Opening Date & Time 20-02-2013::1

58728 Auction Details MSTC/ERO/FERRO SCRAP NIGAM LIMITED /4/BHILAI/12-13/10482[58728]

Auction No

20-02-2013::11:00:00

Opening Date & Time Closing Date & Time

Scheduled Time

20-02-2013::16:30:00

Closed At

I nspection From Date

29-01-2013

I nspection Closing Date

19-02-2013

20-02-2013::16:30:00

Seller Details FERRO SCRAP NIGAM LIMITED

Seller/Company Name

BHILAI

Location

EQUIPMENT CHOWK CENTRAL AVENUE SECTOR 1

Street

BHILAI - 490001 INDIA

City Country

07882224067

Telephone

07882220423

Fax

[email protected]

Email

G.C NAIDU

Contact Person

LOT NO[PCB GRP]/LOT NAM E

Lot No:

Lot Name:

Lot No:

01

Misc. ITEMS

02

Lot Name:

TYRES

Lot No:

03

Lot Name:

Lot No:

1Bucket of EX-600 Excavator4nos. 2Bucket of H-55 Excavator1 No. 3Bucket of 2071 - Loader1 no. 4Bucket of 656 Loader1 no. 5Radiator6 nos. 6Hyd. Pump of(Ex600),Excavator Make Rexroth, Model A7V0250EL 6.22 nos. 7Hyd.Motor of (EX 200) Excavator CYB, 50D/D3X30, 50D/D25022 nos. VAT HAS TO BE PAID IN FAVOR OF MSTC LIMITED payable KOLKATA

118.00 x 25 tyres292 214.00 x 25 tyres5 329.50 x 29 tyres2 410.00 x 20 tyres1 59.00 x 20 tyres1 67.50 x 10 tyres3 76.00 x 16 tyres3 8195/70 tyres9 9F78 x 15 tyres2 VAT HAS TO BE PAID IN FAVOR OF FSNL LIMITED payable ROURKELA

Steel Drums 210 ltrs capacity-135 NO.S VAT HAS TO BE PAID IN FAVOR OF FSNL LTD payable Rourkela

QUANTI TY

1 LOT

1 LOT

1 LOT

Steel Drums 210 ltrs capacity

04

Lot Name:

TYRES

Lot No:

05

Lot Name:

LOT DESC

DRUMS

118.00 x 25 tyres62NO.S 214.00 x 25 tyres52NO.S 323.50 x 25 tyres 1NO.S 429.50 x 29 tyres 5NO.S 524.00 x 25 tyres5NO.S 610.00 x 20 tyres 4NO.S

Steel Drums 210 ltrs capacity -75 NO.S VAT HAS TO BE PAID IN FAVOR OF MSTC LIMITED payable KOLKATA

1 LOT

1 LOT

ED/(ST/VAT)

LOCATI ON

As FSNL DOLVI Applicable / UNIT (MAHARASTRA) As Applicable State :Maharashtra

As Applicable / As Applicable

FSNL ROURKELA UNIT State :Orissa


FSNL ROURKELA UNIT State :Orissa


FSNL BURNPUR UNIT State :West Bengal


FSNL BURNPUR UNIT State :West

Lot Name:

Lot No:

Lot Name:

Applicable

DRUMS

06

TYRES

1)18.00 x 25 tyres150NO.S 2)14.00 x 25 tyres12NO.S 3)14.00 x 20 tyres1NO.S 4)23.50 x 25 tyres15NO.S 5)23.00 x 25 tyres22NO.S 7)29.50 x 29 tyres3NO.S 8)26.5 x 25 tyres2NO.S 9)12.00 x 20 tyres1NO.S 10)10.00 x 20 tyres1NO.S 11)9.00 x 20 tyres12NO.S 12)7.00 x 15 tyres1NO.S 13)7.50 x 16 tyres2NO.S 14)6.00 x 16 tyres7NO.S 15)16.9 x 282NO.S 16)26.50 x 25 (Tubeless)4NO.S 17)F78 x 15 tyres -01 No.s

1 LOT

Bengal

As FSNL Applicable / BHILAI UNIT As Applicable State :Chhattisgarh

VAT HAS TO BE PAID IN FAVOR OF MSTC LIMITED payable KOLKATA

07

118.00 x 25 tyres216NO.S 214.00 x 25 tyres17NO.S 314.00 x 20 tyres20NO.S 429.50 x 29 tyres 3NO.S

Lot Name:

TYRES

VAT HAS TO BE PAID IN FAVOR OF FSNL LIMITED payable BOKARO

Lot No:

08

Lot No:

Lot Name:

Lot No:

1Steel Drums 210 ltrs capacity103NO.S 2Plastic Drums 10NO.S VAT HAS TO BE PAID IN FAVOR OF FSNL LIMITED payable BOKARO

1 LOT

1 LOT

DRUMS

09

Lot Name:

TYRES

Lot No:

