
where they are stacked and NO COMPLAINT BASIS. Materials are sold on the
assumption that bidders have inspected the same and know what they are
buying, irrespective of whether they have first inspected the materials
or not. No complaint shall be entertained in this regard. After the
submission of bid(s) by the Buyer, a presumption would be drawn that the
buyer has inspected the material and has satisfied himself about the
nature, quantity ,quality, other technical specifications, taxes-duties
and legalities prior to the e-auction. No complaint, whatsoever, on the
points referred above, would be entertained after the submission of the
bid.
4.The successful bidders shall submit Earnest Money Deposit by DD/RTGS
within 7 days from the close of the auction in cases where the lot is on
SOLD. For STA lots, EMD is to be deposited within 7 days of acceptance
of the lot. The EMD must be @ 10% of the net sale value quoted
(excluding all taxes & duties) against each lot. . DD should be in
favour of
THE BRAITHWAITE BURN & JESSOP CONSTRUCTION COMPANY
LIMITED . Payment through NEFT/RTGS
is to be made as per the details given in the PAYMENT TERMS. Upon
issuance of the sale order, the EMD shall automatically be converted
into Security Deposit. The Security Deposit as specified in Sale Order
shall be adjusted only at the time of final payment.
5. The Contract shall be treated as having been entered into as soon as the bid is confirmed in favour of the successful bidders. The period of contract shall be of sixty (60) days from the date of
last Delivery order by MSTC against full payment made by the party. The
contract shall be deemed to be complete as soon as the area is cleared
of the entire material allotted or on completion of the period of
contract as mentioned above, whichever is earlier.
6.All the materials are offered for sale on AS IS WHERE IS basis Ex
works owners. The rates shall be offered ON UNIT BASIS FOR EACH LOT
SEPARATELY NOT PART THEREOF i.e. in Rupees per unit only.
7.The quantities indicated against the lot are purely indicative subject
to a variation of +/- 20%. In the event of quantity turning out to be
more than the estimated quantity and within the range of (+) 20%
variation, the buyer has to lift the entire material and clear the site
after making the required payment. In the event of actual quantity
turning out to be less than the estimated quantity, the buyer shall not
be entitled to claim any damages, loss of interest or compensation on
this ground except the refund of material value for that much quantity
from the Seller. The amount of GST and Income Tax pertaining to such
undelivered quantity shall not be refunded and will be required to be
claimed by the buyer from the respective departments only.
8.The rates must be quoted exclusive of all taxes, duties and any other
levies etc. The present rate of GST (Goods & Services Tax) for various
lots are indicated in the list of items. However the rate of GST
prevailing at the time of making payment shall be applicable. Buyer will
have to pay the Tax/GST as per the applicable rate and no representation
in this regard will be entertained by MSTC/Principal.
9.Bidders shall submit his/their income tax clearance certificate
(latest) partnership deed of org. as and when demanded by MSTC / Owners.
10.The Bidder's/customer's workmen shall have to abide by the rules &
regulations including safety & security regulations of the relevant
statutory Acts. Entry inside the works/stores should only be against
Gate pass for the men and equipment for which purchaser/bidder will have
to apply well in advance before lifting commences.
11.The purchaser shall ensure that his workmen do not loiter around
within the stores area of the Seller. They shall not touch any material
except that material shown to them. If any of his workmen is even found
violating these restrictions, then the purchaser shall be responsible
for making good the loss to the owners on which their decision shall be
final and binding.
12.PAYMENT TERMS :
TThe cost of each lot of material along with all taxes and duties must
be paid by the Buyer in one single installment within 15 days from the
date of acceptance letter by MSTC (including the date of issue). The
details of the mode and amount of payment towards the balance material
value favouring the Seller, MSTC's Service Charges, GST/Duties, etc.
shall be clearly specified in the Sale Order.
