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Auction Catalog Report AS PER ANNEXURE CLICK HERE FOR ANNEXURE AS PER ANNEXURE CLICK HERE FOR ANNEXURE AS PER ANNEXURE CLICK HERE FOR ANNXURE Powered By Docstoc
					                                                  Auction Catalog Report

                                                            Auction Details
                                                   MSTC/VZG/ORISSA POWER TRANSMISSION CORPORATION
Auction No
                                                          LTD./1/BHUBANESWAR/11-12/2669[39330]
Opening Date & Time                                                 21-07-2011::11:00:00
Closing Date & Time                       Scheduled Time 21-07-2011::15:00:00                 Closed At 21-07-2011::15:00:00
Inspection From Date                                                       01-07-2011
Inspection Closing Date                                                    20-07-2011


                                                                Seller Details
Seller/Company Name                                         ORISSA POWER TRANSMISSION CORPORATION LTD.
Location                                                                       BHUBANESWAR
Street                                                                             JANAPATH
City                                                                      BHUBANESWAR - 751022
Country                                                                               INDIA
Telephone                                                                         06742547185
Fax                                                                               06742541106
Email                                                                        sto.cir.bbs@optcl.co.in
Contact Person                                                                TUNILATA NAYAK




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

Lot No:      01                                   U/s Scrap Materials /
                                                  Transformers(1175 items)

Lot Name: U/s Scrap Materials(1175 items)         AS PER ANNEXURE.
CLICK HERE FOR ANNEXURE

Click here for ANNEXURE 1 LOT As Applicable / As Applicable Different locations in Orissa (as per Annexure)


Lot No:      02


Lot Name: U/s Scrap Materials(2094 items)
U/s Scrap Materials / Transformers (2094 items)

AS PER ANNEXURE.

CLICK HERE FOR ANNEXURE
Click here for ANNEXURE

                       1 LOT As Applicable / As Applicable Different locations in Orissa (as per Annexure)
Lot No:      03


Lot Name: U/s Scrap Materials(486 items)
U/s Scrap Materials/Transformers (486 items)

AS PER ANNEXURE.

CLICK HERE FOR ANNXURE
Click here for ANNEXURE

                       1 LOT As Applicable / As Applicable Different locations in Orissa (as per Annexure)
Lot No:      04
                                                Auction Catalog Report


Lot Name: U/s Scrap Materials(512 items)
U/s Scrap Materials (512 items)

AS PER ANNEXURE.

CLICK HERE FOR ANNEXURE
Click here for ANNEXURE

  1 LOT As Applicable / As Applicable Different locations in Orissa (as per Annexure)Total No of Lots = 4Special   Terms &
                                                        Conditions

                                  THIS E-AUCTION SALE IS GOVERNED BY THE

                                    GENERAL TERMS & CONDITIONS (GTC),

                             BUYER SPECIFIC TERMS & CONDITIONS (BSTC) AND

                                      SPECIAL TERMS & CONDITIONS (STC)

OF THE E-AUCTION . IN CASE OF ANY CONFLICT OR DIFFERENCE AMONG ANY PROVISIONS
OF GTC, BSTC & STC, THE PROVISIONS OF STC WILL SUPERCEDE OTHERS IN THE
PARTICULAR E-AUCTION.

THE SPECIAL TERMS & CONDITIONS APPEARING ON THE DAY OF AUCTION ARE FINAL AND
                         WHICH MAY BE DOWNLOADED.

ALL LOTS ARE AS-IS-WHERE-IS BASIS AND NO COMPLAINT BASIS.

CONTACT PERSON/DEPARTMENT OF STOCK HOLDER: MRS. TANULATA NAIK TELE/FAX
:(0674) 2541106, MSTC LTD : S. PRAMANICK, AM, PH :(0891)2701066, M=09490748913, FAX
:(0891)2747053, E-mail : skpramanick@mstcindia.co.in.

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 /
Accepted lots
           in the form of DEMAND DRAFT drawn in favour of "THE OPTC LTD.,
BHUBANESWAR", payable at BHUBANESWAR on any scheduled bank.
                                           Auction Catalog Report
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/Accepted 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) 2.4818% of the material value to be paid in favour of MSTC Limited, by way of DD / PO, payable at
Visakhapatnam.

(ii) 97.5182% Material value, Applicable VAT, TCS@ 1% on Gross material value should be paid in f/o
"THE OPTC LTD., BHUBANESWAR", payable at BHUBANESWAR.

(iii) Additional Security deposit (S.D.) @5% of the material value will also has to be paid favouring "MSTC
LTD, payable at Visakhapatnam"along with other payments as per sale order. SD will be refunded on getting
NOC from OPTCL, Bhubaneswar.

