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Auction Details

Auction Details
Auction No MSTC/ERO/HINDUSTAN PETROLEUM CORPN LTD/4/BUDGE BUDGE/20-
21/19198[269709]

Opening Date & Time 18-11-2020::12:00:00

Closing Date & Time 18-11-2020::16:00:00

Inspection From Date 10-11-2020

Inspection Closing Date 17-11-2020

EMD Type Not a Auto Prebid EMD Auction

Seller Details
Seller/Company Name HINDUSTAN PETROLEUM CORPN LTD

Location BUDGE BUDGE

Street BUDGE BUDGE LUBES TERMINAL, NO. 1, GRAHAM ROAD

City BUDGE BUDGE, KOLKATA - 700137

Country INDIA

Telephone 8697547820

Fax 9738832807

Email ntapaswi@hpcl.in

Contact Person NIRMALYA TAPASWI

 LOT NO[PCB GRP]/LOT NAME LOT DESC QUANTITY GST LOCATION

Lot
1.0
No: As
Black MS Additive Drums 1000 HPCL, Budge Budge Lube Terminal,
PCB GRP :[Empty Oil Drum] Applicable
old/unusable/obsolete NO Kolkata-700137 State :West Bengal
Lot Black MS Additive Drums / 18%
Name: old/unusable/obsolete
Lot
2.0
No: As
Blue/Green MS Additive Drums 1000 HPCL, Budge Budge Lube Terminal,
PCB GRP :[Empty Oil Drum] Applicable
Old/unusable NO Kolkata-700137 State :West Bengal
Lot Blue/Green MS Additive / 18%
Name: Drums Old/unusable
Lot
3.0
No: As
Old/unusable/obsolete HDPE HPCL, Budge Budge Lube Terminal,
PCB GRP :[Empty Oil Drum] 400 NO Applicable
Additive Drums Kolkata-700137 State :West Bengal
Lot Old/unusable/obsolete / 18%
Name: HDPE Additive Drums
Lot
4.0
No:
Damaged/Rejected/Leaky Red As
PCB GRP :[Empty Oil Drum] HPCL, Budge Budge Lube Terminal,
& white MS Drums(to be 120 NO Applicable
Damaged/Rejected/Leaky Kolkata-700137 State :West Bengal
Lot defaced) / 18%
Red & white MS Drums(to
Name:
be defaced)
Lot
5.0
No: As
Very old/perforated/leaky HPCL, Budge Budge Lube Terminal,
PCB GRP :[Empty Oil Drum] 100 NO Applicable
Additive Drums Kolkata-700137 State :West Bengal
Lot Very old/perforated/leaky / 18%
Name: Additive Drums
Lot
6.0
No: As
Old/unusable Open mouth MS HPCL, Budge Budge Lube Terminal,
PCB GRP :[Empty Oil Drum] 100 NO Applicable
Additive Drum with lid Kolkata-700137 State :West Bengal
Lot Old/unusable Open mouth / 18%
Name: MS Additive Drum with lid
Lot
7.0
No: As
Rejected/damaged/leaky HDPE HPCL, Budge Budge Lube Terminal,
500 KG Applicable
containers & lids Kolkata-700137 State :West Bengal
Lot Rejected/damaged/leaky / 18%
Name: HDPE containers & lids
Lot
8.0
No: As
Damaged/moisturized/unusable HPCL, Budge Budge Lube Terminal,
6 MT Applicable
cartons Kolkata-700137 State :West Bengal
Lot Damaged/moisturized/unusable / 18%
Name: cartons
Lot No: 9.0
As
HPCL, Budge Budge Lube Terminal,
Unusable/obsolete woven sacks 5 MT Applicable
Lot Unusable/obsolete Kolkata-700137 State :West Bengal
/ 18%
Name: woven sacks
Lot No: 10.0
As
HPCL, Budge Budge Lube Terminal,
Miscellaneous metal scrap 6 MT Applicable
Lot Miscellaneous metal Kolkata-700137 State :West Bengal
/ 18%
Name: scrap
Lot No:11.0
As
Unusable/Damaged PBO box HPCL, Budge Budge Lube Terminal,
1 MT Applicable
Lot Unusable/Damaged PBO sheet Kolkata-700137 State :West Bengal
/ 18%
Name: box sheet
Total No of Lots = 11
 
Special Terms & Conditions

 
 

NOTE:- BALANCE MATERIAL VALUE SHOULD BE SUBMITTED TO HPCL BANK A/C DIRECTLY BY THE BUYERS THROUGH RTGS/NEFT AT THE
FOLLOWING A/C DETAILS.

