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Auction Details

Auction No
MSTC/BPL/M.P. Madhya Kshetra Vidyut Vitaran Co. Ltd, Bhopal/5/MADHYA PRADESH/21-22/6736[294373]
Opening Date & Time
29-06-2021::12:00:00
Closing Date & Time
29-06-2021::16:00:00
Inspection From Date
19-06-2021
Inspection Closing Date
28-06-2021
EMD Type
Item Wise



Seller Details

Seller/Company Name
M.P. Madhya Kshetra Vidyut Vitaran Co. Ltd, Bhopal
Location
MADHYA PRADESH
Street
Nishtha Parishar Bijli nagar Govindpura Bhopal
City
Govindpura Bhopal - 462023
Country
INDIA
Telephone
9406902710
Fax
07552589821
Email
areastorebhopal@gmail.com
Contact Person
B.K. Sinha



LOT NO[PCB GRP]/LOT NAMELOT DESCQUANTITYGSTLOCATIONEMD AMOUNT
Lot No: 1A/F
Lot Name: Misc Iron Scrap
Misc Iron Scrap(Cut Pieces of Rail Pole, H-Beam, R.S. Joist), Empty Tanks of Transformer and CT/PT and other scrap etc.) at Area Store Bhopal.

REMARK: Unserviceable
50 MT As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 140,000.00
Lot No: 1B/F
Lot Name: Misc Iron Scrap
Misc Iron Scrap(Cut Pieces of Rail Pole, H-Beam, R.S. Joist), Empty Tanks of Transformer and CT/PT and other scrap etc.) at Area Store Bhopal.

REMARK: Unserviceable
54 MT As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 150,000.00
Lot No: 1/NF
Lot Name: DPC winding wire Al. wire scrap
DPC winding wire Al. wire scrap at Area Store Bhopal.

REMARK: Unserviceable
5.5 MT As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 7,000.00
Lot No: 2/NF
Lot Name: ACSR Conductor Scrap
ACSR Conductor Scrap at Area Store Bhopal

REMARK: Unserviceable
60 MT As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 800,000.00
Lot No: 3/NF
Lot Name: 1Phase/3Phase/Burnt/ Defective/ Iron Clad Type Meter
1Phase/3Phase/Burnt/ Defective/ Iron Clad Type Meter (Black) All type of Meters with cover scrap At Area Store Bhopal

REMARK: Unserviceable
25 MT As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 150,000.00
Lot No: 4/NF
Lot Name: GI Wire Cut Pieces
GI Wire Cut Pieces Separated From ACSR Conductor Scrap at Area Store Bhopal.

REMARK: Unserviceable
25 MT As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 60,000.00
Lot No: 5/NF
Lot Name: PVC wire & cable armoured
PVC wire & cable armoured & un-armoured all type mixed scrap at Area Store Bhopal.

REMARK: Unserviceable
10 MT As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 60,000.00
Lot No: 6A/NF
Lot Name: All Type Relay Scrap
All Type Relay Scrap at Area Store Bhopal.

REMARK: Unserviceable
350 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 10,000.00
Lot No: 6B/NF
Lot Name: All Type Relay Scrap
All Type Relay Scrap at Area Store Bhopal.

REMARK: Unserviceable
350 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 10,000.00
Lot No: 7/NF
Lot Name: 11KV Control Panel Scrap
11KV Control Panel Scrap at Area Store Bhopal.

REMARK: Unserviceable
14 NO As Applicable / 28% AREA STORE BHOPAL State :Madhya Pradesh 3,000.00
Lot No: 8/NF
Lot Name: 11KV RVT Scrap
11KV RVT Scrap at Area Store Bhopal.

REMARK: Unserviceable
18 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 6,000.00
Lot No: 9/NF
Lot Name: 11KV/33KV VCB Scrap
11KV/33KV VCB Scrap at Area Store Bhopal.

REMARK: Unserviceable
12 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 10,000.00
Lot No: 10/NF
Lot Name: 11KV Capacitor Unit Scrap
11KV Capacitor Unit Scrap at Area Store Bhopal.

