Bidders after successful login will access Pay
Pre Bid EMD link at their
homepage to make pre-bid payment through RTGS/NEFT. Pre-Bid EMD must be paid by
the bidder (NEFT/RTGS) using the "PAY PRE-BID EMD" link only. DO NOT PAY PRE-BID
EMD BY "E-PAYMENT" LINK OR DD/PO.
PRE BID EMD PAYMENT PROCEDURE :
-> Click on "PAY PRE-BID EMD" Link given inside your MSTC ecommerce Scrap
e-Auction Login Home Page.
-> Enter the required PRE-BID amount as mentioned in auction catalog against
Lots / auction.
-> Click on Proceed to Payment
-> Click the bank in which the bidder wishes to generate the FIXED/Virtual Account
Number (VAN) for.
-> Transfer the amount in the generated FAN/VAN as per the convenience of bidder.
Credit of Pre-bid EMD shall be given to the bidder only after receipt of payment
in specific MSTC H.O. Bank accounts and after updation of such information in
the e-Auction website. This may take some time as per banking process and hence
bidders, in their own interest, are advised to submit the pre-bid EMD amount
well in advance to avoid any last minute problems.
Pre-Bid EMD must be paid by the bidder (NEFT/RTGS) through the above stated link
only otherwise the pre-bid activation will not work. Refund to non H1 bidder as
per their online request will be processed from H.O. within 3 days from the date
of refund request using the "EMD REFUND REQUEST" link which shall be active only
between 6:00 a.m. to 12:05 p.m. one day after close of e-Auction. Refund to
Bidder as per their online request will also be processed from MSTC, Head
Office, Kolkata in the next 3 working days.
This amount can be used as Pre-Bid EMD only and can not be used for any other
purpose.
Pre Bid EMD paid through any other method shall subsequently be refunded without
activating the bidder and the bidder shall not be able to participate in
e-Auction.
THE PRE-BID EMD OF H-1 BIDDER SHALL BE RETAINED WITH MSTC LTD. TILL THE
SUCCESSFUL H-1 BIDDER DEPOSIT THE LAST Instalment, FAILING WHICH THE PRE-BID EMD
AMOUNT OF H-1 BIDDER SHALL BE FORFEITED. The pre-bid EMD shall be adjusted in
the last Instalment only.
Contact Details for MSTC Limited, New Delhi-SHRI MANOJ PANDEY, MANAGER; e-mail id:
mpandey@mstcindia.co.in, 9727700986
SPECIAL ADMONITIONS IN RESPECT OF SALE/ LEASE OF IMMOVEABLE PROPERTIES
The Bidders/ Buyers are advised to note the following amongst others, before
bidding:
1. The Auction Provider i.e., MSTC Limited does not warrant or hold out any
assurance or guarantee that the properties of the Seller/Owner to be sold/leased
out through e-auction/s are free from encumbrances/ charges/ liens/ mortgage/
lis pendes whatsoever.
2. The Bidders/ Buyers are required to satisfy themselves through proper
searches and enquiries about the title of the Seller/ Owner of the properties
put up for sale/lease. The Auction Provider assumes no responsibility or
liability for patent or latent defects, if any in the title and/or possession of
the Seller/ Owner which cannot be discovered by the Bidders/ Buyers by exercise
of ordinary prudence and diligence.
3. The properties being put up for sale at any particular e-auction in the
portal of the Auction Provider do carry no warranty or assurance of soundness
and MSTC Limited does not warrant or hold out any assurance or guarantee to the
Bidders/ Buyers for which the Bidders/ Buyers are required to satisfy themselves
by due enquiries and searches with the Seller/ Owner. In no event the Service
Provider, i.e., MSTC Limited shall be held to be liable for any defects in
title, subsisting encumbrances, charges or litigations on the properties put up
for Sale/lease
4. Pursuant to issuance of CBIC Notification No. 25/2024-Central Tax dated
09.10.2024, it may be noted that necessary compliance for the payment relating
to Tax Deduction at Source under Section 51 of the CGST Act, 2017 on metal
scrap, wherever applicable, is to be dealt directly by the Buyer with Seller.
TDS at the rate of 2% under GST is applicable only when seller and buyer are
both registered under GST as regular taxpayer. Since GST TDS is a compliance
matter pertaining to the buyer & seller only, MSTC Limited as a Service Provider
will not intervene in the matter. Accordingly, the payment is to be done
strictly as per the Payment Schedule mentioned in the auction catalogue.