10

118.00 x 25 tyres247No.s 214.00 x 25 tyres16No.s 323.00 x 25 tyres2No.s 426.50 x 25 (Tubeless)1No.s VAT HAS TO BE PAID IN FAVOR OF MSTC LIMITED payable KOLKATA

1 LOT


FSNL BOKARO UNIT State :Jharkhand

As Applicable / 5%

FSNL BOKARO UNIT State :Jharkhand


FSNL DURGAPUR UNIT State :West Bengal


FSNL DURGAPUR UNIT State :West Bengal


FSNL VIZAG UNIT State :Andra Pradesh


FSNL VIZAG UNIT State :Andra Pradesh

Steel Drums 210 ltrs capacity-216 No.s

Lot Name:

Lot No:

1 LOT

118.00 x 25 tyres76No.s 212.00 x 24 tyres23No.s 312.00 x 20 tyres33No.s 410.00 x 20 tyres1No.s 57.50 x 16 tyres4No.s 67.50 x 20 tyres1No.s 7195R x 15 tyres2No.s

1 LOT

DRUMS

11

Lot Name:

TYRES

Lot No:

12

Lot Name:


DRUMS


Steel Drums 210 ltrs capacity-94 No.s VAT HAS TO BE PAID IN FAVOR OF MSTC LIMITED payable KOLKATA

1 LOT

Lot Name:

Lot No:

DRUMS

13

Lot Name:

TYRES

Lot No:

14

Lot Name:

Lot No:

15

tyres

Lot No:

16

Lot No:

Lot Name:

118.00 x 25 tyres108No.s 214.00 x 25 tyres2No.s 323.50 x 25 tyres4No.s 429.5 x 25 tyres18No.s VAT HAS TO BE PAID IN FAVOR OF MSTC LIMITED payable KOLKATA

1 LOT

Steel Drums 210 ltrs capacity-300 No.s VAT HAS TO BE PAID IN FAVOR OF MSTC LIMITED payable KOLKATA

1 LOT

18.00 x 25 tyres8No.s 14.00 x 25 tyres17No.s 23.50 x 25 tyres7No.s 10.00 x 20 tyres8No.s 7.50 x 16 tyres4No.s 16.9 x 289No.s 26.50 x 25 (Tubeless)3No.s

1 LOT

DRUMS

Lot Name:

Lot Name:

Applicable

VAT HAS TO BE PAID IN FAVOR OF FSNL LTD payable Duburi

Plastic Drums - 33 No.s VAT HAS TO BE PAID IN FAVOR OF FSNL LTD payable DUBURI

1 LOT

drums

17

TYRES

215/75/R tyres2 217/75/R tyres1 205/70/15 tyres1 205/70R/15 tyres2 195/80R15 tyres2 195R/15LT tyres3 195R/15tyres1 155/80R14tyres4 155/80R13 tyres3 155R13 tyres3 175R14tyres3 175R14C tyres3 145/70R13 tyres1 165/80R15 tyres1 F75 x15 tyres1 F78 x 15 tyres2No.s 7.50 x 16 tyres1No.s 4.5 x 12 tyres4No.s 5.2 x 14 tyres5No.s

1 LOT

Pradesh

As FSNLDOLVI Applicable / UNIT As State :Maharashtra Applicable

As FSNL DOLVI Applicable / UNIT As State :Maharashtra Applicable


FSNL Dubri UNIT State :Orissa


FSNL Dubri UNIT State :Orissa


FSNL CORPORTE BHILAI UNIT State :Chhattisgarh


Lot No:

17 A

Steel Drums 210 ltrs capacity-65 NO.S 1 LOT

Lot Name:

DRUMS Total No of Lots = 18

Special Terms & Conditions For Quer ies please cont act :

MSTC - V KUMAR PHONE: 033- 2290- 0964, 2287- 7557/ 0568/ 9627 2289- 6157

As FSNL Applicable / BHILAI As UNIT Applicable State :Chhattisgarh

For Quer ies please cont act :

