extensive steel mill support stores online auction ... - Hilco Industrial

Where VAT is relevant, it will be levied on the bid price and charged in addition to the bid
price. Where the Sale is subject to a Buyer’s premium, then VAT will also be payable on,
and in addition to, the calculated Buyer’s premium.
VAT charged on the bid price may be refunded, in appropriate cases, where notification
has been received by Hilco before, or within two working days of completion of the Sale,
that the Buyer intends to export the goods. Where such notification has been received, the
VAT will be levied at the point of Sale and held for a period of four weeks from completion
of the Sale. For these purposes, the completion of the Sale is specified as 26 th February
2013. Buyers should note that that the Buyer’s premium is a supply within the UK and is
not refundable irrespective of whether or not the goods are exported.
Subject to the above, the two conditions under which VAT will be repaid are as follows:
Non EC Purchasers: VAT will be repaid upon receipt of a copy of the Bill of Lading, or
other official documentation, to prove that the goods have been exported.
Companies Registered in an EC Member State: the VAT element will be repaid upon
receipt from the Buyer of a copy of official company letterhead incorporating their VAT
number.
In the event that claimants do not comply with the above terms, the VAT element will be
transferred to the Seller in accordance with our standard VAT procedures.
Specified lots are subject to Duty, as they are held in Bond.
Duty is calculated on the Purchase Price and will be payable to the bonded warehouse,
whom will satisfy HM Revenue and Customs.
12. REMOVAL OF LOTS
The site will be open for removals for paid in full parties from 4 Th March 2013.
Removal is by prior appointment only. Please contact Robert Playle on 07970092966
or by email on rplayle@hilcoeurope.com
ALL LOTS MUST BE REMOVED WITHOUT FAIL BY 4PM 15 th March 2013.
Any items not removed by this date will be deemed abandoned.
Any person(s) seen to be acting in a manner which may endanger themselves or others
will be asked to stop and leave the site immediately.
It is the Buyer’s responsibility to ensure that arrangements have been made for the
removal of all lots purchased.
Removal of lots to be undertaken by the purchaser
Only assets with lot tickets are offered for Sale