Auction Details

Auction No MSTC/VZG/Ordnance Factory Badmal/2/Badmal/14-15/

Opening Date & Time 05-08-2014::12:00:00

Closing Date & Time Scheduled Time 05-08-2014::15:00:00 C

Inspection From Date 24-07-2014

Inspection Closing Date 04-08-2014

Seller Details

Seller/Company Name Ordnance Factory Badmal

Location Badmal

Street At-Post Badmal

City BADMAL Distt Bolangir (ORISSA)

Country INDIA

Telephone 066**-******

Fax 066**-******

Email ace3wz@r.postjobfree.com

Contact Person Shri M. Ali, Additional General M

LOT NO[PCB GRP]/LOT NAME LOT DESC QUANTITY ED/(ST/VAT) LOCA

Lot No: 1

Scrap Polythene Various size

Quantity is indicative and may vary +/- 25%

Lot Name: Scrap Polythene Various size 6000 KG As Applicable / As Applicable OF-Badmal S

Total No of Lots = 1

Special Terms & Conditions

IMPORTANT: A) THE MATERIAL LIST & STC DISPLAYED UNDER VIEW FORTHCOMING AUCTIONS ON MSTC'S E

AND SUBJECT TO CHANGE AT THE SOLE DISCRETION OF MSTC/PRINCIPAL BEFORE THE START OF EAUCTIO

DOWNLOAD THE MATERIAL LIST AND STC DISPLAYED ONLY UNDER VIEW LIVE AUCTIONS FOR THEIR RECOR

ACCORDINGLY.

B) AS THE SALE IS ON AS IS WHERE IS AND NO COMPLAINT BASIS, THE SALE IS CONCLUDED AT THE PLACE W

HENCE, IT IS THE WHOLE RESPONSIBILITY OF THE BUYER TO MAKE ARRANGEMENT TO LIFT AND TR

DESTINATION AS PER THEIR DESIRE / WISH. MSTC WILL NOT ISSUE WAYBILL AND WILL NOT TAKE ANY R

MOVEMENT OF THE ALLOTTED MATERIALS. HOWEVER, MSTC WILL ISSUE TAX INVOICE FOR THE MATERIAL AL

C) All bidders are requested to use the e payment gateway for remittance of money connected with the e auctions.

available in our website www.mstcecommerce.com. This available at the right side of the page once the buyers are logged

This sale is also governed by GENERAL TERMS & CONDITIONS(GTC) and BUYER SPECIFIC TERMS & CONDITIO

CONDITION (STC) supercedes GTC and BSTC. MSTC shall have the right to issue addendum to the GTC or BSTC or ST

or delete any of the conditions, clauses or items stated therein and the Addendum so issued shall form a part of the origina

Contact Details (MSTC Ltd ROHEL DEB, JUNIOR MANAGER, Ph: 089*-******* / 2701066 / 2521566, Fax:

ace3wz@r.postjobfree.com

CONTACT PERSON/DEPARTMENT OF STOCK HOLDER: Jr. Works Manager, James Minz,PH No.(066**-******-**.

Quantities are indicative and may vary +/ 25%

1) INSPECTION OF LOT/ EAUCTION DATE : For inspection of materials, the seller/company name, date of commen

official with their contact details are as mentioned above. The e auction commencement date/ closing date are also as me

himself about the quality quantity, age, condition etc of the materials. The principle of ~CAVEAT EMPTOR~ (LET TH

registered Parties (or their Authorized Representative) should produce their e Auction Photo ID Card to the Seller or prod

downloaded from the Website.

2) EAUCTION RESULT/STATUS : It must be personally seen by the Bidders online through the link Auction Lot Statu

which will be displayed up to 7 (Seven) calendar days from the date of Closing of e Auction (excluding the date of closing

EMD/SD must be made accordingly. Immediately after closing of e Auction, a system generated automatic Sale Intimati

Successful Bidder. The bidders must always keep their registered email account valid, failing which bidders will be liable

instructions if issued by MSTC/SELLER from time to time.

3) PAYMENT OF EMD/SD: SD payable within 7 (Seven) calendar days from the date of closing of e auction. The bidder

quoted Basic value of the confirmed lots as well as for the STA lots in the form of DEMAND DRAFT drawn in favour of ""T

Badmal" payable at Badmal.

