Auction Details

Auction No
MSTC/VZG/MMTC LTD/2/MMTC Bhawan Port Area/24-25/25279[455923]
Opening Date & Time
12-09-2024::13:00:00
Closing Date & Time
12-09-2024::16:00:00
Inspection From Date
04-09-2024
Inspection Closing Date
11-09-2024
EMD Type
Auction Wise
EMD Amonut
100,000.00



Seller Details

Seller/Company Name
MMTC LTD
Location
MMTC Bhawan Port Area
Street
MMTC Bhawan Port Area Beside Custom House
City
VISAKHAPATNAM - 530001
Country
INDIA
Telephone
9007704397
Fax
Email
bidyutbiswas@mmtclimited.com
Contact Person
Bidyut Biswas



LOT NO[PCB GRP]/LOT NAMELOT DESCQUANTITYGSTLOCATION
Lot No: 1
Lot Name: Items for disposal at MMTC Vizag
LIST OF ITEMS FOR DISPOSAL AT MMTC VIZAG:

1. Strong Room(Bullion Vault)-I- 1No.

2.Strong Room(Bullion Vault)-II- 1No.

3.Doors & Safes (Strong Room)- 2Nos.

4.Godrej Safe with Cashier- 1No.

5.Cash Box- 1No.

6.Cash Box with Big Almirah- 1No.

7.Elec.Alarm of Strong Room- 1No.

Note: Keys shall be provided where available.

Bidder shall dismantle to take out the strong room (Bullion Vault)-I & II and Doors & Safes (Strong Room) and also undertake necessary repair/reconstruction of damaged/broken structure of vault room and related areas, if any.

IMPORTANT NOTE FOR BUYER : PBE OF RS.1,00,000-/ WILL BE CONVERTED AS ADDITIONAL SD AND WILL BE REFUNDED BY MMTC ONLY AFTER LIFFTING OF MATERIAL.

Scope of Work (As per Annexure)

CLICK HERE FOR SCOPE OF WORK

1 LOT As Applicable / 18% MMTC Limited MMTC Bhavan, Port Area, Visakhapatnam 530001 State :Andhra Pradesh
Total No of Lots = 1
 
Special Terms & Conditions
 
 

START PRICE RS.80,000/-

 

Important Notes for Buyer/ Bidder:- Bidders after successful login will get three new links at their homepage as

 Pay Pre Bid EMD         EMD Refund Request         EMD Ledger

A special link Pay Pre Bid EMD has been provided to bidders in their login for payment of EMD. Bidders are required to submit payment through the link  only latest by 19.08.2024

Account Name: MSTC LIMITED  After login in http://www.mstcecommerce.com/ -> Pay Pre-Bid EMD -> Select Payment Type: -> select NEFT / RTGS Challan (for Challan payment only)(at Buyers login or Home Page).

 

CLICK HERE FOR PAY PRE BID EMD GUIDELINE

Disclaimer : Financing under Procurement Financing Model shall not be part of terms & condition of e-auction and the same shall be dealt separately as per policy of the company. The company reserves the right to accept /reject any proposal from the bidder.   

Important Clause:-  "Buyer / Bidder will have to deposit the SD/EMD & Material Value in the Bank Account of Seller / Principal   but  not in MSTC's Bank Account. Only Service Charge favoring MSTC will be deposited in MSTC's Bank Account.  If Buyer / Bidder deposits the payment favoring the Seller / Principal in MSTC's Bank Account, it will be refunded back to Buyer's / Bidder's Account."

Import note strictly followed:- SD  to be deposited with MSTC only  & BALANCE MATERIAL VALUE should be paid through  NEFT / RTGS:- Bank Name :STATE BANK OF INDIA,Branch :Asilmetta,A/c No : 10308090583 ,IFS Code :SBIN0014407

MSTC  SERVICE CHARGE payment SHOULD BE submitted by bidders only by RTGS/NEFT using our e-payment gateway available in bidder's login page SELECTING MSTC SERVICE CHARGE.

