Special Note:
In the case of FORM 27C, buyers are required to file and verify the said FORM, in electronic mode on the Income tax portal and provide the same electronically filed Form to VODAFONE IDEA LIMITED before delivery.
All the material will
be lifted by buyer on "As is where is basis".
There may be a
variation of +5% or -5% on the declared quantity as mentioned.
Buyer has to
co-ordinate with warehouse incharge & finalize the lifting schedule.
All the payments will
be made by Buyer inclusive of all taxes (GST and TCS) and submit in advance
before lifting.
Arrangement of
vehicle, Driver, Labour, Weighment of material either at field or at Dharam
Kanta are in scope of buyer. The Weighment would be carried out at 02 Bridges
(For Empty Vehicles + Loaded Vehicles) and higher weighed Scale between the two
would be considered for billing purposes.
All the material will
be lifted in presence of External Auditor; scrap warehouse incharge with
coordinators, security persons and Third party auditors.
Meters will be sold
out after hammering up to crushed only. Hammering/crushing are in scope of
buyer. However no Cutting or use of Gas Burners would be allowed inside WH
premises due to safety reasons.
Any variation to
specified quantity in terms of Deficiency / Excess during lifting of scrap to be
treated as per MSTC guidelines.
Road permit or any
other as octroi, freight, packing forwarding, chungi, naka etc. are in scope of
Buyer.
PLEASE NOTE:
THE AUCTION CATALOGUE
ON THE LIVE E AUCTION FLOOR SHOULD BE TREATED AS FINAL AND BINDING.
PAYMENT CLAUSE: In
case the date of submission of payment happens to fall on a Public / Bank Holiday, the
next day shall be considered as the date of submission of payment.
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.
SPECIAL TERMS AND
CONDITIONS:
MSTC Ltd. shall
hereinafter be referred to as MSTC and Vodafone Idea Limited as owners.
All the offer shall
be valid for a period of 30 days from the date of closing of e-auction.
The materials offered
for sale must be inspected prior to due date of e-auction. For inspection &
other related matters, bidders may contact warehouse incharge notified in
catalogue. The list is only illustrative/indicative. Prospective bidders are
advised to inspect the material thoroughly with the list. In case of any
discrepancy, the matter must be informed to the concerned officials of the
Seller/MSTC prior to the commencement of the e auction, failing which no
complaint in this regard will be entertained.
The bidders shall
submit Earnest Money Deposit online in a/c of VODAFONE IDEA LIMITED as per details below
and as per sale intimation letter within 7 days of e auction for SOLD lots. 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. For STA lots , EMD is to be paid from the date of
acceptance of the item/s (acceptance will be notified by system generated mail
once decision is given by the seller). Bidders will be deactivated automatically
if they do not pay Security Deposit within the specified time starting from the
date of acceptance.
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 30 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.
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.
6.1 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 (+/-5%). 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.
Rate must be quoted
exclusive of taxes as applicable will be charged. Any variation in GST will be
borne by the buyers.
Bidders shall submit
his/their income tax clearance certificate (latest) partnership deed of org. as
and when demanded by MSTC/Owners.
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.
The Buyer will employ
his own labour and means; at his own cost and risk for
removal/collection/shifting of scrap as per schedules and payment of
wages/compensation to the labourers will be the sole responsibility of the
buyer. The purchaser shall ensure that his workmen do not loiter around within
the warehouse area. 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.
PAYMENT PERIOD : The cost of each lot of materials along with all taxes
and duties must be paid by the buyer in EQUAL installment as per per table given
below:
Net sale value (excluding of taxes/
duties) for each lot |
No. of Installments |
Payment period counted
from date of letter of acceptance (including date of issue) |
Up to & including Rs. 50
lacs. |
1 |
7
days |
ABOVE Rs. 50 lacs |
2 |
7 days for first
instalment; 14 days for second instalment |
Note: EMD/SD will be
adjusted in the last installment.
NET SALE VALUE (EXCL.
TAXES/ DUTIES) WILL HAVE TO BE SUBMITTED BY THE HIGHEST BIDDER (as above) FROM
THE THE DATE OF ACCEPTANCE LETTER/SALE ORDER OR LAST DATE OF EMD SUBMISSION
WHICHEVER IS EARLIER. The details of payment to be made is to be seen from the
sale order where the entire break up of payment will be available
PAYMENT TO MSTC:
1. Net banking Option: The amount will be
credited in T+1 EOD basis, so the buyer should remit the fund through Net
banking 24 hours before the last day mentioned in the Auction Catalogue. Fund
transfer through Net banking is NEFT transaction and the same will be credited
in MSTC account the next very day excluding Sunday/holiday as per RBI
guidelines.
2. Buyer has to inform the details such as amount
transferred, date of transfer, buyers bank name, UTR No., Auction No., Lot No.,
payment type such as Pre-bid EMD, EMD, Material Value, Taxes, Full Value, etc to
the DT Official whose name is appearing in the Auction Catalogue on the same day
of the date of transaction. MSTC has no responsibility of delay in issue of AL,
DO, etc in case buyers failed to inform through mail.
Click Here For procedure
of e-payment by RTGS/NEFT
After forwarding the payment through RTGS/NEFT,
the customer is required to provide the UTR no. immediately to VODAFONE IDEA LIMITED &
MSTC through e-mail,
Please Note:
Payment towards balance sale value
should only be deposited by RTGS/NEFT mode in account of MSTC as mentioned above , and in no case payment through Demand Draft
shall be accepted. Payment towards GST/IT should also be deposited through RTGS
only.
11.1 LATE PAYMENT PENALTY : If the payment is not
made within the free payment date mentioned in the Acceptance Letter, the
payment may be accepted on the discretion of MSTC/Vodafone Idea Limited upto a period of
two weeks from the last date of payment on payment of additional late payment
penalty @ 1% per week on the sale value and thereafter on the sole
discretion of VODAFONE IDEA LIMITED.
Note: (i) If payment against basic cost only is
deposited and amount against GST and Late Payment Fee, if any, etc. is not
deposited by purchaser then VODAFONE IDEA LIMITED at its own discretion shall relevant
site delivery order for reduced quantities after adjusting the GST/ Late payment
charges etc.
11.2 DELIVERY PERIOD: The successful bidders
shall lift all allotted material lying in the lot allotted to them by employing
their own labour and transport at their own cost within
30 Days from the date
of Delivery Order (including date of issue) by MSTC LIMITED.
11.3 Ground Rent @ 1 % per week or part there of
beyond free lifting period will be levied and up to 2 weeks maximum, provided
written request is received before the expiry of free lifting period, if no such
request for extension is received, the sale order stands cancelled & security
deposit forfeited on completion of free lifting period.
11.4 VODAFONE IDEA LIMITED reserves the right to withdraw
in part or full or to close the contract any time during the currency of
contract without assigning any reason thereof. This will not entitle the buyer
to demand compensation or right for delivery of full qty. by way of extension of
contract.
12.0 For lifting of waste oil, batteries,
non-ferrous waste such as lead, copper, zinc waste, e-waste etc, following
certificate should made available with the buyer at the time delivery :
i) Valid letter from the pollution control under
air & water act.
ii) Valid authorization from the appropriate
authorities as per law for handing of hazardous wastes under the hazardous
wastes (Management & handling) rules 1989.
12.1 MSTC/VODAFONE IDEA LIMITED reserves the right to call
all the eligible bidder(s) for revised bid along with requisite EMD for any lot.
13.0 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.
14. 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.