For MSTC: Tanvi Saran, Deputy
Manager, email id: nroopn5@mstcindia.in, Board no. 011-23212357, 011-23215163,
011-23217850
B) ACCOUNT DETAILS
2.All the payments pertaining
to IOCL Refinery needs to be credited in the under mentioned account no-
Account Number : 10083255084
Branch : Kapashera
IFS Code :
SBIN0006887
3. Account details of MSTC
LTD for service charges to be made through e-payment gateway:
http://mstcecommerce.com/auctionhome/RenderFileGeneralAuctions.jsp?file=BuyerManualforePayment.pdf
After forwarding the payment
through RTGS, the customer is required to provide the UTR no. immediately to
IOCL and MSTC through mail on the mail id mentioned above.
4. 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.
C) GENERAL CONDITIONS:
5. MSTC Ltd. Shall
hereinafter be referred to as MSTC and will act in the capacity of thr Indian
oil Corpn Ltd as Owners.
6. All the offer shall be
valid for a period of 90 days from the date of closing of e- auction.
7. The materials offered for
sale must be inspected prior to due date of e-auction.
8. 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/Indian oil Corpn
Ltd 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.mstcecommerce.com and click help for any assistance mail at customercare@mstcindia.co.in
9. All the materials are
offered for sale on AS IS WHERE IS basis Ex works Owners, rate must be quoted on
unit basis for each lot separately not part thereof i.e. in Rupees per unit
only. The quantity indicated against the lot are purely indicative.
10. 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.
11. 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.
12. MSTC/IOCL reserves the
right to call all the eligible bidder(s) for revised bid along with requisite
EMD for any lot.
13. The quantity in actual
may turn out to be more or less than the estimated quantity. In the event of
quantity turning out to be more than the estimated quantity the buyer has to
lift the allotted quantity(+/-20%).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 count.
14. Rate must be quoted
exclusive of applicable taxes and duties which will be charged as on date of
delivery. Any variation in such taxes and duties will be borne by the buyers.
D) INSPECTION DETAILS:
21. Instructions for
inspection of material:
a) Inspection of material
shall be allowed only in the period given in catalogue.
b) Bidder coming for
inspection must carry valid MSTC card along with him.
c) Authorization letter for
inspection will have to be submitted to IOCL if bidder is sending their
representative for inspection.
d) Maximum 2 persons from one
party shall be allowed to inspect the material at a time.
15. 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.
E) POST BID FORMALITIES
16. E-auction lot
Status/result: 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 e-Auction which will be
displayed up to 7 (Seven) days from the date of Closing of e-Auction (excluding
the date of closing of e-Auction) and payment of Post-Bid EMD/SD must be made
accordingly. Although immediately after closing of e-Auction, a system generated
automatic Sale Intimation Letter will be issued by e-mail to the Highest Bidder
for accepted/STA lots. The bidders must always keep their registered email
account valid, failing which bidders will be liable for non-compliance of
payment/delivery instructions if issued by MSTC/SELLER from time to time.
17. The Contract shall be
treated as having been entered into as soon as the bid is confirmed in favor of
the successful bidders. The period of contract shall be of sixty 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.
18. The bidders shall submit
Earnest Money Deposit RTGS/NEFT in favor of Indian oil Corpn Ltd within 7 days
from date of e-auction for accepted lots. For STA lots, the EMD must be
submitted within 7 days of approval of the said lot(s). The EMD must be @10% of
the net sale Value quoted (excluding taxes& duties). Upon issue 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.
19. The balance payment is to
be paid by the buyer in two parts within 7 days from date of issue of AL or 14
days from approval of Lot (whichever is earlier) - (i) Balance Payment in favour
of IOCL at the above mentioned Bank Account and (ii) Service Charge + IT-TDS to
MSTC via ePayment.
The break up of payments
shall be mentioned in the sale order.
20 Payment dates for
installments shall be strictly adhered to irrespective of whether lifting of
earlier installments are completed or not.
21. If payment against basic
cost only is deposited and amount of GST and Late Payment Fee, if any, etc. is
not deposited by buyer then the seller/stockholder at its own discretion shall
issue relevant site delivery order for reduced quantities after adjusting the
GST/ Late payment charges etc.
