SAIL REFRACTORY COMPANY LIMITED - Login - Metaljunction

Ref no: SRCL/MJ03/2012‐13 12.02.13.
Small scale Industries are exempted from deposition of earnest money as
per government policy. For getting exemption from submission of EMD, the
SSI unit is required to submit a notarized copy of the registration certificate
indicating clearly the item for which they are registered issued by NSIC or
respective department of state government (Entrepreneur Memorandum
Part‐2) and the validity of the same. On completion of the auction, MJ will
refund the EMDs of the unsuccessful bidders. The EMDs of the successful
bidders will be remitted by MJ to SRCL.
5. Last date for the submission of EMD will be 20 th Feb 2013.
6. The price quoted in the auction will be “Rs Per Metric tonne” ex‐SRCL ‐
Salem, excluding freight and taxes, but including Rs 32/MT towards
loading and weighment charges.
7. Final bids given by the successful bidders in the online auction process
shall be kept valid for a period of 15 days from the date of online
forward auction for acceptance by the SRCL management.
8. SRCL reserves the right (with approval of competent authority, as per
delegation of power) to accept or reject any or all the bids or to
apportion the materials in any manner deemed fit and this decision shall
be final.
9. In cases where the bids given by the customers in the OFA are not
acceptable to SRCL Management and in respect of other than H1 parties,
the EMD of the Un‐successful bidder(s) shall be refunded by M/s.
Mjunction Services Ltd.
10. The successful bidders will deposit advance equal to 100 MT calculated
at the price obtained in auction plus 5% VAT (or 2% CST, as the case may
be). Dispatches will be made against the advance paid, and when the
advance amount falls to a value equivalent to around 20 MT, fresh
advance for another 100 MT will be deposited. SRCL will ensure that at
no point in time will the sales value exceed the amount of advance in
balance.
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