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 WEBSITE, www.mstcindia.co.in

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.

MSTC Customer Care number - 07969066600 (with IVRS system)
MSTC Vadodara Office Number: 0265-2960354/79/85

Click Here for Terms and conditions of GSRTC

1) No negotiation will be allowed after the auction.
2) All Payment other than security deposit and pre-bid EMD to be made in GSRTC directly.
3) Compulsory Documents/Certificates to be to be submitted by H1 bidder to GSRTC:

1) Proof of Adulthood -PAN Card and Any one of this compulsory Election Voting / Identity card / Driving License

2) Proof of Residence -Any one of this compulsory Aadhar Card/ Light Bill / Ration Card

3) Original Affidavit with Notarized on Non Juridical Stamp paper of Rs. 300/- with two witnesses (both witness must be other than family members) to be produce with declaration of (1) I am not involved in any criminal activity and no criminal proceedings are pending at the police station. (2) No debt is pending of the Corporation. (3) Applicant or their family is not black listed for two (02) years from the date of auction.

4)In case of Restaurant, experience certificate of One year from any Hotel owning business or Hotel /Restaurant of the Manager or Responsible person to be produce in original or attested copy.

5) If participant belongsto Schedule Cast/ Schedule Tribea copy of attested Certificate issued by Social Welfare Officer to be submitted compulsory. Or if participant is any Co-operative Society or organization / a Public Service organization having 1/3 number of members belongs with Schedule Cast/ Schedule Tribe must produce supporting documents for the same.

6) In case of Individual participant, a recent color passport size photograph to be submitted.

7) In case Organization / Sakhi Mandal / Andhjan Mandal / Co-operative organization / Society a recent color passport size photograph of both President and Minister to be submitted.

8)H1 bidder must declare the purpose for which business they are applying and must attached the list of items, List of Food items to be sold duly Singed and Seal by Self/Organization.

Payment Terms:
1. PRE-BID EMD :The intending buyers have to deposit pre-bid EMD as detailed favouring MSTC Limited by way of online transfer of payment through RTGS/NEFT, which must be routed through MSTC website only. The process to be followed by Bidders for payment of Pre-Bid:

Bidders after successful login will get three new links at their homepage as

CLICK HERE FOR Pre-Bid EMD Guide

a. Pay Pre Bid EMD
b. EMD Refund Request
c. EMD Ledger

Bidders are requested to click on the link Pay Pre Bid EMD and generate the pre bid EMD payment challan. This challan shall be valid for three days from the date of generation. For separate transaction separate challan is to be generated. After generation of the challan the bidders has to get the amount transferred from their bank through NEFT/RTGS.

Pre bid transferred by any other link will not be considered for bidding in the auction. Submission of Pre Bid EMD through DD/PO is not acceptable.

The amount deposited by the bidders will be updated on receipt of confirmation from bank. Thus the bidders are advised to deposit the pre bid EMD well in advance.

Once the EMD is received and intimation is received from the bank the amount will be visible in the buyer's login through the link EMD ledger.

In case the bidder wants to apply for refund they may apply for refund from their login through the link EMD refund request. Refund to bidder as per their online request will also be processed from MSTC HO on the next working day. This payment will be credited to a specific MSTC HO PNB account only and as per successful bidding, equivalent amount will be forwarded to respective Region/Branch on the next working day. This pre-bid EMD cannot be used for any other purpose.
Remittance of pre-bid EMD should be done strictly as per the process detailed above. The Pre-Bid amount will be liable for forfeiture for any failure of the successful bidder to fulfill any of the terms and conditions of the E-Auction. No interest is payable on this pre-Bid EMD. LPC applicable due to wrong payment mode shall be responsibility of the Buyer

2. NOTE FOR Security Deposit Payment after auction:Bidder must submit security deposit within 7 days from e-auction/Acceptance of Lot. The system of acceptance of e-Payment made by buyer to MSTC Vadodara shall henceforth be completely system based and automatic. As such buyers are requested to generate separate e-Payment challans for each transaction using the "e-Payment" link provided in their buyer login and select payment type as EMD and region as Vadodara and select auction number and lot number and make payment by NEFT/RTGS or online banking using particular challan details. In case of any mismatch in payment transaction and challan generated the buyer's payment may not be accepted/authorized by the system. Any delay/penalty imposed due to non-acceptance of e-Payment made by the buyer using old/used/wrong challan, shall solely be the liability of the buyer and MSTC/Seller shall not be responsible for the same. Please refer e-Payment Guide for proper procedure of making payment.
e-Payment & RTGS/NEFT Payment Link 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 on or before due date.