MSTC

V KUMAR PHONE: 033 2290 0964, 2287 7557/ 0568/ 9627 2289 6157

I MPORTANT: THE MATERI AL LI ST & STC DI SPLAYED UNDER VI EW FORTHCOMI NG AUCTI ONS ON MSTC'S E- AUCTI ON WEBSI TE ARE TENTATI VE AND SUBJECT TO CHANGE AT THE SOLE DI SCRETI ON OF MSTC/ PRI NCI PAL BEFORE THE START OF E- AUCTI ON. BI DDERS SHOULD, THEREFORE, DOWNLOAD THE MATERI AL LI ST AND STC DI SPLAYED ONLY UNDER VI EW LI VE AUCTI ONS FOR THEI R RECORD PURPOSE, I F REQUI RED, AND BI D ACCORDI NGLY. FOR BUYERS GUI DELI NES VI SI T w w w .m st cauct ion.co.in AND CLI CK Help. I M PORTAN T GU I D ELI N ES TO BI D D ERS : a) " ALL CONTRACTS/ TRANSACTI ONS ENTERED I NTO BY THE BUYER/ BI DDER ARI SI NG OF THE E- AUCTI ON SHALL BE GOVERNED BY THE I NTEGRI TY PACT AVAI LABLE ON OUR WEBSI TE ( w w w .m st cindia.co.in) b) Aft er ent er ing any Bid ( in figure) on t he auct ion floor, t he bidder m ust check/ r e- check t he sam e ( including t he num ber of zer os) befor e clicking t he ~ BI D ~ but t on. Once t he Bid but t on is clicked t he Bid w ill be accept ed by t he syst em and no corr ect ion can be m ade. c) The Auct ion list and special t er m s and condit ions ( STC) being displayed in t he Auct ion Not ificat ion under " View For t hcom ing Auct ions" on MSTC's E- auct ion Websit e or being displayed in MSTC's Cor por at e Websit e ( w w w .m st cindia.co.in) are t ent at ive and subj ect t o last m om ent changes at MSTC's last m om ent discret ion t ill t he st ar t of E- auct ion. Only t he Auct ion list and Special Ter m s and Condit ions ( STC) displayed on t he Auct ion Floor under " View live auct ions" and not under View Fort hcom ing Auct ions on st art of E- auct ion w ill be final and w ill form t he basis for all sale cont ract s against t his E- auct ion and no repr esent at ion/ com plaint in t his r egard w ill be ent ert ained by MSTC/ PRI NCI PAL from t he bidder s. Bidder s should t herefore dow nload t he m at erial list and special t er m s and condit ions displayed only from t he auct ion floor under " View live auct ions" for t heir recor d pur pose if r equired. d) Dur ing live auct ion only br ief lot / it em det ails w ill be show n under " lot nam e" on t he auct ion floor w here bidder s ar e r equir ed t o Bid. The com plet e " it em s det ails" can be seen/ accessed by t he bidders by clicking on t he respect ive it em under lot nam e. I t should be t he r esponsibilit y of t he Bidder s t o see t he " it em s Det ails" before bidding and no r epresent at ion/ com plaint in t his r egar d w ill be ent er t ained by MSTC/ PRI NCI PAL from t he Bidders. e) M STC/ PRI N CI PAL r eserv es t he right t o forfeit any am ount / m oney lying w it h MSTC/ PRI NCI PAL fr om t he successful Bidder w ho default s in m aking t he due paym ent s against t he E- auct ion even t hough such am ount / m oney m ay be lying w it h MSTC/ PRI NCI PAL on account of t he said Bidder any ot her cont r act / t ransact ion. f) ARBI TRATI ON : Any disput e arising in connect ion w it h t he int er pret at ion or im plem ent at ion of t hese t er m s and condit ions shall be r esolved by arbit rat ion under t he Ar bit r at ion and Conciliat ion Act , 1996. The language of t he arbit r at ion shall be English. The place or ar bit rat ion shall be Kolkat a, I ndia. All disput es cover ed under t his Arbit rat ion clause shall be r eferr ed t o t he CMD, MSTC Lim it ed, Kolkat a for adj udicat ion by him or by his nom inee. g) JU RI SD I CTI ON : Only t he Court s at KOLKATA, I NDI A shall hav e t he exclusive j urisdict ion t o ent er t ain any disput e connect ed w it h t he ar bit rat ion proceedings or any ot her m at t er or claim ar ising out of or in connect ion w it h t he E- auct ion. SPECI AL TERM S AN D CON D I TI ON S 1.1) Pa ym e n t Of Post - Bid EM D / SD : 25% of t he m at erial value plus addit ional r elevant st at ut ory levies, w it hin 7 ( seven) days from t he dat e of closing of E- Auct ion by t he highest Bidder w hose bid is accept ed on Confir m ed basis and 10% plus addit ional relevant st at ut ory levies on STA basis. Paym ent t o be m ade t hr ough DD/ PO dr aw n on Nat ionalised/ Scheduled Banks in favour of FERRO SCRAP NI GAM LI MI TED, payable at BHI LAI . Dem and Dr aft / Pay Or der issued by any Co- oper at ive Bank w ill not be accept ed. Non- paym ent w ill r esult in aut om at ic deact ivat ion of Bidder s Passw or d. 1.2) E- Au ct ion Re su lt / St a t u s: The St at us of t he highest bids having been accept ed on Confirm ed or STA basis m ust be per sonally seen by t he Bidder s online t hr ough t he link Auct ion Lot St at us im m ediat ely aft er closing of e- Auct ion and paym ent of Post - Bid EMD/ SD m ust be m ade accordingly. 1.3) Em a il Addr e ss of Bid de r s: This m ust alw ays be kept valid, failing w hich Bidder s w ill be liable for non- com pliance of paym ent or any ot her inst r uct ion issued by MSTC t o t hem by em ail. 2.0) CAU TI ON : 2.1) The Bidder shall be solely r esponsible for all consequences ar ising out of t he bid subm it t ed by him ( including any w rongful bidding by him ) and no com plaint / r epr esent at ion w ill be ent er t ained by MSTC/ PRI NCI PAL in t his r egar d. Hence Bidders m ust be car eful t o check ( t he Bid Am ount / No. of 0/ No. of Digit s/ Unit of Measur em ent et c. and rect ify t heir bid ( if r equired) before subm it t ing t heir Bid int o t he live EAuct ion floor by clicking t he Bid But t on. I n case of any bid being equal t o or m or e t han 5 ( five) t im es t he curr ent Highest Bid for a part icular Lot t his w ill be displayed by w ay of a WARNI NG on t he Bidder s scr een befor e he confirm s/ subm it s t he bid. There is no provision for put t ing Bids in decim als. 2.2) The sale w ill be gover ned by t he Mat er ial List & Special Ter m s & Condit ions ( STC) displayed on t he Live E- Auct ion Floor ( and not under For t hcom ing Auct ions) as w ell as t he Gener al Term s & Condit ions ( GTC) and Buyer Specific Term s & Condit ions ( BSTC) alr eady accept ed by t he Bidder at t he t im e of E- Auct ion Regist rat ion w it h MSTC. The Mat erial List & STC displayed under View For t hcom ing Auct ions on MSTCs EAuct ion Websit e ar e t ent at ive and subj ect t o change at MSTC sole discret ion before t he st ar t of E- Auct ion. Bidder s should t her efor e dow nload t he Mat erial list and STC displayed only under View Live Auct ions for t heir r ecord pur pose if required. The BSTC and GTC can be seen and dow nload by going t o t he Hom e Page of t he E- Auct ion Websit e and clicking on NEW USER. Par t icipat ion in t he E- Auct ion w ill be deem ed t o im ply t hat t he Bidder has m ade him self t hor oughly aw ar e of and accept ed t he STC, BSTC and GTC. I n case of any conflict bet w een t he STC and BSTC, t he STC shall pr evail. MSTC shall have t he right t o issue addendum t o t he STC or BSTC t o clarify, am end, m odify, supplem ent or delet e any of t he condit ions, clauses or it em s st at ed and t he Addendum so issued shall for m a part of t he original STC. 2.3) UN I T/ U N I T OF M EASU REM EN T ( UOM ) : Each Lot w ill have t o be bid, sold and deliver ed on t he basis of t he Unit / Unit of Measurem ent ( UOM) st ipulat ed in t he Mat erial List displayed on t he Auct ion Floor of View Live Auct ions against t he r espect ive Lot . Any repr esent at ion / com plaint fr om t he Bidder s for t he Bid t o be m ade/ having been m ade on t he basis of any ot her Unit / Unit of Measurem ent w ill not be ent er t ained. 2.4) During Live Auct ion, only br ief Lot / I t em det ails w ill be show n under Lot Nam e on t he Auct ion Floor w her e Bidder s ar e r equir ed t o bid.

