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Auction related information
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Payment: |
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EMD
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25 %
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EMD DAYS
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7 days
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EMD Payment in favour of
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MSTC Limited
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EMD Payment Mode
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Online
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Balance Payment in favour of
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MSTC Limited
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Balance Payment Mode
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Online
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Balance Payment Period
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15 days from the date of acceptance letter by MSTC
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Late Payment penalty
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1% per week on the total sale value upto two week
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Delivery:
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Lifting Period
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90 days from the date of Sale Release Order issued by the Seller
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MSTC Contact Details
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HELP DESK: 079-69066600; Email ID : helpdesk@mstcindia.co.in
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Seller Contact details
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Person: EE
Desig : EXECUTIVE ENGINEER- I
eMail: EXEALIPWD@YAHOO.COM
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Telephone: 6292121943
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As per Notification No.36/2017 Central Tax (Rate) dated 13-10-2017 and
Notification No.37/2017 Integrated Tax (Rate) dated 13-10-2017, Principal /
Seller being Govt. Unit, so GST and Cess on Goods will be deposited by Buyer
under Reverse Charge Mechanism. LIST OF THE MATERIAL ARE INDICATIVE IN NATURE AND WILL BE SOLD ON LOT BASIS. BIDDERS HAVE TO SATISFY THEMSELVES ABOUT THE QUANTITY/ QUALITY OF THE MATERIAL BEFORE BIDDING. LOT WILL BE SOLD AS IS WHERE IS AND NO COMPLAIN BASIS.
FOR ANY QUERIES, PLEASE CONTACT : AT MSTC, KOLKATA :
Sabyasachi Mukherjee , SM , ERO , PHONE NO. 7278030407; Email ID : eroopn2@mstcindia.in, smukherjee@mstcindia.co.in
K Kranthi Kumar, DM, ERO, PHONE NO. 9174009882 Email ID : eroopn7@mstcindia.in MSTC HELP DESK:: 079-69066600, Email ID : helpdesk@mstcindia.co.in
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 @ 25 % 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 Number with the respective
office of MSTC Ltd. (from where Auction is conducted) for updating Seller
Registration details. 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
PWD, GOVERNMENT OF WEST BENGAL as
owners.
2. All the offers shall be valid for a period of 30 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 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 @ 25% of the net sale value quoted (excluding all taxes & duties)
against each lot. 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 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. Buyers request for sale against C form/ CST may be considered at the sole
discretion of the Principal/Seller and in the event of the Principal not
agreeing to the same, Buyer will have to pay the 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 :
The 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. 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.
The RTGS details of Seller A/c is as under:
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.
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:
https://www.mstcecommerce.com/auctionhome/RenderFileGeneralAuctions.jsp?file=BuyerManualforePayment.pdf
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 90 days from
the date of Sale Release Order issued by the Seller/Delivery Order by MSTC
LTD. 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 90 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 90 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.
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 WEB-SITE www.mstcindia.co.in"
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