The buyers have to make payment by RTGS/NEFT from their own account only. No third party payment shall be accepted.

CONTACT PERSON OF SELLER / STOCK-HOLDER

Mr. L P Dabhi, INDIA (Ph.:0285-2652421, comgsrtc97@gmail.com) who are the Owner / Seller / Stockholder of Goods, hereinafter referred to as PRINCIPAL.

MSTC Ltd. (the Selling Agent of the PRINCIPAL) will be hereinafter referred to as MSTC. (Contact Person of MSTC: Mr MAYANK ARJUNBHAI BHANUSHALI, Ph. 0265-2960379,2960385,2960354,Extn: 210).

ADDITIONAL TERMS & CONDITION

[A] After entering any Bid (in figures) on the Auction Floor, the Bidder must check/re-check, the same (including the number of zeroes) before clicking the ~BID~ button. Once the ~BID~ button is clicked the Bid will be accepted by the system and no correction can be made.

[B] The Auction List and Special Terms & Conditions (STC) being displayed in the Auction Notification under View Forthcoming Auctions on MSTC s e-Auction Website or being displayed in MSTCs Corporate Website (www.mstcindia.co.in) are tentative and subject to last moment changes at MSTC s sole discretion till the start of e-Auction. Only the Auction List and Special Terms & Conditions displayed on the Auction Floor under View Live Auctions (and not under View Forthcoming Auctions) on start of e-Auction will be final and will form the basis for all sale contracts against this e-Auction and no representation / complaint in this regard will be entertained by MSTC / Principal from the Bidders. Bidders should therefore download the Material List and Special Terms & Conditions displayed only from the Auction Floor under View Live Auctions for their record purpose if required.

[C] In addition to the Special Terms & Conditions (STC), the Buyer Specific Terms & Conditions (BSTC) will also form an integral part of the Terms & Conditions of Sale through e-Auction. However, in case of any conflict between the two, the Special Terms & Conditions shall prevail.

SPECIAL TERMS & CONDITION

1. MSTC Ltd. shall hereinafter be referred to as MSTC and the principal (owner of the stock) as mentioned above in the catalogue as owners.
2. All the offer shall be valid for a period of 180 days from the date of closing of e-auction.
3. The shops/ places/ offered for sale must be inspected as mentioned in the catalogue. For inspection & other related matters, bidders may contact the abovementioned representative on the abovementioned contact numbers.

4. The bidders shall submit Security Deposit equivalent to 9 months rent through NEFT/RTGS within 7 days of e-Auction/acceptance of STA bid by Seller for SOLD lot. Incase of non fulfilment of the contractual obligation, the security deposit will be liable to be forfeited by Seller/MSTC.

5. 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 is purely indicative. Any conditional offer will not be accepted.
6. Rate must be quoted exclusive of GST as applicable will be charged. "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."

7. The Bidders/customers workmen shall have to abide by the rules & regulation including safety & security regulation of the relevant statutory Acts.

8. In case of failure of party to execute / to comply with the order, as per the terms and conditions of the order, the security deposit submitted by the defaulter party will be forfeited. The same shop/plot at the sole discretion of the Principal may be re-auctioned at the risk and cost of defaulter party and losses / damages, if any, that may incur on this account, may be recovered from the defaulter party.

9. The Principal / MSTC reserves the right to withdraw / post pone the eAuction or 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.

10. JURISDICTION: All questions, disputes or differences arising under, out of or in connection with this e auction/contract concluded shall be subjected to the exclusive jurisdiction of the Vadodara Court only.
11. In case of discrepancy between auction terms and attached GSRTC tender terms, auction terms shall prevail.