Non payment will result in automatic deactivation of Bidders Password. Although immediately after closing of e Auctio

Intimation Letter will be issued by e mail to the Successful Bidder it must be noted by the Bidders that such Sale Intimatio

the purpose of record and payment of Post Bid EMD/SD will have to be made within the stipulated time. Bidders must, the

mail. No hard copy of the Sale Intimation Letter (on Confirmed or STA basis) will be issued by MSTC. Pre and Post Bid E

value.

4) DEFAULT IN PAYMENT OF EMD/SD In case the successful Bidder fails to pay post bid EMD/SD, their pre bid EMD,

besides de activation of their login. If the last date of payment happens to be the Bank/MSTC Holiday, the payment will

EMD/SD : Post Bid EMD/SD will be @ 20% of the Sale Value for Lots Sold on Confirmed basis as well as for the Lots un

way of PO / DD of any Scheduled Bank in favour of the seller must be submitted to MSTC, or any office of MSTC (se

Offices on MSTC's Website). EMD / SD will be adjusted against the material value.

5)PAYMENT OF BALANCE SALE VALUE WITH TAXES AND DUTIES :In case of sold / confirmed lots the buyer will

within 17 (SEVENTEEN) calendar days from the date of closing of the e auction and in case of lot accepted on STA bas

within 10 (TEN) calendar days from the date of Sale Order, in the form of DEMAND DRAFT as per the following manner:

80% of Material Value, VAT and TCS etc. to be paid in f/o "The General Manager, Ordinance Factory Badmal" payable at

It must be noted by the Bidders that such Sale order/acceptance Letter will be issued by MSTC only for the purpose of re

along with taxes and duties must be made within the above specified time. If the last date of payment happens to be the B

accepted on the next working day without late payment charge.

6)DEFAULT IN PAYMENT OF BALANCE PAYMENT In case of default in payment of the balance Sale Value within the

:

may be made together with late payment charges @ 1% per week or part thereof calculated on the balance Sale Valu

However, this shall not confer any right to the Bidder to make any Late Payment of Balance Sale Value or applicable Dutie

the right not to accept the payment of the Balance Sale Value with or without additional charges after expiry of due payme

fails to pay the balance material value along with applicable Duties and Taxes & late payment charges within above m

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

payments against the e Auction even though such amount/money may be lying with MSTC/Seller on account

contract/transaction.

7)DELIVERY ORDER : On receipt of balance payment towards sale value along with taxes and duties, delivery order will

as under : The period of delivery will be 30 calendar days counted from the date of DD / PO including the date of DD / PO

be the closed Holiday for sellers, the delivery will be allowed on the next day without ground rent.

8)DELIVERY

OF MATERIAL: For the purpose of taking delivery from the Seller's Location/Depot/Plant, the authoris

authorized Photo ID Card Holder should report to the Seller along with his original Photo ID Card or the said Photo

Representative along with Authority Letter on Buyer's Letter Head after duly attesting the signature of his Representati

Photocopy of his Photo ID Card. The successful Bidder/Buyer must take prior permission from the principal before pla

material.

9)DEFAULT IN DELIVERY : In case of delay in lifting beyond the above specified period, ground rent @ 2% per day or p

be charged by the seller in advance. In case the delay is beyond 2 weeks, the seller will have the option to grant

with/without additional ground rent, depending upon the circumstances for such delay or forfeit the entire amount paid towa

10) In case of any dispute regarding payment/delivery or any other matter relating to this e auction, the decision of MSTC/

11) ARBITRATION: In the event of any dispute and/or difference arising between the Purchaser /Buyer and/or the

interpretation and or execution of the contract and/or execution of the contract and/or the respective rights and liabilit

differences shall be referred to the Sole Arbitration of the Chief Executive of the Principal for a Company registered under

the Head of the Department in case of a Govt. Department. Ordnance Factory Board Units/Defence Units, who may a

officer subordinate to him or of MSTC being not below the rank of General Manager/Director in the Govt. Dept. who shall a

of the Indian Arbitration Act. 1995, and the Rules there under shall apply to such Arbitration The award passed by such

conclusively bind all the parties

12) BLACK LISTING :The Seller and/or MSTC reserve the right to black list, debar any bidder/buyer due to any act of om

indulged or caused to be indulged by such bidder/buyer in the course of bidding process and/or in the execution or perform

be awarded to the bidder/buyer pursuant to the e auction, provided however, that the Seller and/or MSTC shall be oblige

to such bidder/buyer before any order of black listing/debarment could be passed. Any such order of black listing/debar

and/or MSTC shall be without prejudice to other right of actions available to the seller and/or MSTC against the bidde

conditions.

CLICK HERE FOR ADDITIONAL TERMS AND CONDITIONS

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