REMARK: Unserviceable
156 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 15,000.00
Lot No: 11/NF
Lot Name: Single Phase 33 KV PT U/S without oil Scrap
Single Phase 33 KV PT U/S without oil Scrap

REMARK: Unserviceable
12 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 1,000.00
Lot No: 12/NF
Lot Name: 11KV CT Various Type/Capacity Without Oil Scrap
11KV CT Various Type/Capacity Without Oil Scrap at Area Store Bhopal.

REMARK: Unserviceable
259 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 80,000.00
Lot No: 13/NF
Lot Name: 33KV CT Various Type/Capacity Without Oil Scrap
33KV CT Various Type/Capacity Without Oil Scrap at Area Store Bhopal.

REMARK: Unserviceable
61 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 20,000.00
Lot No: 14/NF
Lot Name: 11KV CT/PT Unit Various Type/ Capacity Without Oil Scrap
11KV CT/PT Unit Various Type/ Capacity Without Oil Scrap at Area Store Bhopal.

REMARK: Unserviceable
30 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 25,000.00
Lot No: 15/NF
Lot Name: 33KV CT/PT Unit Various Type/Capacity Without Oil Scrap
33KV CT/PT Unit Various Type/Capacity Without Oil Scrap at Area Store Bhopal.

REMARK: Unserviceable
27 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 45,000.00
Lot No: 16/NF
PCB GRP :[Used Batteries/Lead Acid Batteries/Lead Acid Cells & Lead Scrap]
Lot Name: Battery Scrap
Battery Scrap at Area Store Bhopal.

REMARK: Unserviceable
1 MT As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 6,500.00
Lot No: 17/NF
Lot Name: Battery Charger Scrap
Battery Charger Scrap at Area Store Bhopal.

REMARK: Unserviceable
13 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 2,000.00
Lot No: 18/NF
Lot Name: Transformer oil filter Machine Scrap
Transformer oil filter Machine Scrap at Area Store Bhopal

REMARK: Unserviceable
3 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 7,000.00
Lot No: 19/NF
PCB GRP :[E-Waste]
Lot Name: Air Conditionor Window Type/ Split Type U/S Scrap
Air Conditionor Window Type/ Split Type U/S Scrap at Area Store Bhopal

REMARK: Unserviceable
2 NO As Applicable / 28% AREA STORE BHOPAL State :Madhya Pradesh 500.00
Lot No: 20/NF
Lot Name: Diesel Generator Set Scrap Trolley Mounted
Diesel Generator Set Scrap Trolley Mounted Make- Kirloskar Elec. Company Banglore KVA- 100/KW RPM-1500 Volt- 415 Amp- 139.1 HZ- 50 3 Ph. M/C No- 9520318-65 Sr. No- 34320450480

REMARK: Unserviceable
1 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 6,000.00
Lot No: 21/NF
Lot Name: Diesel Generator Set Scrap Trolley Mounted
Diesel Generator Set Scrap Trolley Mounted Make- Kirloskar KVA- 10 RPM-1500 Volt- 415 Amp- 14 HZ- 50 3 Ph. M/C No- 88AH16-181

REMARK: Unserviceable
1 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 6,000.00
Lot No: 22/NF
Lot Name: Diesel Generator Set Scrap Trolley Mounted Make- Ruston Industires Pune
Diesel Generator Set Scrap Trolley Mounted, Make- Ruston Industires Pune ,KVA- 7.25/KW, Volt- 415, Amp- 10.1, HZ- 50,3 Ph,. Sr. No- 314301600585

REMARK: Unserviceable
1 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 6,000.00
Lot No: 23/NF
Lot Name: Light & heavy vehicle tyres mixed scrap
Light & heavy vehicle tyres mixed scrap at Area Store Bhopal.

REMARK: Unserviceable
49 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 2,000.00
Lot No: 24/NF
Lot Name: Hard Fiber Black Reels Scrap
Hard Fiber Black Reels Scrap at Area Store Bhopal.

