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BUYER'S GUIDELINES
How do I bid ?

To bid in MSTC Auction, you will have to be a registered buyer. For registration you have to log
into MSTC Auction Web site and click the button for registering. You have to fill a form and
submit it. You will have to remember the user id and password which you have entered. This
will be required for bidding. Your login will not be activated and you will not be able to bid unless
you pay your registration fee (off line). After the payment is made your login will be activated
and you will be allowed to bid.

How many auctions can I bid on?

There is no limit to the number of auctions you can bid. So long an auction is active you can bid
as many as you like.

What is the difference between straight bidding and automatic bidding ?

You can bid on an item by straight bidding or automatic bidding (automatic bidding is also
referred to as "proxy bidding").

Straight bidding :

Enter an amount higher than the current winning bid and click the bid button. Your bid will be
accepted.

Automatic bidding (Proxy Bidding) :

Automatic bidding places bids on your behalf at pre specified increments. Simply enter your
maximum bid (the highest amount you are willing to pay), and the increment amount. For
example, if present H1 bid is Rs. 100 per unit say, and a autobidder bids Rs. 2000 as maximum
and Rs. 3 as increment, then system will record his bid as Rs. 103 keeping a track of maximum
Rs. 2000 and increment Rs.3. If any other bidder bids any amount above Rs. 103/- , then
system will record autobidder H1 bid as Rs 103 + 3 x no of minimum increments required to
exceed the other bidders H1 bid amount till the autobidder's maximum is reached. One bidder
can bid only one autobid per item at any time before the close of that lot.

What are the bid increments ?

Any new bid must be greater than the current high bid. The minimum additional amount you're
required to add on the previous bid is called the bid increment.

Can I cancel my bid ?

After you place a bid on the auction item page, you cannot cancel the bid. So before you bid, be

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very careful whether you are willing to bid or you have the sufficient fund to purchase the item in
case you win the bid.

What is a reserve price?

The reserve price is the lowest price the seller is willing to accept for the auction item. In fact the
seller puts reserve price for every item he posts before the starting of an auction.

How do I know that my bid was accepted?

During the bidding process, you will see the highest bid on the Bid page. If your bid is the
highest, the page will show you the highest bid. (This doesn't mean that you've won the auction,
only that your bid is currently the highest bid. To win, the auction must close without any higher
bids.)

I've been outbid! What should I do ?

You have to be vigil on the auction floor. Once you find that a bid has appeared which is higher
than the bid you made, you have to re-bid.

How do I ask the seller a question ?

You can email the seller. In fact it will be little required in the context of auction floated in MSTC
Auction site as you have to contact MSTC with queries on any auction. MSTC acts as a
facilitator of its principal (seller) for conducting its auction.

I won the auction. What do I do next ?

You will be informed by email when you win an auction. You will have to pay the requisite
amount as material value for the bid you won to MSTC (off line). MSTC will provide you with
Delivery Order which you have to show to the seller for collecting the material.

How do I contact the seller ?

You will be informed by email when you win an auction. You will have to pay the requisite
amount as material value for the bid you won to MSTC (off line). MSTC will provide you with
Delivery Order which you have to show to the seller for collecting the material.

Where and how do I send payment ?

You have to make the payment to any of the region / branches of MSTC (offline) unless
specified otherwise.

What if I receive something materially different from the auction description ?

It is the duty of the buyer to physically inspect the materials at the sellers location prior to the
auction start.

How do I rate the seller ?

It is through your personal experience in dealing with the seller that you can rate the seller.

SELLERS' GUIDELINES

How do I submit an item for auction ?

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Selling an item on MSTC Auctions is easy. To submit an item in MSTC Auction, you will have to
be a registered seller. For registration you have to log into MSTC Auction Web site and click the
button for registering. You have to fill a form and submit it. You will have to remember the user
id and password which you have entered. This will be required for all operations related to your
auction. After entering into agreement with MSTC (offline) your login will be activated and you
can submit your auction and the items pertaining to the auction. Items will be posted by MSTC
but if you desire to do it yourself, you are free to do so.

How do I add a photo to my listing ?

Scanned images of the item to be sold can be sent to MSTC for inclusion and display along with
the material list.

What am I not allowed to sell ?

Here's a list of some of the types of items that generally are not allowed on MSTC
Auctions.

