10/5/2015 Auction Catalog Report 104562

Auction Details

Auction No MSTC/VZG/Deputy Transport Commissioner/1/ Vuda Layout/15-16/9936[104562]

Opening Date & Time 15-10-2015::12:00:00

Closing Date & Time 15-10-2015::15:30:00

Inspection From Date 03-10-2015

Inspection Closing Date 14-10-2015

Seller Details

Seller/Company Name Deputy Transport Commissioner Location Madhavadhara Vuda Layout

Street Madhavadhara City - 530018 Country

Telephone 08912559777

Fax 089127362777

Email [email protected]

Contact Person Deputy Transport Commissioner,visakhapatnam

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

Scrap Vehicle No.: Ap31tt0137 Lot No: 1 Type of Vehicle: Auto Rickshaw As Applicable / depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% : SOLD AS SCRAP ONLY. Lot Name: Ap31tt0137 Auto Rickshaw

Scrap Vehicle No.: Ap31tu0050 Lot No: 2 Type of Vehicle: Auto Rickshaw As Applicable / Peda waltair State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tu0050 Auto Rickshaw

Scrap Vehicle No.: Ap31tu1814 Lot No: 3 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tu1814 Auto Rickshaw

Scrap Vehicle No.: Ap31w2515 Lot No: 4 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31w2515 Auto Rickshaw

Scrap Vehicle No.: Ap31w2846 Lot No: 5 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31w2846 Auto Rickshaw

Scrap Vehicle No.: Ap31x3836 Lot No: 6 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31x3836 Auto Rickshaw

Scrap Vehicle No.: Ap31x4522 Lot No: 7 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31x4522 Auto Rickshaw

Scrap Vehicle No.: Ap31w5631 Lot No: 8 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31w5631 Auto Rickshaw http://www.mstcindia.co.in/TenderEntry/Lot_Item_Details.aspx 1/5 10/5/2015 Auction Catalog Report

Lot No: 9 Scrap Vehicle No.: Ap31tu7307 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra 1 NO NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tu7307 Auto Rickshaw

Scrap Vehicle No.: Ap31v7413 Lot No: 10 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31v7413 Auto Rickshaw

Scrap Vehicle No.: Ap31w7838 Lot No: 11 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31w7838 Auto Rickshaw

Scrap Vehicle No.: Ap31w9241 Lot No: 12 Type of Vehicle: Auto Rickshaw As Applicable / Steel city depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31w9241 Auto Rickshaw

Scrap Vehicle No.: Ap31tt9722 Lot No: 13 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tt9722 Auto Rickshaw

Scrap Vehicle No.: Ap31tt8793 Lot No: 14 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tt8793 Auto Rickshaw

Scrap Vehicle No.: Ap31x8406 Lot No: 15 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31x8406 Auto Rickshaw

Scrap Vehicle No.: Ap31tt7126 Lot No: 16 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tt7126 Auto Rickshaw

Scrap Vehicle No.: Ap31tt1527 Lot No: 17 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tt1527 Auto Rickshaw

Scrap Vehicle No.: Ap31x2863 Lot No: 18 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31x2863 Auto Rickshaw

Scrap Vehicle No.: Ap31tt4390 Lot No: 19 Type of Vehicle: Auto Rickshaw As Applicable / depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tt4390 Auto Rickshaw

Scrap Vehicle No.: Ap31w9135 Lot No: 20 Type of Vehicle: Auto Rickshaw As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31w9135 Auto Rickshaw

Scrap Vehicle No.: Ap31x0051 Lot No: 21 Type of Vehicle: Auto Rickshaw As Applicable / Visakhapatnam depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31x0051 Auto Rickshaw

Scrap Vehicle No.: Ap31tu7751 Lot No: 22 http://www.mstcindia.co.in/TenderEntry/Lot_Item_Details.aspx 2/5 10/5/2015 Auction Catalog Report

Type of Vehicle: Auto Rickshaw As Applicable / Maddilapalem depot State 1 NO NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tu7751 Auto Rickshaw

Scrap Vehicle No.: Ap31tt8338 Lot No: 23 Type of Vehicle: Auto Rickshaw As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tt8338 Auto Rickshaw

Scrap Vehicle No.: Ap31x9631 Lot No: 24 Type of Vehicle: Auto Rickshaw As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31x9631 Auto Rickshaw

Scrap Vehicle No.: Ap31x8050 Lot No: 25 Type of Vehicle: Auto Rickshaw As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31x8050 Auto Rickshaw

Scrap Vehicle No.: Ap31tu0026 Lot No: 26 Type of Vehicle: Auto Rickshaw As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tu0026 Auto Rickshaw

Scrap Vehicle No.: Ap31tu0218 Lot No: 27 Type of Vehicle: Auto Rickshaw As Applicable / Simhachalam depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tu0218 Auto Rickshaw