22. For delayed payment of
balance sale value along with taxes and duties, late payment charge @ 1% per
week or part thereof for a maximum period of 14 calendar days has also to be
charged which should also feature in the STC However, this shall not confer any
right to the Bidder to make any Late Payment of Balance Sale Value or applicable
Duties and Taxes and MSTC/IOCL reserves the right not to accept the payment of
the Balance Sale Value with or without the additional charges after the expiry
of the due payment time as mentioned above.
23. Delivery period: The
successful bidders shall lift the all allotted material lying in the lot
allotted to them by employing their own labor and transport at their own cost
within 1 month from the date of Delivery Order (including date of issue)/or as
stipulated by MSTC LIMITED.
F) DELIVERY/ LIFTING
24. The Bidders/customers
workmen shall have to abide by the rules regulation including safety & security
regulation of the relevant statutory Acts. Entry inside the works should only be
against Gate pass for the men and equipment for which purchaser will have to
apply well in advance before lifting commences.
25. The Buyer will employ his
own labor and means; at his own cost and risk for removal/collection/shifting of
scrap as per schedules and payment of wages/compensation to the laborers will be
the sole responsibility of the buyer. The purchaser shall ensure that his
workmen do not loiter around within the stores area of the factory areas. They
shall not touch any material except those material shown to them. If any of his
workmen is even found violating these restriction, the purchaser shall be
responsible for making good the loss to the owners on which their decision shall
be final and binding.
26. In case of delayed
lifting, the collection of ground rent in advance shall be the sole
responsibility of the seller before effective delivery. The rate of ground rent
beyond the free delivery period shall be @ 2% per week or part thereof for a
maximum period of 14 calendar days.
27. In case of Goods sold on
Lot Basis, the Ground Rent will be calculated at the rate specified above on the
value of the entire Lot even if lifted in part, where as in case of Goods sold
on Unit Weight or Unit Number Basis, the Ground Rent will be calculated on the
value of unlifted quantity However it must be noted by the Bidders that it will
be the sole discretion of the Seller not to allow the Buyer to lift the Goods
with or without the Ground Rent after the expiry of the stipulated free Delivery
period or even within the aforesaid additional period of 14 (Fourteen) Days and
in such event, the sale of the material not lifted by the Buyer(s) will be
automatically cancelled and all the moneys paid by the Bidder /Buyer will be
automatically forfeited.
28. Buyer has to lift the
Materials on weight/lot basis as indicated in tender. Gas Cutting or any cutting
is NOT allowed. Scrap Lifter has to lift the misc. Scrap systematically from one
side where these Scraps are lying. "Pick and Choose" of the items will be
strictly prohibited. The Buyers shall remain responsible for observance of
Security Standing Instructions and normal Security Norms of IOCL
locations/Refinery Battery area.
i. The quantity, quality,
measurement and condition of the materials indicated are all approximate.
Participation and bidding by anyone in this sale shall be treated as conclusive
evidence of the fact that the party has inspected the materials offered for sale
and satisfied himself in all respect regarding quantity, quality, measurement,
weight and condition of materials, taxes and duties, local working condition and
other extraneous factors and principle of Caveat Emptor (let the buyer beware)
will apply.
ii. It shall be implied and
taken for granted that the party has carefully gone through and understood the
terms and conditions of e-Auction including the amendments if any, prevailing at
the time of bid.
iii. NO COMPLAINTS or
objections shall be entertained by IOCL/MSTC or the Authorities after the bid is
opened / accepted.
iv. IOCL does not give any
warrantee or guarantee for the quality, chemical composition of each individual
items in the lot or about the end use or fitness for a particular purpose.
30. Delivery Order quantity
tolerance should be +/-30% in case of measurable items (not applicable for Lot
wise items). Further Quantity mentioned in the lot for different items are
tentative and there may be variations.
31. Bidders have to quote
their rates separately for each LOT. Bidders quoting for combined lots shall be
rejected out-rightly. If successful bidder fails to lift the material after
issuance of sale order/ D.O., their EMD shall be forfeited.
32. The following items do
not attract provisions of TCS as they do not arise from manufacture or
mechanical working of materials.
·Packing materials, old &
unusable furniture/ office equipment
·Lube Drums/Containers
33. Further, please note that
during scrap sale "no tax will be collected at source from a resident buyer who
purchases goods for the purposes of manufacturing, processing or producing any
article or thing (or for the purpose of generation of power) and not for the
purpose of trading if the resident buyer submits a declaration in duplicate in
Form 27C with his PAN number. Form 27C so collected shall be submitted to
Jurisdictional Commissioner within 7th of succeeding month.