2.4) During Live Auct ion, only br ief Lot / I t em det ails w ill be show n under Lot Nam e on t he Auct ion Floor w her e Bidder s ar e r equir ed t o bid. The com plet e I t em Det ails can be seen by t he Bidders by clicking on t he respect ive I t em hyper linked under Lot Nam e and it shall be t he r esponsibilit y of t he Bidder s t o see t he I t em Det ails before bidding and no r epresent at ion/ com plaint in t his r egard w ill be ent ert ained by MSTC. 2.5) MSTC/ PRI NCI PAL reserves t he r ight t o for feit any am ount / m oney lying w it h MSTC/ PRI NCI PAL from t he successful Bidder w ho default s in m aking t he due paym ent s against t he E- Auct ion even t hough such am ount / m oney m ay be lying w it h MSTC/ PRI NCI PAL on account of t he said Bidder against any ot her cont r act / t r ansact ion. 3.0) M ATERI ALS I N SPECTI ON : All t he m at erials put up for sale t hrough E- Auct ion w ill be sold st r ict ly on As is w here is basis and No Com plaint basis. MSTC/ PRI NCI PAL reserve t he right t o accept / rej ect any offer / bid w it hout specifying any r eason t hereof. All quant it ies ar e only est im at es and w it hout any guar ant ee. The r egist ered Par t ies ( or t heir Aut horised Represent at ive) should inspect t he m at er ials at t he specified locat ions by producing t heir E- Auct ion Phot o I D Card t o t he PRI NCI PAL or by pr oducing a copy of t his E- Auct ion Cat alogue dow nloaded fr om t he Websit e. I nspect ion, lim it ed t o visual checking only, w ill be allow ed w it h prior appoint m ent fr om t he PRI NCI PAL. NO I NSPECTI ON ALLOWED ON SATURDAY, SUNDAY AND HOLI DAYS. Any clar ificat ion requir ed m ay be sought by t he Bidder s fr om t he PRI NCI PAL at t he t im e of inspect ion, and no disput e r egar ding t he m at erial or it s physical condit ions/ locat ion w ill be ent er t ained t her eaft er. 4.0) BI D S V ALI D I TY: All Bids w ill be valid for accept ance by MSTC for a per iod of 30 days fr om t he dat e of closing of E- Auct ion, excluding t he dat e of closing. I n case t he 30t h day falls on a holiday or rem ains closed for MSTC, such Bids w ill be deem ed t o be aut om at ically ext ended t o be valid up t o t he next w or king day of MSTC. 5.0) SALE RESU LT/ I N TI M ATI ON : 5.1) I m m ediat ely aft er closing of E- Auct ion, a syst em generat ed aut om at ic Sale I nt im at ion Let t er ( SI L) w ill be issued by e- m ail t o t he Highest Bidder advising him t o deposit t he prescr ibed Earnest Money Deposit ( EMD) / Securit y Deposit ( SD) w it hin t he st ipulat ed t im e. How ever issue of SI L is only for r ecord pur pose and has no bear ing on paym ent of post bid EMD/ SD. The st at us of t he highest bid( s) having been accept ed on Confir m ed or STA ( Subj ect t o Appr oval) basis m ust be per sonally seen by t he Bidders online t hrough t he link " Auct ion Lot St at us" im m ediat ely aft er closing of E- Auct ion w hich w ill be displayed upt o 7 ( Seven) days from t he dat e of Closing of E- Auct ion ( including t he dat e of closing of E- Auct ion) and paym ent of Post - Bid EMD/ SD is r equir ed t o be m ade accor dingly. Thus non- paym ent or delay in paym ent of post bid MD/ SD on t he plea of non- r eceipt of SI L w ill not be ent ert ained by MSTC. MSTC also reserves t he right t o issue t he sale int im at ion let t er ( on confir m ed or STA basis) by Speed Post / Regd. Post / Cour ier et c. Bidders m ust alw ays keep t heir r egist er ed e- m ail account valid and keep a w at ch on t heir incom ing e- m ail for t heir ow n convenience. 