REMARK: Unserviceable
4 MT As Applicable / 5% AREA STORE BHOPAL State :Madhya Pradesh 5,000.00
Lot No: 1/X-mer BPL
Lot Name: 16KVA 11/.4KV transformer without Oil Al. wound U/E, scrap
16KVA 11/.4KV transformer without Oil Al. wound U/E, scrap at Area Store Bhopal

REMARK: Unserviceable
9 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 5,000.00
Lot No: 2/A/X-mer BPL
Lot Name: 25KVA 11/.4KV transformer without Oil
25KVA 11/.4KV transformer without Oil Al. wound U/E, scrap at Area Store Bhopal

REMARK: Unserviceable
48 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 40,000.00
Lot No: 3/X-mer BPL
Lot Name: 63KVA 11/.4KV transformer without Oil
63KVA 11/.4KV transformer without Oil Al. wound U/E, scrap At Area Store Bhopal

REMARK: Unserviceable
73 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 120,000.00
Lot No: 4/X-mer BPL
Lot Name: 100KVA 11/.4KV transformer without Oil
100KVA 11/.4KV transformer without Oil Al. wound U/E, scrap at Area Store Bhopal

REMARK: Unserviceable
30 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 55,000.00
Lot No: 5/X-mer BPL
Lot Name: 200KVA 11/.4KV transformer without Oil copper wound
200KVA 11/.4KV transformer without Oil copper wound U/E, scrap at Area Store Bhopal

REMARK: Unserviceable
6 NO As Applicable / 18% AREA STORE BHOPAL State :Madhya Pradesh 21,000.00
Total No of Lots = 32
 
Special Terms & Conditions
 
 
New Page 4 ONLY EMD & SERVICE CHARGE HAS TO BE DEPOSITED IN MSTC, BALANCE MATERIAL VALUE HAS TO BE DEPOSITED DIRECTLY TO SELLER IN THE ACCCOUNT GIVEN BELOW.

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

PRE-BID REQUIREMENT :-

(i) For Participation in this auction for prospective buyers must submit a Pre-Bid EMD with MSTC Thru its Pay Pre-Bid EMD link  only latest by 28/06/2021.

PRE-BID EMD PAYMENT:

1.       1.  CLICK ON Pay Pre-Bid EMD

2.       2. Enter the required amount of PRE-BID Amount as mentioned in auction catalogue as given below:

3.       3.  Click on Proceed to Payment

4.       4.  Fill the bank details of Current/OD account which is in Companys name

5.       5  PRINT RTGS MANDATE FORM and transfer the amount.

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

Pay Pre Bid EMD                              EMD Refund Request                                    EMD Ledger

Pre Bid EMD must be paid by the bidder(NEFT/RTGS) through this first link only otherwise the automation will not work.

Refund to bidder as per their online request will also be processed from HO on the next working day.

This pre-bid EMD cannot be used for any other purpose.

BUYERS HAVING PNB Account can transfer directly to MSTC PNB Account for PRE-BID Payment

A/C NO-3190002101015254

Beneficiary- MSTC LIMITED

 

SPECIAL NOTE FOR GOODS & SERVICE TAX (GST):

The Goods & Service Tax (GST) is implemented with effect from 01st July 2017 in India. Accordingly, VAT / Sales Tax will be discontinued and these taxes will be subsumed to GST. GST will be payable on all goods (whether scrap or otherwise). Hence all Buyers /Bidders having VAT Registration (TIN) need to register with GST for continuing transactions. Copy of certificate mentioning GST Registration Number needs to be submitted with the respective office of MSTC Ltd. (from where Registration was done) for updating Buyer Registration details. MSTC / Seller will not be able to issue any Sale Order / Delivery Order / Invoice, etc. wherever GST Registration Number is not updated. Further the existing VAT / Sale Tax Rate shall be replaced by GST Rate and differential tax, if any, will be paid by or refunded to Buyers.