Pre-bid EMD of successful/unsuccessful bidder for particular e-auction/lot, will not be adjusted with EMD , balance value or in forthcoming e-auction.

IMPORTANT NOTE FOR BUYER : PBE OF RS.1,00,000/- OF THE H1 BIDDER WILL BE CONVERTED AS ADDITIONAL SD AND WILL BE  FORWARDED TO MMTC. ADDITIONAL SD AMOUNTOF Rs.1,00,000/- WILL BE KEPT TILL COMPLETION OF CONTRACTUAL OBLIGATION AND ON COMPLETION OF DISMATLE WORK AND WILL BE REFUNDED BY MMTC..

Contact Details (MSTC Ltd): Smt. K. SHEELA,  MANAGER, OFFICE NO.0891-2701066, 2746948,  E MAIL ID:ksheela@mstcindia.co.in OFFICE ADDRESS : MSTC LIMITED, D.NO.42-1-45/1/1,4TH FLOOR,JEEVAN SAMRIDDHI,LIC ANNEX BUILDING,THIKKANNA ROAD, VISAKHAPATNAM - 530 004(A.P).

Contact Details of Seller:  a) Shri N Nandi, Chief Manager , Mob: 9483816748 b) Shri Bidyut Biswas, Sr.Manager, Mob: 9007704397

 

GST Clause

Only GST Registered Bidders are allowed to Bid in the Auction.

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.

GST RATES  SHALL BE APPLICABLE.

"ALL E-AUCTION RELATED PAYMENT SHOULD BE MADE LOT-WISE SEPARATELY BY RTGS/NEFT ONLY THROUGH E-PAYMENT GATEWAY OF MSTC LTD. PAYMENT BY DD/PO SHALL NOT BE ACCEPTED IN ANY CASE." 

This e-Auction sale is governed by the

GENERAL TERMS AND CONDITIONS (GTS),
BUYER SPECIFIC TERMS AND CONDITIONS (BSTC) AND

SPECIAL TERMS & CONDITIONS (STC)   

NOTE: - TCS IS APPLICABLE FOR ALL ABOVE LOTS  

OF THE E-AUCTION IN CASE OF ANY CONFLICT OR DEFFERENCE AMONG ANY PROVISIONS OF GTC, BSTC & STC, THE PROVISIONS OF STC WILL SUPERCEDE OTHERS  IN THE PARTICULAR E-AUCTION.  THE SPECIAL TERMS & CONDITIONS APPEARING ON THE DAY OF LIVE-AUCTION ARE FINAL AND WHICH MAY BE DOWNLOADED. ALL THE APPLICABLE TAXES DUTIES/TAXES /LEVIES WILL BE CHARGED, PLEASE REFER TO CLAUSE NO:12 FOR FURTHER DETAILS.

IMPORTANT : THE MATERIAL LIST & STC DISPLAYED UNDER VIEW FORTHCOMING AUCTIONS ON MSTC'S EAUCTION WEBSITE ARE TENTATIVE AND SUBJECT TO CHANGE AT THE SOLE DISCRETION OF MSTC/PRINCIPAL 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, AND BID ACCORDINGLY. FOR BUYERS GUIDELINES VISIT www.mstcecommerce.com AND CLICK Help.

1) INSPECTION OF LOT/ EAUCTION DATE : For inspection of materials, following Officials of MMSTC may be contacted  between 11AM to 4PM on all working days between11AM to 4PM on all working days till 16:00Hrs.:

The buyer has to satisfy himself about the quality quantity, age, condition etc of the materials.. The registered Parties (or their Authorized Representative) should produce their e-Auction Photo ID Card to the Seller or produce a copy of this e-Auction Catalogue downloaded from the Website.

2) E-AUCTION RESULT/STATUS : It 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) calendar 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. Immediately after closing of e-Auction, a system generated automatic Sale Intimation Letter will be issued by e-mail to the Successful Bidder. 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.

3) EACH LOT IS TREATED AS SEPARATE 
CONTRACT.

4) PAYMENT OF EMD/SD :Within 7 (Seven) calendar days from the date of closing of e-Auction (excluding the date of e-auction closing) by the highest Bidder whose bid is accepted as follows.