Bank Details
Bank Name :STATE BANK OF INDIA
Branch :SME N.S. ROAD BRANCH
A/c No : 11107943614
IFS Code :SBIN0015197

**BALANCE MATERIAL VALUE SHALL NOT BE ACCEPTED IN FAVOUR OF MSTC A/C. EXCLUDING MSTC SERVICE CHARGE
(1) 1st payment-for EMD- should be made to MSTC
(2) 2nd payment- for Balance material value- should be made to Seller(in this case HPCL) directly through online transfer.
In case of Online transfer, the vendor should mention Auction No & their Mobile No. for easy identification.
CONTACT PERSON AT MSTC, ERO, KOLKATA :- K Kranthi Kumar, AM, ERO, PHONE NO. 9174009882 Email: kkkumar@mstcindia.co.in. And =""
roman"="" ;mso-bidi-theme-font:minor-bidi;color:red;mso-ansi-language:="" en-us;mso-fareast-language:en-us;mso-bidi-language:ar-sa"=""> , M , ERO , PHONE
NO. 033 2281 2879; mail id : smukherjee@mstcindia.co.in

GST Clause

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 GST / Sale Tax Rate shall be replaced by GST
Rate and differential tax, if any, will be paid by or refunded to Buyers.

IIn the same way, all Principals / Sellers need to submit copy of certificate referring GST Registration Number with the respective office of MSTC Ltd. (from where Auction
is conducted) for updating Seller Registration details. It will not be possible to conduct any Auction or issue any Sale Order / Delivery Order, etc. wherever GST
Registration Number is not updated. Further the Service Tax Rate on Service Charge Bill, shall be replaced by GST Rate and differential tax, if any, will be required to be
paid by Principals / Sellers.

Subject to the reserve price, if any, fixed for the materials as per the list by the owner M/s. HINDUSTAN PETROLEUM CORPORATION LIMITED, 1, GRAHAM
ROAD, BUDGE BUDGE, 24 PARGANAS (SOUTH), KOLKATA - 700137 (HPCL-BB) or persons duly authorized in this regard (hereinafter called as Authorities) and
on the terms and conditions hereunder sale shall be made on ~As is where is and no complaints basis~.
M/s MSTC Limited is the Selling Agent of HPCL-BB and hereinafter referred to as M/s MSTC Ltd.

As per the provision of Hazardous Waste (Management, Handling & Transboundary Movement) Rules 2008, and its subsequent
Amendments, Used/Waste Oil, Battery & Lead Scrap, e-waste and other hazardous waste as specified in Schedule - IV of the Rules
shall only be sold to the registered recyclers &/or reprocessors under MOEF (Ministry of Environment & Forest)/CPCB (Central
Pollution Control Board). Hence all these registered recyclers &/or reprocessors under MOEF/CPCB and who has also registered
and /or will be registering as 'Buyer' at http://www.mstcecommerce.com/auctionhome/ shall be eligible for bidding. A notorised copy of
Registration Certificate of MOEF/CPCB should be provided at the time of depositing payment.

Immediately after closing of E-Auction, a system generated automatic Sale Intimation Letter (SIL) will be issued by e-mail to the
Highest Bidder advising him to deposit the prescribed Earnest Money Deposit (EMD) / Security Deposit (SD) within the stipulated
time. The status of the highest bid(s) having been accepted on Confirmed or STA (Subject to Approval) basis must be personally
seen by the Bidders online through the link "Auction Lot Status" immediately after closing of E-Auction which will be displayed
upto 7 (Seven) days from the date of Closing of E-Auction (including the date of closing of E-Auction) and payment of Post-Bid
EMD/SD is required to be made accordingly. Thus non-payment or delay in payment of post bid MD/ SD on the plea of non-receipt of
SIL will not be entertained by MSTC. MSTC also reserves the right to issue the sale intimation letter (on confirmed or STA basis)
by Speed Post/Regd. Post/Courier etc. Bidders must always keep their registered email account valid and keep a watch on their
incoming e-mail for their own convenience.