5.2 Upon accept ance of t he auct ion bid t he buyer shall have t o pay Earnest Money @25% ( unless m ent ioned against any lot ) against accept ed bids posit ively w it hin 7 days of confirm at ion of bid by Dem and Draft / Pay Or der on any Nat ionalized/ Scheduled Bank in favour of FERRO SCRAP N I GAM LI M I TED pa y a ble a t BH I LAI . Dem and Dr aft / Pay Order issued by any Co- operat ive Bank w ill not be accept ed. 5.3 I f any offer is accept ed on ~ SU BJECT TO APPROV AL~ ( STA) basis t he buyer shall have t o pay Earnest Money @10% against accept ed bids posit ively w it hin 7 days of confirm at ion of bid by Dem and dr aft / Pay or der on any Nat ionalized/ Scheduled bank in favor of FERRO SCRAP N I GAM LI M I TED p a ya ble a t BH I LAI . Dem and Draft / Pay Order issued by any Co- oper at ive Bank w ill not be accept ed. 6.0) POST- BI D EM D / SECU RI TY D EPOSI T ( SD ) : 6.1) The successful Bidder shall have t o deposit Post - Bid EMD/ SD w it hin st ipulat ed t im e as per Clouse 1.1 above count ed fr om t he dat e of Closing of E- Auct ion ( excluding t he dat e of closing and ir respect ive of t he dat e of issue of Sale I nt im at ion Let t er) as follow s. 6.2) Post - Bid EMD/ SD by w ay of PO/ DD of any Scheduled Bank favor ing FERRO SCRAP N I GAM LI M I TED pa y a ble a t BH I LAI m ust be subm it t ed t o MSTC, Kolkat a or any office of MSTC ( see det ails of MSTCs Regional/ Branch Offices on MSTCs w ebsit e) . Post - Bid EMD/ SD is adj ust able t ow ards m at er ial value along w it h applicable Dut ies & Taxes w it hin t he due dat e, failing w hich t he Post - Bid EMD/ SD w ill be forfeit ed. 6.3) I f t he successful highest Bidder ( on Confirm ed or STA) fails t o pay t he Post - Bid EMD/ SD in t im e, t hen his Passw ord w ill be deact ivat ed and shall nor m ally be DEBARRED for a m inim um period of 6 ( six) m ont hs fr om part icipat ing in all E- Auct ions and disposal sales by MSTC and, his Regist r at ion Fee w ill be for feit ed. While considering his request for r eact ivat ion w hich w ill be at t he sole discr et ion of MSTC, all fact s including t he num ber of FSNL/ E- Auct ions/ Lot s for w hich he had failed w hich ar e germ ane w ill be t aken int o account . I n consult at ion w it h t he FSNL, MSTC m ay t ake recourse t o any of t he follow ing opt ions, at it s sole discr et ion, for sale of t he unsold Lot : a) The Unsold Lot m ay be put up for r e- e- Auct ion at t he sole discr et ion of MSTC w it hout Pre- Bid EMD ( Ear nest Money Deposit ) OR w it h Pr eBid EMD as m ay be deem ed fit by MSTC. b) MSTC m ay t ake any ot her act ion as m ay be deem ed fit by t he FSNL. 6.4) Delayed paym ent or Post - Bid EMD/ SD m ay be accept ed depending on t he cir cum st ances of t he case or urgency of disposal in consult at ion w it h t he FSNL w it h such penalt y as m ay be deem ed fit by MSTC. This shall how ever not confer any r ight t o t he Bidder t o m ake any Lat e Paym ent of Post - Bid EMD/ SD. 6.5) I n case t he successful Bidder pay s t he EMD/ SD, but fails t o pay t he balance m at erial value along w it h applicable Dut ies and Taxes w it hin t he due dat e, t hen his EMD/ SD w ill be for feit ed. 7.0) PAYM EN T OF BALAN CE SALE V ALU E & D U TI ES & TAX ES 7.1) Paym ent for exist ing quant it y ( including Excise Dut y, Sales Tax/ VAT, I ncom e Tax et c. as applicable at t he t im e of lift ing) w ill be requir ed t o be m ade w it hin 21 ( Tw ent y one) days fr om E- Auct ion closing dat e for SOLD Lot s ( confirm ed lot s) . For STA lot s, paym ent w ill be requir ed t o be m ade w it hin 14 ( fourt een) days fr om t he dat e of issue of accept ance let t er . Paym ent should be m ade in t he for m of Dem and Draft / Pay Order fr om scheduled banks. Dem and Dr aft / Pay Or der issued by any Co- oper at ive Bank w ill not be accept ed. For sold lot s 6 3 .9 7 % of t he m at erial value plus addit ional r elevant st at ut ory levies in t he form of Dem and Draft / Pay Order is t o be m ade in favour of FERRO SCRAP N I GAM LI M I TED pa ya ble a t BH I LAI and 10% of m at er ial value and Ser vice Tax @ 12.36% t her eon t o be m ade in favour of M STC Lim it e d pa ya ble a t Kolk a t a ( in separat e DD/ PO) . For STA lot s 7 8 .9 7 % of t he m at er ial value plus addit ional relevant st at ut or y levies in t he form of Dem and Draft / Pay Order is t o be m ade in favour of FERRO SCRAP N I GAM LI M I TED pa ya b le a t BH I LAI and 1 0 % of m a t e r ia l v a lu e a n d Se r vice Ta x @ 1 2 .3 6 % t h e r e on is t o be m ade in favour of M STC Lim it e d p a ya ble a t Kolk a t a ( in separ at e DD/ PO) . Besides

