LETTER OF INTEREST To - Login - Metaljunction

the value of the items, detailed at paragraph 1 above, which the customer is interested to procure through Online Forward Auction, subject to the maximum of Rs.1,
00,000/- (Rupees one lakh only). The prevailing stockyard prices of the items as on date of the notice would be the basis for computing the value of the EMD.
3. The bids given by the customer in the Online Forward Auction process will be deemed to be inclusive of price and all extras/charges but exclusive of ED/ST/Octoroon
and cutting/bending charges as applicable. Each item of paragraph no.1 would be treated as a separate unit for the purpose of bidding / deciding the Online Forward
Auction.
4. EMD and the documents detailed at paragraph 2 above, complete in all respect should reach the B.M. or the service provider before 12.00 Hrs on 03.01.2013.
5. The Service Providers to Steel Authority of India Limited viz., metaljunction.com will provide a user ID and a Password to each individual customer, who submit EMD
and documents stated in paragraph 5 above, to enable them to participate in the dynamic auctioning process for the items of their choice, out of the indicated items at
paragraph 1 above to be conducted in the Website metaljunction from15.00HRS.onwards 03.01.2013. Before actual participation, the customers may obtain
necessary support from the Service Providers so as to enable them to participate in the Online Forward Auction process, without any difficulty.
6. Final Bids given by the customer in the Online Forward Auction process should be kept valid for 7 working days from the closing date of Online Forward Auction as
given above, for acceptance by the Branch Manager. Acceptance Offers/Sale Orders/Offer Letters issued by SAIL to successful bidders against this Notice will be valid
for a definite period as decided.
7. The Branch Manager reserves the right to accept or reject any or all the bids or to apportion the materials in any manner deemed fit by him and his decision shall be
final in the matter.
8. In cases where the bids given by the customers in the Online Forward Auction are not accepted, the EMD would be refunded in full. If the bids are accepted and
materials are offered through Offer Letters and the customers do not make payment in full as stipulated in the Offer Letter, the EMD would stand forfeited. In
situations where customers have obtained Delivery Orders after making full payment but have failed to lift the quantities in full or part within the time stipulated in DO,
the EMD shall be forfeited in full in case of non-lifting of any quantity and proportionate to the quantity not lifted in cases of partial lifting. The EMD will not be
adjusted towards the price of the materials while issuing the Delivery Order(s). Sale against this notice may be made on secured credit sale basis (to be indicated after
obtaining due approval from competent authority).
9. If for any reasons beyond the control of the company all the materials offered through the Online Forward Auction or part thereof cannot be delivered, the liability of
the company will be limited only to refund of the proportionate amount paid by the customer as applicable for the quantity not delivered.
10. Loading at the stockyard will be done into the customers' transport, other than in Railway wagons, free of cost by SAIL.
11. Before submission of their bids, the customers may take prior appointment to inspect the materials covered under this notice. No complaints regarding quality or
otherwise will be entertained after delivery of materials.
12. The delivery order that may be issued at the discretion of the Company may be of a limited validity period, which may not be extended.
13. It may be noted that the offers issued to successful bidders against this notice will be valid for 4 days only.
14. In respect of sale through Online Forward Auction process, actual consumers or traders would have to submit the appropriate ST Declaration Forms depending upon
the use to which the materials would be put by them. The applicability of Sales Tax and the concessions available for actual users or traders would be as per the
applicable rules prevalent in the states. In case a consumer cannot submit a form for confessional tax, he will have to pay full tax.
BRANCH MANAGER (FP )