2. INSPECTION:

2.1. The materials offered for sale may be inspected with prior permission of the stock holder during 10:00 to 14:00 hours for the
last 5 working days from the date of e-auction (excluding e-auction schedule date). All the rates are to be quoted on the basis of
Unit of Measurement (UOM) as shall be mentioned in the auction catalogue/auction floor. The quantity indicated against the lots
are purely indicative and without any guarantee and MSTC / OWNER shall not entertain any complaint from the buyer for any
deficiency in qty. / number etc. or for recovery of the whole or part of the purchased money or any loss of profit / interest
/damages and otherwise.

2.2. Quantity variation +/- 10% is applicable in case of quantity available on weighment basis. Offer for part quantity not
acceptable. In case quantity falls short in any lot, the same will not be made up. The contract will be short closed at the quantity
actually issued.

3. VALIDITY:

3.1 The bidders must keep their offers (including the offers accepted on the ~SUBJECT TO APPROVAL~ (STA) basis) valid for a
period of 30 calendar days from the date of closing of the E-auction which may be extended for any further period of time as may
be mutually agreed upon by HPCL-BB and the buyer.
3.2 THE CONTRACT SHALL BE VALID UP TO THE VALIDITY PERIOD OF THE DELIVERY ORDER / RELEASE ORDER ISSUED BY MSTC
/ PRINCIPAL OR UP TO THE EXTENDED PERIOD OF VALIDITY OF THE DELIVERY ORDER / RELEASE ORDER IN CASE THE DELIVERY
PERIOD IS EXTENDED BY THE PRINCIPAL AT HIS SOLE DISCRETION AS THE CASE MAY BE.

4. EARNEST MONEY DEPOSIT FOR AUCTION:

4.1. Upon acceptance of the auction bid the buyer shall have to pay Earnest Money @ 10 % of material value against accepted bids
positively within 7 days of confirmation of bid by Demand Draft / Pay Order on any Nationalized / Scheduled Bank in favour of M/s.
Hindustan Petroleum Corporation Limited, payable at KOLKATA.

4.2. If any offer is accepted on ~SUBJECT TO APPROVAL~ (STA) basis the buyer shall have to pay Earnest money @ 10% of
material value against accepted bids positively within 7 days of confirmation of bid by Demand draft / Pay order on any
Nationalized / Scheduled bank in favour of M/s. Hindustan Petroleum Corporation Limited, payable at KOLKATA.

4.3. UPON ISSUE OF ACCEPTANCE LETTER / SALE ORDER, THE EMD SHALL REMAIN CONVERTED INTO SECURITY DEPOSIT AND
WILL BE ADJUSTED AGAINST MATERIAL VALUE ON RECEIPT OF BALANCE / FINAL PAYMENT.

4.4 Non submission of EMD within the stipulated time will lead to deactivation and deregistration of the concerned buyer.

5. CAVEAT EMPTOR:

5.1. The quantity, quality, measurement and condition of the materials indicated are all approximate. Participation and bidding by
any one in this sale shall be treated as conclusive evidence of the fact that the party has inspected the materials offered for sale
and satisfied himself in all respect regarding quantity, quality, measurement, weight and condition of materials, taxes and duties,
local working condition and other extraneous factors and principle of Caveat Emptor (let the buyer beware) will apply.

5.2. It shall be implied and taken for granted that the party has carefully gone through and understood the terms and conditions of
E Auction including the amendments if any, prevailing at the time of bid. No complaints or objections shall be entertained by
HPCL-BB / MSTC and/or the Authorities after the bid is opened / accepted.

5.3. HPCL-BB / MSTC do not give any warrantee or guarantee for the quality, chemical composition of the lot or about the end use
or fitness for a particular purpose. The break ups of the quantities given in the material list are only indicative and without any
guarantee. No. complaint whatsoever about any shortage shall therefore be entertained.