Scrap Vehicle No.: Ap31tu0582 Lot No: 28 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tu0582 Auto Rickshaw

Scrap Vehicle No.: Ap31x1096 Lot No: 29 Type of Vehicle: Auto Rickshaw As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31x1096 Auto Rickshaw

Scrap Vehicle No.: Ap31ta2668 Lot No: 30 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31ta2668 Auto Rickshaw

Scrap Vehicle No.: Ap31ta3209 Lot No: 31 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31ta3209 Auto Rickshaw

Scrap Vehicle No.: Ap31tb3987 Lot No: 32 Type of Vehicle: Auto Rickshaw As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tb3987 Auto Rickshaw

Scrap Vehicle No.: Ap31tu4309 Lot No: 33 Type of Vehicle: Auto Rickshaw As Applicable / Waltair depot State :Andhra NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tu4309 Auto Rickshaw

Scrap Vehicle No.: Ap31y5312 Lot No: 34 Type of Vehicle: Auto Rickshaw As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31y5312 Auto Rickshaw

Scrap Vehicle No.: Ap31ta5316 Lot No: 35 Type of Vehicle: Auto Rickshaw As Applicable / Maddilapalem depot State http://www.mstcindia.co.in/TenderEntry/Lot_Item_Details.aspx 3/5 10/5/2015 Auction Catalog Report

NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31ta5316 Auto Rickshaw

Scrap Vehicle No.: Ap31x0519 Lot No: 36 Type of Vehicle: Maxicab As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31x0519 Maxicab

Scrap Vehicle No.: Ap31td2715 Lot No: 37 Type of Vehicle: Maxicab As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31td2715 Maxicab

Scrap Vehicle No.: Ap31td5763 Lot No: 38 Type of Vehicle: Maxicab As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31td5763 Maxicab

Scrap Vehicle No.: Ap31ta2740 Lot No: 39 Type of Vehicle: Maxicab As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31ta2740 Maxicab

Scrap Vehicle No.: Ap31tu6545 Lot No: 40 Type of Vehicle: ARGV As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tu6545 ARGV

Scrap Vehicle No.: Ap31td2874 Lot No: 41 Type of Vehicle: Maxicab As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31td2874 Maxicab

Scrap Vehicle No.: Ap37x4499 Lot No: 42 Type of Vehicle: Maxicab As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap37x4499 Maxicab

Scrap Vehicle No.: Ap31tu6979 Lot No: 43 Type of Vehicle: Maxicab As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tu6979 Maxicab

Scrap Vehicle No.: Ap31tt0506 Lot No: 44 Type of Vehicle: ARGV As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tt0506 ARGV

Scrap Vehicle No.: Ap31tt8122 Lot No: 45 Type of Vehicle: ARGV As Applicable / Maddilapalem depot State NOTE : NOTE: R.C. BOOK WILL NOT BE AVAILABLE AND 1 NO 14.5% :Andhra Pradesh SOLD AS SCRAP ONLY. Lot Name: Ap31tt8122 ARGV