(iv) FORM "C" WILL BE ACCEPTABLE.
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
                                           Auction Catalog Report
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 DEMAND DRAFT. 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 Sellers 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 @
1% 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) GENERAL : a) VALIDITY OF BIDS: All the bids will be valid for 30 thirty days from the date of
closing of e-Auction, excluding the date of closing. In case the 30th day falls on a holiday or remains closed
for MSTC, such Bids will be deemed to be automatically extended to be valid upto the next working day of
MSTC. b) PERIOD OF CONTRACT: Up to the validity period of the Delivery Order issued by MSTC/Seller
or up to the extended period of validity of the Delivery Order/Release Order in case the Delivery period is
extended by the Seller. c)Confirmation of sale on confirmed basis/STA basis : After closing of e-Auction, in
case the Highest Bid is equal to or more than the Reserve Price, the respective Lot will be deemed to be Sold
on CONFIRMED basis, whereas if the Highest Bid is less than the RP but equal to or more than the lower
limit of the RP, then such Highest Bid will be deemed to be Provisionally Sold on SUBJECT TO
APPROVAL (STA) basis for which status will be available at the website as indicated above. For lot sold on
provisional under STA basis, final online approval or otherwise will be made by the principal and automatic
email intimation will be issued to the bidder within the validity of their offer which shall be 10 calendar days
from the date of issue of email intimation(excluding the date of issue). d) CAUTION IN SUBMISSION OF
BID : The Bidder shall be solely responsible for all consequences arising out of the bid submitted by him
(including any wrongful bidding by him) and no complaint/representation will be entertained by MSTC/Seller
in this regard. Hence Bidders must be careful to check (the Bid Amount/No. Of 0/No.of Digits/Unit of
Measurement etc.) and rectify their bid (if required) before submitting their Bid into the live e-Auction floor
by clicking the 'Bid Button. In case of any bid being equal to or more than 5 (five) times the current Highest
Bid for a particular Lot, this will be displayed by way of a WARNING on the Bidder's screen before he
confirms/submits the bid. There is no provision for putting Bids in decimals. During Live Auction, only brief
Lot/Item details will be shown under Lot Name on the Auction Floor where Bidders are required to bid. The
complete Item Details can be seen by the Bidders by clicking on the respective Item hyperlinked under Lot
Name and it shall be the responsibility of the Bidders to see the Item Details before bidding and no
representation / complaint in this regard will be entertained by MSTC / Seller from the Bidders. e)UNIT OF
MEASUREMENT (UOM) FOR BIDDING, SALE & DELIVERY: Each Lot will have to be bid, sold and
delivered on the basis of Unit Of Measurement ( i.e. UOM ) stipulated in the Material List displayed on the
Auction Floor of View Live Auctions. Any representation/complaint from the Bidders for the Bid to be
made/having been made on the basis of any other Unit of Measurement will not be entertained. f) TAXES
AND DUTIES : Normally all sale will be treated as Local Sale & the Buyer shall have to pay Sales Tax as per
the Local Sales Tax Act/Rules/Tariff of the concerned State applicable on the date of delivery. C-FORM IS
ACCEPTABLE. The rate of Excise Duty, Sales Tax/VAT Income Tax, Education Cess or any other statutory
Duty/Tax/Levy/Charge etc. will be applicable and payable by the Buyer as prevailing on the date of actual
physical delivery of materials. The rates of Duties and Taxes displayed on the e-Auction Website are only
indicative and based on the rates prevailing before the commencement of the e-Auction. Successful Bidders
shall have to pay Income Tax by way of TCS @1.0% plus 10% Surcharge and 2% Education Cess plus 1% as
higher Education Cess on all Scrap items purchased for trading as per Section 206 C of IT Act 1961. The TCS
                                           Auction Catalog Report
will be calculated on the gross Sale Value i.e. Materiel Value plus Excise Duty (if any) & Sales Tax/VAT. g)
DEACTIVATION OF PASSWORD : If the successful highest Bidder for both Confirmed or STA sale, fails
to pay the Post-Bid EMD/SD in time, then his Password will be deactivated and shall normally be
DEBARRED for a minimum period of 6 (six) months from participating in all e-Auctions and disposal sales
by MSTC on behalf of this Seller and, his Registration Fee will be forfeited. While considering his request for
reactivation which will be at the sole discretion of MSTC, all facts including the number of Seller/ eAuctions /
Lots for which he had failed which are germane will be taken into account. h) SALE OF UNSOLD LOT :
MSTC at its sole discretion may take recourse to any of the following options for sale of the unsold Lot:
a)The Unsold Lot may be put up for re-eAuction at the sole discretion of MSTC without Pre-Bid EMD
(Earnest Money Deposit) OR with Pre-Bid EMD as may be deemed fit by MSTC. b)The H-2 Bidder may be
asked to match the H-1 Bid along with submission of requisite EMD / SD within a period as may be
prescribed by MSTC. c)MSTC may take any other action in consultation with the Seller. i) DELAYED
PAYMENT OF POST-BID EMD/SD :Delayed payment of Post-Bid EMD/SD may be accepted depending on
the circumstances of the case or urgency of disposal with/without penalty as may be deemed fit by
MSTC/Seller. This shall however not confer any right to the Bidder to make any Late Payment of Post-Bid
EMD/SD. j) CALCULATION OF GROUND RENT FOR DELAYED LIFTING :In case of Goods sold on
Lot Basis, the Ground Rent will be calculated at the rate specified above on the value of the entire Lot even if
lifted in part, where as in case of Goods sold on Unit Weight or Unit Number Basis, the Ground Rent will be