6. PAYMENT OF BALANCE AMOUNT:

6.1. Full / balance payment along with GST, excise duty and other applicable charges will be required to be made within Fifteen
(15) days from the date of acceptance letter by MSTC (including the date of issue) for SOLD (confirmed) lot. For STA lots, payment
will be required to be made within 14 (Ten) days from the date of issue of acceptance letter.

PAYMENT DETAILS FOR EXISTING QUANTITY ARE AS BELOW:

a) After adjustment of EMD/SD balance payment (AS PER AL) of the material value should be paid within 10 (Ten) days through
DD/PO in favour of M/s. Hindustan Petroleum Corporation Limited, payable at KOLKATA or as per the Acceptance Letters/Sale
Orders.
b) Proportionate Amount of material Value should be paid through DD/PO in favour of MSTC LIMITED payable Kolkata or as per the
Acceptance Letters/Sale Orders.
c) Applicable GST, TCS and/or any other levies should be paid through separate Ds/POs in favour of M/s. Hindustan Petroleum
Corporation Limited, payable at KOLKATA or as per the Acceptance Letters/Sale Orders.

6.2. The Demand Draft/Pay Order must be deposited at any office of M/s. MSTC Ltd., for issue of Delivery Order. Demand Draft / Pay
Order issued by any Co-operative Bank will not be accepted.

NNOTE: PARTY MUST PAY LOTWISE PAYMENTS SEPARATELY. FOR EACH LOT TOTAL BASIC VALUE + APPLICABLE GST - SERVICE
CHARGE% TO BE PAID IN ONE INSTRUMENT & NO CUMULATIVE PAYMENT (s) FOR MORE THAN ONE LOT WILL BE ACCEPTED BY
CORPORATION.

6.3. In case, the last day of payment happens to be Closed Holiday for MSTC or the Banking Institutions, the next working day will
be taken as the day of payment without late payment charge.

6.4. In case of default in making payment within the time limits specified herein above, the due payments may be made together
with additional charge at one per cent per week or part thereof on the material value, within a period of 14 Calendar days from the
date of the expiry of the free-payment time. However Principal reserves the rights to accept or not to accept sale value with
additional charges after expiry of 14 days as mentioned above.

7.0. TAXES & OTHER LEVIES:

7.1. GST & other duties if any over the price quoted/auctioned along with the full balance payment for issue of Sale Order. Such
Taxes are assessed by the Sales Tax Authorities and hence the rate applicable at the time of lifting of material shall be binding on
the bidders for making payments. Any dispute in this regard shall be taken up directly by the bidders with the Statutory
Authorities.

7.2. INCOME TAX:

TCS is not applicable against this Sale.

8.0. DELIVERY SCHEDULE:

8.1. The buyer shall lift the materials within 45 Calendar days from the date of issuance of the Delivery Order (issued by MSTC)
and / or 30 Calendar days from the date of issuance of Sale Release Order (issued by HPCL-BB) whichever is earlier.

8.2. Ground Rent: @ 1 % per week or part there of beyond free delivery period will be levied and up to 2 weeks maximum, provided
written request is received before the expiry of free lifting period, if no such request for extension is received, the sale order /
delivery order shall stand cancelled & security deposit will be forfeited automatically without further reference to the buyer.

DEFAULT IN LIFTING: In case of any Default in lifting of materials by the Buyer within the prescribed free time limit, the outstanding material may be lifted within 14
(Fourteen) Days from the due date subject to payment of Ground Rent by the Buyer directly to the PRINCIPAL for the period of delay. The Ground Rent will be payable @
1% per week or part thereof. All matters relating to charging of Ground Rate will be decided by the PRINCIPAL.

In case of Goods sold on Lot Basis, the Ground Rent will be calculated 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 un-lifted quantity.

9.0. FORFEITURE OF EMD/SALE VALUE:

9.1. In case the whole or any part of the goods sold remain uncleared, even after the authorized period stated in the delivery
schedule, the purchaser shall have no claim whatsoever on the goods remaining uncleared and the amount paid to HPCL-BB
equivalent to EMD shall stand forfeited at the expiry of the said period. HPCL-BB shall have the right to dispose of such goods in
any manner it likes. The purchaser will have no right whatsoever to any compensation.

"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

269709

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