v a lu e a n d Se r vice Ta x @ 1 2 .3 6 % t h e r e on is t o be m ade in favour of M STC Lim it e d p a ya ble a t Kolk a t a ( in separ at e DD/ PO) . Besides m at erial value as m ent ioned above, t he applicable dut ies/ t axes should be included in t he paym ent for ent ir e balance Sale Value t o be paid t o FSNL by t he Buyer in one lum p- sum and no inst allm ent paym ent w ill be allow ed, unless ot herw ise st ipulat ed in t he Lot / I t em Det ails. The Dem and Dr aft s/ Pay Order s m ust be deposit ed at any office of MSTC Lt d., for issue of Deliver y Or der . 7.2) The m ode of paym ent w ill be as st ipulat ed in t he Sale Or der/ Accept ance Let t er and t he paym ent w ill have t o be subm it t ed by t he Buyer t o MSTC, Kolkat a or any office of MSTC for collect ing t he Deliver y Or der . 8.0 SALES TAX : 8.1 V AT m ust be deposit ed in favour of M STC LI M I TED PAYABLE AT KOLKATA in separ at e DD/ PO only as m ent ioned in Accept ance let t er . 8.2 VAT for BOKARO U N I T m ust be deposit ed Accept ance let t er .

in favour FERRO SCRAP N I GAM LI M I TED pa ya ble a t BH I LAI as m ent ioned in

