STEEL AUTHORITY OF INDIA LIMITED - Metaljunction

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14.5 The price bided should be on per MT basis, exclusive of Excise Duty, Sales Tax &Surcharge, TCS with Surcharge, Cess & other taxes, duties & levies etc. payableextra before issuance of Delivery Order. The Bidders should submit their bid(s) afterassessing & getting themselves thoroughly satisfied about the availability of thematerials as per OFA Document and it will be assumed that the Bid(s) have beensubmitted by the bidder after thorough inspection and getting themselves fullyacquainted and satisfied with the scope of the work, quantity (i.e. Nos. / MT etc.)and other related aspects of the work etc. Shortfall in quantity, if any, of the items ofthe Lot(s) as mentioned in Appendix-A, cannot be made up and no claim for thesame would be entertained afterwards. Excess quantity, if available may be deliveredas per related clause / condition of the OFA document. Amount for shortfallquantity, if any, will be refunded after completion of the lifting of all availablequantity, in due course as mentioned in clause 15.4 (d) above. Once the materialsare sold, no complain of any kind will be entertained in this regard by SAIL-ISP.Price(s) should be valid for a period of working 30 (thirty) days from the dateof Online Forward Auction for acceptance by SAIL-ISP. The price(s) once acceptedshall remain firm till completion of lifting by the SB (SB) within the validity periodof the contract.14.6The materials shall be sold to the first highest (H-1 bidder). In case H-1 backs outfrom accepting the order, his EMD will be forfeited. The sale order may be placed onH-2 at H-1 rate. In case the H-2 does not accept the offer, his EMD will be returnedand the order may be placed on H-3, at H-1 rate. In case, H-3 also does not accept theoffer at H-1 price the EMD submitted by him will be returned.15. EARNEST MONEY DEPOSIT: Bidders have to deposit Earnest Money (asMentioned in Annexure – II ), by Demand Draft / Pay Order/ Banker’s Chequedrawn in favour of “SAIL-IISCO Steel Plant” on a scheduled bank (Co-operativeBanks are not acceptable) and payable at BURNPUR /ASANSOL towards noninterestbearing Earnest Money Deposit (EMD). If EMD is not deposited accordingto the above specifications the application will be summarily rejected. The particularsof Earnest Money to be remitted by DD/ BC/PO may be noted from the OFAdocument (Annexure -B) in the space provided. EMDs of the bidders. ExceptingEMDs of H-1, H-2, H-3 bidders will be returned / refunded as it is after thecompletion of e-auction. The Service Provider will retain the respective EMDs of H-1, H-2 and H-3 Bidders till the acceptance of the H-1 bid and deposition of SecurityDeposit by them. In case the H-2 or H-3 does not accept the offer, the EMDs of H-2and H-3 bidders will be returned accordingly & simultaneously. However, theDD/BC/PO of the EMD of SB will be adjusted against Security Deposit, which shallnot carry any interest. In the event of failure on the part of the SB to make paymentfor security deposit within the dates specified in the Letter of Acceptance / letter ofIntent, The Management may at its discretion foreclose the OFA / contract and forfeitthe earnest money so deposited as the case may be without issuing any prior notice tothe SB. In case of any non-conformity / non-compliance by the SB of the clauses inthe OFA document or any other fault, management reserves the right to cancel thesale and forfeit the earnest money without issuing any prior notice to the SB.10
Minimum validity of DD/BC/PO shall be approximately six months from therespective date of submission. EMD by cheque will not be accepted.However, Small Scale Units/ Ancillary Units and Public Sector Units/ GovernmentUndertakings and Co-operative Societies may be exempted from submission ofEMD. The exemption for submission of EMD shall also be granted to those partieswho have registration with SSI / NSIC granting exemption for executing such workin totality as specified in OFA document. (Documents in this regard to be submittedto Metaljunction as per Clause no.4 of Annexure-A and clause –14 of Annexure –I).In case the bidder refuses to accept the LOA / LOI or doesn’t make the payment asmentioned above within the stipulated time, the EMD will be liable for forfeiture andhis acceptance of the OFA shall be considered as withdrawn16.SECURITY DEPOSIT: The SB shall have to furnish non-interest bearing SecurityDeposit representing 5% of the full value of the materials at the bided price and thedeposit shall be retained by SAIL-ISP till completion of the order, on the basis of theprices bided / accepted within 7 days from the date of receipt of LOA / LOI by PayOrder / Demand Draft / Banker’s Cheque drawn in favour of ‘SAIL-IISCO SteelPlant’ on a scheduled bank (Co-operative Banks are not acceptable) and payable atBURNPUR / ASANSOL. Minimum validity of DD/BC/PO shall be ofapproximately six months from the date of submission, for which the payment ismade. The lot wise EMD amounts shall be adjusted against the respective securitydeposit/s.. If the due Security Deposit amount is more than the EMD deposited, thebalance amount has to be submitted within 7 days from the date of receipt of LOA /LOI by Pay Order / Demand Draft / Banker’s Cheque Co-operative Banks are notacceptable) drawn in favor of “SAIL-IISCO Steel Plant” on a scheduled bank(CooperativeBanks are not acceptable) and payable at BURNPUR/ASANSOL. Nointerest shall accrue on the Security Deposit or the EMD submitted. The SecurityDeposit money shall be refunded on satisfactory completion of the contract, afterrecovery of dues if any on either side and on SBs confirmation of “No Demand” withrespect to materials and amounts from SAIL-ISP against the relevant contract.In case the bidder doesn’t make the payment as mentioned above within thestipulated time, the EMD will be liable for forfeiture and his acceptance of the OFAshall be considered as withdrawn.SAIL-ISP Management will be entitled to recover from the Security Deposit allmoney due to SAIL-ISP concerning the sale and other statutory liabilities of theOFA. Delivery Order shall be issued to the SB only after submission of the SecurityDeposit and the full value of material(s) with due taxes, duties, other levis etc. as perterms of payment.17. SALES TAX(a) Sales Tax with surcharge and any other duties, taxes, levies etc. are payable extraas applicable over and above the Sale Value at the quoted price as ruling on the timeof delivery. Bills will be raised by Burnpur finance Department of SAIL-ISP, WestBengal. Depending on his location / address the SB who has to move the goods11
Page 1 and 2: ANNEXURE-ASTEEL AUTHORITY OF INDIA
Page 3 and 4: 13. The sale of materials shall be
Page 5 and 6: 5. Price Break-Up Schedule (Appendi
Page 7 and 8: 6.14 The SB shall also strictly fol
Page 9: 13.2 Self attested and stamped decl
Page 13 and 14: picking & choosing will be allowed
Page 15 and 16: shall stand cancelled and the secur
Page 17 and 18: for forfeiture at sole discretion o
Page 19 and 20: II (excluding Excise Duty with Cess
Page 21 and 22: ) VAT @ 4% or CST @ 4% / CST or CST
Page 23 and 24: (6) I/We request Service Provider t
Page 25 and 26: II. Defining of the bidding rules f
Page 27 and 28: I. The number of confirmed bidders
Page 29 and 30: Page (1 of 2)ANNEXURE- DDEFINITION
Page 31 and 32: 31Annexure- IIIPROCEDURE FOR DESPAT
Page 33 and 34: Adjustment will be allowed for once

STEEL AUTHORITY OF INDIA LIMITED - Metaljunction

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