For any delay in making payment within the time limit specified, the
payment may be accepted on the discretion of MSTC/Seller upto a period
of two weeks from the due date of payment on payment of additional late
payment penalty @ 1% per week on the total sale value, and thereafter on
the sole discretion of the Seller. However, MSTC/Seller reserve the
right not to accept the payment with or without the late penalty after
the expiry of the above mentioned time limits or even within the
aforesaid additional period of 14 days at MSTC's/Seller's sole
discretion and in such an event the sale of the lot will be
automatically cancelled and the Earnest Money / Security Deposit (as the
case may be) will automatically stand forfeited.
Payment towards material value and other dues is to be made as
stipulated in the Sale order cum Acceptance letter. If there is a
default in payment as per terms of Sale order cum Acceptance letter, the
security deposit mentioned there in will stand forfeited automatically
without any further notice.br>
A) The RTGS details of Seller A/c is as under:
Bank Name :STATE BANK OF
INDIA
Branch :DALHOUSIE SQUARE (CALCUTTA)
A/c No : 11175160292
IFS Code :SBIN0001401
Buyer is requested to
positively inform the details of the payments made through email so that
there is no delay or confusion in the process of issuance of the Sale
Order or Delivery Order.
Bank Account Details of MSTC:
B) RTGS/NEFT Payment Link for payment in MSTC account is 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 in
time.
Click here for e-Payment Guide:
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hhttp://mstcecommerce.com/auctionhome/RenderFileGeneralAuctions.jsp?file=BuyerManualforePayment.pdf
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Here too, the Buyer is
requested to inform the details of the payment through email so that
there is no delay or confusion in the process of issuance of the Sale
Order or Delivery Order.
13. LIFTING PERIOD : The successful buyer shall lift the material by
employing their own labour and transport at their own cost within 30
days from the date of Sale Release Order issued by the Seller.
The material of all the lots will be delivered by
Seller as per the UOM mentioned in the e-auction catalogue, be it on
actual Weight/Quantity/Number(s)/lot as stated in the lot description.
14. GROUND RENT: If the
Successful bidder is unable to lift the material within stipulated
period as specified in the SRO, Ground Rent @ 1% per week shall be
levied and upto 2 weeks maximum, provided written request is received
before the expiry of 30 days free lifting period. If no such request is
received, the Sale Order shall stand cancelled and the Security Deposit
shall be considered forfeited on completion of 30 days of free lifting
period.
Customers are required to lift the materials completely on clean sweep
basis as to clear the site failing which ground rent as applicable will
be charged. Quantity indicated in catalogue is only estimated quantity
and Seller/MSTC shall not compensate for any loss & damages should the
actual quantity, be less than estimated quantity.
15. Hazardous Waste : The scrap materials / items which comes under the
category of Hazardous Waste as per Hazardous Waste (Management &
Handling) Act 1989 and Amendment Rule 2002 & 2003 shall be sold only to
those buyers who are registered with Ministry of Environment & Forest,
GoI / Central Pollution & Control Board/ State Pollution Control Board.
16. The Sale will be governed by the Material List & Special Terms &
Conditions (STC) displayed on the Live eAuction Floor (and not under
Forthcoming Auctions) as well as the General Terms & Conditions (GTC)
and Buyer Specific Terms & Conditions ( BSTC ) already accepted by the
Bidder at the time of eAuction Registration with MSTC. The Material List
& STC displayed under View Forthcoming Auctions on MSTC's eAuction
Website are tentative and subject to change at MSTC's sole discretion
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. The BSTC and GTC can be seen and downloaded
by going to the Home Page of the eAuction Website and clicking on NEW
USER. Participation in the eAuction will be deemed to imply that the
Bidder has made himself thoroughly aware of and accepted the STC, BSTC
and GTC. In case of any conflict between the STC and BSTC , the STC
shall prevail. MSTC shall have the right to issue addendum to the STC or
BSTC, 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.
17. The Principal/Owner of the materials reserves the right to withdraw
at any stage the sale of any item or quantity of material either by
number or by weight or any other specific unit etc, even after issue of
Sale Order/Delivery Order. The Principal/Owner will not be bound to
assign any reason or details thereof. Value of the materials so
withdrawn, if any, and paid by the buyer will be refunded. The Principal
will however, not be responsible for any damage, loss, direct or
consequential compensation whatsoever to the buyer nor for payment of
any interest.
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