9.0) D EFAU LT I N PAYM EN T: I n case of default in paym ent of t he balance Sale Value w it hin t he prescribed t im e lim it s, t he due paym ent m ay be allow ed t o be m ade t oget her w it h addit ional charges @1% per w eek or par t t hereof calculat ed on t he Full 100% Sale Value m axim um w it hin a per iod of one w eek or par t t her eof. The Post - Bid EMD/ SD w ill be adj ust ed t ow ar ds m at er ial value only on r eceipt of t he balance Sale Value w it hin t he pr escr ibed t im e. How ever, t his shall not confer any right t o t he Bidder t o m ake any Lat e Paym ent of Balance Sale Value or applicable Dut ies and Taxes and MSTC r eser ves t he r ight not t o accept t he paym ent of t he Balance Sale Value w it h or w it hout t he addit ional char ges aft er t he expir y of t he fr ee paym ent t im e. 10.0) D ELI V ERY : 10.1) On paym ent of balance Sale value by t he Buyer, paym ent t o be m ade in favor of FERRO SCRAP N I GAM LI M I TED pa ya b le a t BH I LAI , t o any of t he MSTC offices, t he Buyer shall obt ain Deliver y Or der from MSTC on pr oducing E- Auct ion Phot o I D Car d. I n case t he phot o I D Car d holder deput es any Represent at ive t o collect t he Delivery Order , he should at t est and aut hor ized t he signat ure of his Represent at ive on his let t er- head along w it h a self- cert ified/ Not arised Phot ocopy of his Phot o I D Car d. Deliv ery per iod w ill be 30 ( Thirt y) days count ed from t he dat e of issue of Deliver y Or der by MSTC/ dat e of issue of Release Order by PRI NCI PAL as t he case m ay be ( including t he dat e of issue) in all cases except w here t he paym ent of Balance Sale Value is m ade by MRO. 10.2) Ever y Bidder regist ered w it h MSTC for E- Auct ion par t icipat ion has been issued a Phot o I D Car d duly aut hor ized by MSTC and cont aining t he specim en signat ur e of t he Aut horised Repr esent at ive of t he Bidder s Firm . For t he purpose of t aking deliver y from t he PRI NCI PAL Locat ion/ Depot / Plant , t he Aut horized Represent at ive of t he Buyer i.e. t he aut horized Phot o I D Card Holder should r eport t o t he FSNL along w it h his or iginal Phot o I D Card or t he said Phot o I D Car d Holder m ay deput e any ot her Repr esent at ive along w it h Aut horit y Let t er on Buyer s Let t er - Head aft er duly at t est ing t he signat ur e of his Represent at ive along w it h a Self Cert ified/ Not arised Phot ocopy of his Phot o I D Car d. I n case of Defence Depot s/ Unit s under Minist ry of Defence such Aut horit y Let t er of Buy ers Repr esent at ive w ill have t o be first produced t o MSTC for aut hent icat ion befor e subm it t ing t o t he FSNL. The successful Bidder / Buyer shall co- ordinat e t he dat e and t im e w it h FSNL in advance and t ake pr ior appoint m ent before placem ent of Tr ucks t o ensur e speedy r em oval of m at er ials. 10.3) The m at er ials sold shall be r em oved by t he Buyers fr om any one side of t he Lot s as per t he sole dir ect ion of t he FSNL and no segr egat ion of it em s from t he sold Lot s w ill be per m it t ed. 10.4) I n case any hot - w ork per m ission is r equired for dism ant ling operat ions, t he sam e w ill have t o be obt ained by t he Buyer s fr om t he FSNL aut hor ized r epr esent at ive before lift ing and it w ill be sole discret ion of t he FSNL t o allow or not t o allow such hot - w ork per m ission at Buyer s cost only t o t he ext ent of facilit at ing t he loading and t ransport at ion of t he goods. 10.5) For t he pur pose of r em oving t he m at er ials, t he successful Bidder shall em ploy or engage only his/ t heir ow n per sonnel and shall keep t he FSNL fully indem nified against any claim s w hat soever including claim for w age, inj uries, com pensat ion, deat h et c. While r em oving m at erials, if any accident or dam age t o t he pr opert y/ life et c. arises by reason of any act of negligence/ om ission/ default or non- com pliance w it h any of t he Ter m s & Condit ions of st at ut or y r egulat ions or rules and r egulat ions applicable w it hin FSNL pr em ises, on t he par t of t he Bidders/ his r epr esent at ive or em ployees r esult ing in deat h or inj ur y t o any persons or dam ages t o t he pr opert y of FSNL or any t hir d Part y, t hen in such an event t he Bidder w ill have t o pay com pensat ion t o any such per son including t he em ployees of FSNL for such inj ury/ for dam age t o persons pr oper t y of such per sons. The Bidder shall in such an event keep t he FSNL indem nified from any dem and, claim s or pr oceedings m ade. 11.0) D EFAU LT I N LI FTI N G : 11.1) I n case of any Default in lift ing of m at erials by t he Buyer w it hin t he prescribed fr ee t im e lim it , t he out st anding m at erial m ay be lift ed m axim um w it hin 14 ( four t een ) calendar Days fr om t he due dat e subj ect t o paym ent of Ground Rent by t he Buyer direct ly t o t he FSNL for t he per iod of delay. The Ground Rent w ill be payable @1% of t ot al sale value per w eek or par t t hereof m axim um upt o 2 w eeks. All m at t er s r elat ing t o char ging of Gr ound Rat e w ill be decided by t he FSNL 11.2) I n case of Goods sold on Lot Basis, t he Gr ound Rent w ill be calculat ed on t he value of t he ent ir e Lot even if lift ed in par t , w here as in case of Goods sold on Unit Weight or Unit Num ber Basis, t he Ground Rent w ill be calculat ed on t he value of un lift ed quant it y. 11.3) How ever it m ust be not ed by t he Bidders t hat it w ill be t he sole discret ion of t he FSNL not t o allow t he Buyer t o lift t he Goods w it h or w it hout t he Ground Rent aft er t he expiry of t he st ipulat ed free Deliver y period or even w it hin t he afor esaid addit ional period of 14 ( Fourt een) days and in such event , t he sale of t he m at erial not lift ed by t he Buyer( s) w ill be aut om at ically cancelled and all t he m oneys paid by t he Bidder Buyer w ill be aut om at ically forfeit ed. 12.0) STATU TORY PAYM EN TS : The r at e of Excise Dut y, Sales Tax/ VAT I ncom e Tax, Educat ion Cess or any ot her st at ut or y Dut y/ Tax/ Levy/ Char ge et c. w ill be applicable and payable by t he Buyer as pr evailing on t he dat e of act ual physical delivery of m at erials. The r at es of Dut ies and Tax es displayed on t he E- Auct ion Websit e ar e only indicat ive and based on t he rat es pr evailing befor e t he com m encem ent of t he E- Auct ion. Successful Bidders shall have t o pay I ncom e Tax by w ay of TCS @1% all scrap it em s pur chased for t r ading as per Sect ion 206 C of I T Act 1961. t he TCS w ill be calculat ed on t he gross Sale Value i.e. Mat erial Value plus Excise Dut y 8.24% ( i.e. 3% including Educat ion Cess) & Sales Tax/ VAT. Par t ies eligible for Tax Exem pt ion or Low er Rat e of Tax should pr oduce pr escribed Cert ificat e from I ncom e Tax Assessing Officer at t he t im e of paym ent . ( Not ar ised Phot ocopy t o be given along w it h Or iginal, t he let t er w ill be r et ur ned aft er ver ificat ion) . Manufact ur er s w ho are exem pt ed fr om paying I ncom e Tax should subm it PAN No at t he t im e of m aking t he