4.1) Rate of EMD/SD : Post-Bid EMD/SD will be @ 25% of the Sale Value for Lots Sold (accepted) on Confirmed  &For STA Lots EMD/SD:  Post-Bid EMD/SD will be @ 25% will be deposited by the buyer after confirmation of the lot by the Seller

 

CLICK HERE FOR EPAYMENT GATEWAY

2) EMD/SD  to be deposited with MSTC and balance payment to be deposited directly with SELLER , on obaining payment  confirmation by SELLER  regarding payment & on receipt of MSTCs  Ser.Ch  necessary Delivery Order will be issued.

4.3) Post-Bid EMD/SD :To be deposited  directly with MSTC If the last date of payment happens to be the Bank/MSTC Holiday, the payment will be accepted on the next day.  Although immediately after closing of e-Auction, a system generated automatic Sale Intimation Letter will be issued by e-mail to the Successful Bidder it must be noted by the Bidders that such Sale Intimation Letter will be issued by MSTC only for the purpose of record and payment of Post-Bid EMD/SD will have to be made within the stipulated time. Bidders must, therefore keep a watch on their incoming e-mail. No hard copy of the Sale Intimation Letter (on Confirmed or STA basis) will be issued by MSTC.

5) In the case where Pre-bid EMD is paid by the bidder and balance EMD is not received within stipulated period, Pre-bid EMD of the bidder shall be forfeited and login shall be activated.

6) PAYMENT OF BALANCE SALE VALUE WITH TAXES AND DUTIES AS PER THE SALE ORDER ISSUED BY HAS TO BE MADE:

6.1) For Accepted lots & STA Lots: For Accepted and  for STA lots  payment period will be 15(fifteen) days from the date confirmation received from SELLER.

Pre-bid EMD of unsuccessful bidder for particular e-auction/lot, will not be adjusted with forthcoming e-auction.

Although immediately after receipt of EMD/SD, a Sale Order/Acceptance letter will be issued to the Highest Bidder advising him to deposit the remaining sale value along with taxes and duties within the above stipulated time through RTGS/NEFT in the manner indicated in the sale order, it must be noted by the Bidders that such Sale order/acceptance Letter will be issued by MSTC only for the purpose of record and payment of balance sale value along with taxes and duties must be made within the above specified time. If the last date of payment happens to be the Bank/MSTC Holiday, the payment will be accepted on the next working day without late payment charge.

7) DEFAULT IN PAYMENT OF BALANCE PAYMENT: In case of default in payment of the balance Sale Value within the prescribed time limits, the due payment may be made together with late payment charges @ 1% per week or part thereof calculated on the balance Sale Value and on GST for a maximum period of two weeks. 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/Seller reserves the right not to accept the payment of the Balance Sale Value with or without additional charges after expiry of due payment time as mentioned above. If the buyer fails to pay the balance material value along with applicable Duties and Taxes & late payment charges within above mentioned due date, then Pre-& Post bid EMD/SD of particular lot will stand forfeited automatically.

Besides above, MSTC/Seller reserves the right to forfeit any amount/money lying with MSTC/Seller from the successful Bidder who defaults in making the due payments against the e-Auction even though such amount/money may be lying with MSTC/Seller on account of the said Bidder against any other contract/transaction.

KINDLY NOTE THAT PENALTY CHARGES FOR DELAY IN DEPOSITING PAYMENT AND DELAY IN LIFTING OF MATERIAL i.e  GROUND RENT  CHARGES WILL BE CHARGED ON BALANCE SALE VALUE AND ON GST.

8) DELIVERY ORDER : On receipt of balance payment towards sale value along with taxes and duties, delivery order will be issued indicating the delivery period as under : The period of delivery will be 30 calendar days counted from the date of  issuing Delivery Order. If the last date of delivery happens to be the closed Holiday for sellers, the delivery will be allowed on the next working day without ground rent.

 CLICK HERE FOR ADDITIONAL TERMS & CONDITIONS

455923