Total No of Lots = 45

Special Terms & Conditions

SPECIAL NOTE:ALL THE ABOVE VEHICLES ARE SCRAP VEHICLES AND WITHOUT R.C. Important: 1) 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. 2) All Bidders Are Requested To Use The E-Payment Gateway For Remittance Of Money Connected With The E-Auctions. The Appropriate Link "E-Payment" Is Available In Our Website Www.Mstcecommerce.Com. This Available At The Right Side Of The Page Once The Buyers Are Logged In Our Above E-Auction Website. 3) Vat Rates As Indicated In This E-Auction Catalogue Are Only Indicative. Actual Vat Rates As Applicable On The Date Of Lifting Shall Be Applicable. Bidders Are Required To Satisfy Themselves About Vat 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 Vat 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 http://www.mstcindia.co.in/TenderEntry/Lot_Item_Details.aspx 4/5 10/5/2015 Auction Catalog Report 4) As The Sale Is On As Is Where Is And No Complaint Basis, The Sale Is Concluded At The Place Where The Material Is Lying And Hence, It Is The Whole Responsibility Of The Buyer To Make Arrangement To Lift And Transport The Material To The Destination As Per Their Desire / Wish. Mstc Will Not Issue Waybill And Will Not Take Any Responsibility Connected With Movement Of The Allotted Materials. However, Mstc Will Issue Tax Invoice For The Material Allotted To Them. This sale is also governed by GENERAL TERMS & CONDITIONS(GTC) and BUYER SPECIFIC TERMS & CONDITIONS(BSTC). This SPECIAL TERMS & CONDITION(STC) supersedes GTC and BSTC. MSTC shall have the right to issue addendum to the GTC or BSTC or STC 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 Contact Details (MSTC Ltd):- VIJAY KALA, JUNIOR MANAGER, Ph: 0891 - 2701066 / 8179551100, Fax: 0891 - 2747053, e-Mail:- [email protected] CONTACT PERSON/DEPARTMENT OF STOCK HOLDER: M. Mandhat (administrative officer) 98485-28663 & K. Kiran Kumar Raju - 96663-99933 1) INSPECTION OF LOT/ EAUCTION DATE : For inspection of materials, the seller/company name, date of commencement of inspection, name of contact official with their contact details are as mentioned above. The e-auction commencement date/ closing date are also as mentioned above. 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) EAUCTION 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) 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) PAYMENT OF EMD/SD:SD payable within 7 (Seven) calendar days from the date of closing of e-auction. The bidder has to deposit SD equivalent to 25% of quoted Basic value of the confirmed lots and 10% of the basic value of the STA lots in the form of DEMAND DRAFT drawn in favour of "SRTA" payable at VISAKHAPATNAM on any scheduled bank . Non-payment will result in automatic deactivation of Bidders Password. 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. Pre and Post-Bid EMD/SD are adjustable towards material value. 4) DEFAULT IN PAYMENT OF EMD/SD :In case the successful Bidder fails to pay post bid EMD/SD, their pre-bid EMD, if any, will stand forfeited automatically, besides de-activation of their login. If the last date of payment happens to be the Bank/MSTC Holiday, the payment will be accepted on the next day. b)Rate of EMD/SD : Post-Bid EMD/SD will be @ 25% of the Sale Value for Lots Sold on Confirmed basis and 10% of the Sale Value for the Lots under STA Basis. c) Post-Bid EMD/SD by way of PO / DD of any Scheduled Bank in favour of the seller must be submitted to MSTC, or any office of MSTC (see details of MSTC's Regional / Branch 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 have to deposit balance material value within 22 (TWENTY TWO) calendar days from the date of closing of the e-auction and in case of lot accepted on STA basis the balance payment has to be made within 15 (FIFTEEN) calendar days from the date of Sale Order, in the form of DEMAND DRAFT as per the following manners. (i) 1.824% of the material value , VAT to be paid in favour of MSTC Limited, by way of DD / PO/ E-Payment, payable at Visakhapatnam. (ii) 78.176% of the Material value should be paid in f/o " SRTA " payable at Visakhapatnam by way of DD/PO on any scheduled bank . 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. 6)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 for a minimum 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 7)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 DD / PO including the date of DD / PO. If the last date of delivery happens to 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 authorised representative of the Buyer i.e. the authorized Photo ID Card Holder should report to the Seller along with his original Photo ID Card or the said Photo ID Card Holder may depute any other Representative along with Authority Letter on Buyers Letter-Head after duly attesting the signature of his Representative along with a Self Certified/Notarised Photocopy of his Photo ID Card. The successful Bidder/Buyer must take prior permission from the principal before placement of vehicle for taking delivery of material. 9)DEFAULT IN DELIVERY : In case of delay in lifting beyond the above specified period, ground rent @ 2% or part thereof up to a period of 2 weeks will be charged by the seller in advance. In case the delay is beyond 2 weeks, the seller will have the option to grant further extension, in exceptional cases with/without additional ground rent, depending upon the circumstances for such delay or forfeit the entire amount paid towards this lot at their sole discretion. 10) In case of any dispute regarding payment/delivery or any other matter relating to this e-auction, the decision of MSTC/SELLER shall be final 11) ARBITRATION: In the event of any dispute and/or difference arising between the Purchaser /Buyer and/or their Agent/Seller as to the construction, interpretation and or execution of the contract and/or execution of the contract and/or the respective rights and liabilities of the parties, such disputes and/or differences shall be referred to the Sole Arbitration of the Chief Executive of the Principal for a Company registered under the Companies Act. in case of a PSUs; the Head of the Department in case of a Govt. Department. Ordnance Factory Board Units/Defence Units, who may act himself or nominate in his stead any officer subordinate to him or of MSTC being not below the rank of General Manager/Director in the Govt. Dept. who shall act as the Sole Arbitrator. The provisions of the Indian Arbitration Act. 1995, and the Rules there under shall apply to such Arbitration The award passed by such Sole Arbitrator shall be final and shall 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 omission or commission or fraudulent acts indulged or caused to be indulged by such bidder/buyer in the course of bidding process and/or in the execution or performance of any of the contracts which may be awarded to the bidder/buyer pursuant to the e-auction, provided however, that the Seller and/or MSTC shall be obliged to allow an opportunity of being heard to such bidder/buyer before any order of black-listing/debarment could be passed. Any such order of black listing/debarment that may be passed by the Seller and/or MSTC shall be without prejudice to other right of actions available to the seller and/or MSTC against the bidder/buyer under the e-auction terms and conditions. CLICK HERE FOR ADDITIONAL TERMS AND CONDITIONS

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