• Copyright or Trademark-Sensitive Goods

• Counterfeit or Knock-Off Goods
• Items Subject to Embargo
• Hate Materials
• Live Animals
• Goods Made From Protected Animal/Plant Species
• Recalled Goods
• Hacking/Surveillance/Interception/Descrambling Equipment
• Cigarettes
• Illegal Drugs and Paraphernalia
• Prescription Drugs and Medicl Devices
• Body Parts and Bodily Fluids
• Stolen Products and Items Used for Theft
• Fireworks, Explosives, and Hazardous Materials
• Government IDs
• Police Items
• Stocks and Securities
• Gambling Items
• Services
• Individual Contracts
• Non-Transferrable Items
• Non-Packaged Food Items
• Weapons

Where can I monitor all my auction activity ?

You can monitor your auction activity by logging into using your login and password. You can
view the bidding history of the live auctions, reserve prices (Reserve Price can only be viewed
by Seller and no one else), and other features. However you will be auto emailed once the
auction ends with detail information on the auction (Highest Bidder, Subject to Approval items,
Rejected Items).

Can I edit my auction after it starts ?

You will not be allowed to edit any item once the auction starts.

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How do I cancel bids in my auction ?

You cannot cancel a bid. But you can restrict a buyer from bidding. For that you have to contact
MSTC and make a formal request to lock the specific buyer's bidding.

How do I close or cancel my auction ?

You cannot close / cancel your auction once it starts. You can cancel your auction prior to the
starting of the auction. For that you have to contact MSTC and make a formal request to cancel
the auction.

How do I answer a bidder's question ?

Bidder's question that will come to you by email can be answered by clicking the 'Reply' button
present in your email client you are using.

My auction closed with a winner. What do I do next ?

On closing of the auction you will be intimated about the winner. The winner will also get an
email stating what he has to do. He will contact MSTC and MSTC will handover him the
Delivery Order after getting the requisite material value. The winner will approach you with the
Delivery Order for allowing him to lift the material.

My auction closed, can I resubmit ?

The question of resubmit comes when you will not find a buyer that may arise due to the
following reasons.
i) Nobody submitted any bid.
ii) The highest bid amount is lower than the reserve price.
iii) Withdrawal of an item prior to auction.

On your request MSTC will arrange for re-auctioning.

How do I contact the winning bidder ?

On closing of the auction the winner will get an email stating that he has won the item and what
he has to do. He will contact MSTC and MSTC will handover him the Delivery Order after
getting the requisite material value. The winner will approach you with the Delivery Order for
allowing him to lift the material.

What if a bidder backs out ?

a) If the bidder backs out after becoming the successful bidder the login of the defaulting bidder
will be deactivated and the bidder will not be allowed to take part in any other auction in future.
b)If the successful bidder backs out after depositing EMD/Security Deposit, the EMD/Security
Deposit as submitted by the bidder in default shall be forfeited and remitted to you after
deduction of our proportionate service charges.

What if my Reserve Price is not met ?

If the reserve price has not been met by close of auction, the auction closes without a winning
bidder. If the bid price matches the limits specified for inclusion in Subject To Approval (STA),
then the same shall be shown under STA category and you will be informed about that. In this
case you have to convey the acceptability of the bid amount or otherwise of the bid value to
MSTC as well as the bidder within 3 days (Excluding holidays) of the close of the auction. On
your request MSTC will arrange for inclusion of the unsold item in your next auction.

How do I rate a bidder ?

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There are various reports available by which you can rate a bidder.

I received a complaint against my auction. What does this mean ?

The complaint may be on the item or on the process of auction. The item to be physically
inspected by the buyer before bidding and the buyer should not complain. The process of
auction is a proven one and there should be no complaint on the auction process. Any other
complaint should be mutually resolved either by you or MSTC or both.

How can I promote my auctions and get more bids ?

As a seller, you want to attract bidders to your auction to get a higher price. Here are some
suggestions to help to attract more attention to your auction.

Feature your auction: You can highlight your auction in the page by special agreement with
MSTC.

Describe your item in detail: The more information you can give about your item, the more
bidders will bid with confidence since they know exactly what they are getting. Be sure to
include information like condition and size of the item.

Add a photo: Seeing is believing. Generally, auctions with images have higher sell-through.

Place your auction in the correct category: Many users like to browse through our categories.
Placing your auction in the appropriate category increases the likelihood of interested bidders
viewing it.

How do I blacklist a bidder ?

You can blacklist a buyer from bidding. For that you have to contact MSTC and make a formal
request to blacklist the specific buyer.

Is there a notification system for auctions ?

Yes. Forthcoming auctions are notified to registered buyers. Among other notifications the auto
notfication to the winner and seller needs appreciation.

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MSTC Ltd

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