THOUGH A FACILITY IS PROVIDED TO BIDDERS TO SELECT A CATEGORY IN THE LIVE AUCTION FLOOR, HOWEVER, BUYERS, IN THEIR OWN INTEREST ARE ADVISED TO GO TO LIVE E AUCTION FLOOR, AFTER SELECTING "ALL CATEGORIES". MSTC WILL NOT BE RESPONSIBLE FOR ANY OVERSIGHT IN  SELECTING THE CATEGORY IN LIVE E AUCTION/LOT ON THE PART OF BIDDERS/BUYERS.
 

NOTE :-

Please ensure that Hazardous Waste/ Burnt transformer oil should be transported only through vehicle/tankers which are registered and authorized by MPPCB.

DDs of Cooperative Bank/Arrangement instruments shall not be accepted and will be returned without any action being taken on them.

A: Incase the date of submission of payment happens to fall on a Public Holiday, the next day shall be considered as the date of submission of payment.

B: The Sale will be governed by the Material List & Special Terms & Conditions (STC) displayed on the Live eAuction Floor (and not under Forthcoming Auctions) as well as the General Terms & Conditions (GTC) and Buyer Specific Terms & Conditions (BSTC) already accepted by the Bidder at the time of eAuction Registration with MSTC. The Material List & STC displayed under View Forthcoming Auctions on MSTC's eAuction Website are tentative and subject to change at MSTC's sole discretion 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. The BSTC and GTC can be seen and downloaded by going to the Home Page of the eAuction Website and clicking on NEW USER. Participation in the eAuction will be deemed to imply that the Bidder has made himself thoroughly aware of and accepted the STC, BSTC and GTC. In case of any conflict between the STC and BSTC, the STC shall prevail. MSTC shall have the right to issue addendum to the STC or BSTC, 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.

C: The Principal/Owner of the materials reserves the right to withdraw at any stage the sale of any item or quantity of material either by number or by weight or any other specific unit etc, even after issue of Sale Order/Delivery Order. The Principal/Owner will not be bound to assign any reason or details thereof. Value of the materials so withdrawn, if any, and paid by the buyer will be refunded. The Principal will however, not be responsible for any damage, loss, direct or consequential compensation whatsoever to the buyer nor for payment of any interest.

"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."


NOTE : THE e-AUCTION CATALOGUE ON THE LIVE E-AUCTION FLOOR SHOULD BE TREATED AS FINAL AND BINDING.

For any queries please contact

Shri Shishupal Yadav, Dy Manager,

MSTC Limited, Bhopal : 8826562675/0755-2552241

E mail - syadav@mstcindia.co.in  OR mstcbhopal@mstcindia.co.in


1.MSTC Ltd. Shall hereinafter be referred to as MSTC and M. P. Madhya Kshetra Vidyut Vitaran Co. Ltd., BHOPAL (MPMKVVCL) as owners.

2. All the offer shall be valid for a period of 30 days from the date of closing of e-auction.

3. All the materials are offered for sale on AS IS WHERE IS basis and where they are stacked. Materials are sold on the assumption that bidders have inspected the same and know what they are buying, irrespective of whether they have first inspected the materials or not. No complaint shall be entertained in this regard. The materials offered for sale must be inspected prior to due date of e-auction. For inspection & other related matters, bidders may contact 

B.K. Sinha, GM (Area Stores), MPMKVV Co. Ltd., Bhopal Mob. 9406902710  ,

Landline : 0755-2589821

4. The bidders shall submit Earnest Money Deposit in MSTC within 7 days of confirmation of bid. The EMD must be @10% of the net sale Value quoted (excluding taxes & duties) against each lot. Upon issue of the sale order the EMD shall automatically be converted into Security Deposit. The Security Deposit as specified in Sale Order shall be adjusted only at the time of final payment.

5. The period of contract shall be of sixty days from the date of last Delivery order by MSTC against full payment made by the party. The contract shall be deemed to be complete as soon as the Area is cleared of the entire material allotted or on completion of the period of contract as mentioned above, whichever is earlier.