r et ur ned aft er ver ificat ion) . Manufact ur er s w ho are exem pt ed fr om paying I ncom e Tax should subm it PAN No at t he t im e of m aking t he paym ent of balance sale value. 13.0) PERI OD OF CON TRACT : Upt o t he validit y per iod of t he Delivery Or der / Release Or der issued by MSTC/ FSNL or upt o t he ext ended period of validit y of t he Delivery Or der/ Release Or der in case t he Deliver y period is ext ended by t he FSNL at his sole discret ion as t he case m ay be. 14.0) The Bidder ( s) shall have no r ight t o issue any addendum t o t hese Special Ter m s and Condit ions or Buyer Specific Ter m s and Condit ions t o clar ify, am end, supplem ent or delet e any of t he condit ions, clauses or it em s st at ed t her ein. 15.0) SALE OF H AZARD OU S W ASTE I TEM S : The sale of Hazardous Wast e it em s, nam ely Wast e Oil and specified cat egories of NonFerr ous Met al Wast e w ill be governed by Hazar dous Wast es ( Managem ent & Handling) Rules, 1989 and it s Am endm ent s and t he sale of Bat t eries w ill be governed by t he Bat t er ies ( Managem ent & Handling) Rules, 2001 and it s Am endm ent s. For such it em s, only t hose Part ies shall be eligible t o bid w ho have Valid Regist rat ion Cer t ificat es from t he St at e as w ell as Cent ral Pollut ion Cont r ol Board ( PCB) on t he St art ing Dat e of e- Auct ion. I f t he Bidder had t he said St at e PCB and/ or CPCB Cert ificat e( s) w hich expired w it hin 30 ( t hirt y) days before t he dat e of st art ing of E- Auct ion, he should subm it a copy of t he expired Cer t ificat e( s) and a copy of his Applicat ion for ext ension w it h a proof of subm ission of t he Applicat ion at least one w orking day befor e t he st art ing dat e of E- Auct ion ( w it hin 3 PM) . 16.0) ARBI TRATI ON / LEGAL JURI SD I CTI ON : This w ill be as per t he relevant Clauses st ipulat ed in t he Buyer Specific Term s and Condit ions already accept ed by t he Bidder s at t he t im e of Online Regist rat ion by him on t he MSTC E- Auct ion Websit e. Lit igat ion if any, pert aining t o t his cont r act w ill com e under t he Jur isdict ion of High Cour t Kolkat a. 17. I f t he successful highest Bidder ( Confirm ed or Pr ovisional/ Subj ect t o Approval) fails t o pay t he EMD/ Secur it y Deposit in t im e fr om t he dat e of issue of Sale I nt im at ion Let t er by em ail, t hen he shall be DEBARRED for a m inim um per iod of 6 ( six) m ont hs from par t icipat ing in all E- Auct ions disposal sales by MSTC and, his Regist r at ion Fee w ill be for feit ed. While considering his react ivat ion all fact s including t he num ber of Pr incipals/ E- Auct ions/ lot s for w hich he had failed w hich are germ ane should be t aken int o account .