calculated on the value of unlifted quantity However it must be noted by the Bidders that it will be the sole
discretion of the Seller not to allow the Buyer to lift the Goods with or without the Ground Rent after the
expiry of the stipulated free Delivery period or even within the aforesaid additional period of 14 (Fourteen)
Days and in such event, the sale of the material not lifted by the Buyer(s) will be automatically cancelled and
all the moneys paid by the Bidder /Buyer will be automatically forfeited. k) REMOVAL OF SOLD
MATERIAL :The materials sold shall be removed by the Buyers from any one side of the Lot as per the sole
direction of the Seller and no segregation/pick and choose of items from the sold Lots will be permitted. For
the purpose of removing the materials, the successful Bidder shall employ or engage only his / their own
personnel at their own cost and shall keep the Seller fully indemnified against any claims whatsoever
including claim for wage, injuries, compensation, death etc. They must follow all safety rules in this
connection wherever applicable. The buyer shall be liable for any violation of such rules. l) DISMANTLING
OF MATERIAL FOR LOADING :In case any cutting permission is required for dismantling operations, the
same will have to be obtained by the Buyers from the Seller's authorized representative and it will be sole
discretion of the Seller to allow or not to allow such cutting permission. In case such permission is granted by
the principal, such operation has tobe undertaken at buyers cost and risk only, to the extent of facilitating the
loading and transportation of the goods. They must follow all safety rules in this connection wherever
applicable. The buyer shall be liable for any violation of such rules. m) ACCIDENT DURING
DISMANTLING/REMOVING/LOADING/TRANSPORTATION AT Sellers PREMISES: While
dismantling/ removing/loading/transportation of materials at sellers premises ,if any accident or damage to the
property/life etc. arises by reason of any act of negligence /omission /default or non-compliance with any of
the Terms & Conditions of statutory regulations or rules and regulations applicable or otherwise on the part of
the Bidder's / his representative or employees resulting in death or injury to any persons or damages to the
property of Seller or any third Party then in such an event the Bidder will have to pay compensation to any
such person including the employees of Seller for such injury / for damage to person's property of such
persons. The Bidder shall in such and event keep the Seller fully indemnified from any demand, claims or
proceedings made by any party. n) EXPORT OF GOODS: In case of Goods belonging to Defence
Depots/Units under Ministry of Defence and Ordance Factories, participation in the eAuction by the Bidders
shall be deemed to imply that the Bidder undertakes not to export the Goods outside the territory of India,
unless otherwise permitted by the seller, failing which the sale will be liable for cancellation. o) SALE OF
HAZARDOUS WASTE ITEMS: a) Sale of Hazardous Waste items, namely Waste/used Oil and specified
categories of Non-Ferrous Metal Waste will be governed by the Hazardous Wastes ( Management and
Handling ) Rules, 1989 and its amendments, of the Central Government. Under Rule 7 (sub-rule 6) of the
Hazardous Wastes Rules, in case of transport of hazardous wastes to a facility for treatment, storage and
disposal existing in a State other than the State where hazardous wastes are generated, the occupier shall have
to obtain No objection Certificate from the State Pollution Control Board or Committee of the concerned State
or Union territory Administration where the facility is existing. Notarised copy of such NOC must be
                                            Auction Catalog Report
submitted before issue of delivery order within the specified time. The lots shall be delivered by the
seller/owner to the successful MOEF/CPCB registered buyers after receiving the above NOC and also making
necessary endorsement in respect of the quantity transacted in the original letter of MOEF/CPCB registration
and photostat copies of the endorsement shall be furnished to their State Pollution Control Board by the
seller/owner.b)Sale of Batteries shall be governed by the Batteries (Management and Handling) Rules, 2001
of the Central Government.. The lots shall be delivered by the seller/owner to the successful MOEF/CPCB
registered buyers after making necessary endorsement in respect of the quantity transacted in the original
letter of MOEF/CPCB registration and photostat copies of the endorsement shall be furnished to their State
Pollution Control Board by the seller/owner.c) If the validity of Bidders MOEF/ CPCB Certificate expired on
the Starting Date of eAuction, then there is likelihood of his Password being deactivated. Therefore, interested
bidder must ensure to produce a valid MOEF/CPCB renewal certificate photocopy to MSTC along with its
original for verification and return to get his Password duly activated before the Starting Date of e-Auction.
Wherever after the award of the lot, validity of MOEF/CPCB Certificate expired, the bidder must submit copy
of such certificate duly renewed by MOEF/CPCB within the stipulated time of payment of Balance Sale
Value failing which the payment will not be accepted and the pre-&post bid EMD/SD paid will stand
automatically forfeited. p) The Bidder(s) shall have no right to issue any addendum to these Special Terms
and Conditions or Buyer Specific Terms and Conditions to clarify, amend, supplement or delete any of the
conditions, clauses or items stated therein. q) MSTC / Seller reserves the right to accept / reject any offer / bid,
withdraw from sale, the materials offered for sale in full or part thereof prior to or after the acceptance of the
bid without specifying any reason thereof.

11) 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

12) 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.

13) 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.

39330

				
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