6.0 All the materials are offered for sale on AS IS WHERE IS basis Ex works Owners, QUOTATION MUST BE SUBMITTED ON UNIT BASIS FOR EACH LOT SEPARATELY NOT PART THEREOF i.e. in Rupees per unit only.

6.1 The quantities indicated against the lot are purely indicative subject to a variation of ÃÃÃÃñ 30%. In the event of quantity turning out to be more than the estimated quantity, the buyer has to lift the entire material and clear the site after making the required payment. In the event of actual quantity turning out to be less than the estimated quantity, the buyer shall not be entitled to claim any damages, loss of interest or compensation on this count except the refund of material value and taxes for that much quantity from the MPMKVVCL.

7. Rate must be quoted exclusive of GST or any other taxes/duties etc. Any variation in GST  or in any kind of tax will be borne by the buyers.

8. Bidders shall submit his/their income tax clearance certificate (latest) partnership deed of org. as and when demanded by MSTC / Owners.

9. The Bidders/customers' workmen shall have to abide by the rules& regulation including safety & security regulation of the relevant statutory Acts. Entry inside the works/Stores should only be against Gate pass for the men and equipment for which purchaser will have to apply well in advance before lifting commences.

10. The purchaser shall ensure that his workmen do not loiter around within the stores area of MPMKVVCL. They shall not touch any material except that material shown to them. If any of his workmen is even found violating these restriction, the purchaser shall be responsible for making good the loss to the owners on which their decision shall be final and binding. 

11.1 PAYMENT PERIOD

(i) The buyer will be given 15 days from the intimation of acceptance letter to make the balance payment. The entire amount including material value, all taxes& duties has to be deposited by the buyer within 22 days of confirmation of the bid.

Bank Details
Bank Name :State Bank of India
Branch :Govindpura, Bhopal
A/c No : 30548440810
IFS Code :SBIN0004823

 

(i) The buyer will be given 15 days from the intimation of acceptance letter to make the balance payment. The entire amount including material value, all taxes & duties has to be deposited by the buyer within 22 days of confirmation of the bid.

(ii) For any delay in making payment within the time limit specified, the due payment may be made together with late penalty @1% per week or part thereof on the material value for the period of delay within 14 days from the due date. However, MSTC reserves the right not to accept the payment with or without the late penalty after the expiry of the above mentioned time limits or even within the aforesaid additional period of 14 days at MSTCs sole discretion and in such an event the sale of the lot will be automatically cancelled and the Earnest Money/Security Deposit (as the case may be) will automatically stand forfeited.

11.2 LIFTING PERIOD : Material to be lifted by the Buyer by employing their own labour and transport at their own cost within 30 days from the date of Delivery Order including date of issue.

11.3 Ground Rent @1% per week on material value or part thereof beyond free lifting period as detailed above will be levied and up to 2 weeks maximum, provided written request is received before the expiry of the free lifting period. If no such request for extension is received, the sale order stands cancelled & security deposit forfeited on completion of free lifting period.

11.4 Customers are required to lift the materials completely on clean sweep basis as to clear site failing which ground rent as applicable will be charged. Quantity indicated in catalogue is only estimated quantity and MPMKVVCL/ MSTC shall not compensate for any loss & damages should the actual quantity, be less than estimated quantity.

12. Section 206C of Income Tax Act, 1961 will apply to the sale.

13. Hazardous Waste : The scrap materials / items which comes under the category of Hazardous Waste as per Hazardous Waste (Management & Handling) Act 1989 and Amendment Rule 2002 & 2003 shall be sold only to those buyers who are registered with Ministry of Environment & Forest, GoI / Central Pollution & Control Board.

14. MSTC/MPMKVVCL reserves the right to call all the eligible bidder(s) for revised bid along with requisite EMD for any lot.

NOTE : After the submission of bid(s) by the Buyer, a presumption would be drawn that the buyer has inspected the material and has satisfied himself about the nature, quantity ,quality, other technical specifications, taxes-duties and legalities prior to the e-auction. No complaint, whatsoever, on the points referred above, would be entertained after the submission of the bid.

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 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.

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.

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.

294373