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IDCOL KALINGA IRON WORKS LIMITED(A WHOLLY OWNED SUBSIDIARY OF IDCOL)GOVT. OF ORISSA UNDERTAKINGK-62 GROUND FLOOR, LAJPAT NAGAR-II, NEW DELHI 110024TEL-011–29841740,29833921,FAX:011–29832847, Mobile : 9810264521.( 2 )TERMS & CONDITIONS FOR SALE OF RAKE LOADS OF LM-II PIG IRON.These terms and conditions are applicable uniformally to all the cases forsale of LM-II pig iron in rake loads.2. These terms & conditions can not be changed without obtaining priorapproval of Managing Director / CMD, Industrial Development Corporation ofOrissa Limited (IDCOL), Bhubaneswar.3. The pig iron, in one rake load of closed railway wagons, will approximatelybe 2500 MTs. However, the sale price payable by the purchasers shall becalculated on the basis of the exact weight of pig iron loaded in the rake asmentioned in the Consignment Advice and the Railway Receipt (RR) issued by theIndian Railway Authority.4. The pig iron shall be loaded and dispatched in the rakes from the railwaysiding of the factory of M/s. IDCOL Kalinga Iron Works Limited(IKIWL) situated inBarbil, district – Keonjhar, Orissa.5. Sealed bids shall be invited by open advertisements issued from time totime. The advertisement will also be available on the web-site of M/s. IDCOL atwww.idcorissa.com. Bids received otherwise than in response to suchadvertisements shall not be entertained. The bidders must mention the destination,where the rake will be unloaded by them. It should be within the region mentionedin the open advertisements.
( 3 )6. Bidders shall quote their prices per Metric Ton (MT) Ex-Factory, Barbil. Itshall be applicable to whole rake load. All the other charges like, excise duty, salestax, freight and other levies & duties payable under the Law, if any, shall be extra.The excise duty, sales tax and other levies & duties shall be payable at the ratevalid and applicable on the date of billing. This date shall be treated as the date oftransaction of sale in question.7. If the excise duty, sales tax and other levies & duties payable under the Laware increased with retrospective effect, the additional burden shall be borneentirely by the purchaser / successful bidder.8. This transaction shall be treated as inter-state sale. Therefore, the CentralSales Tax (CST) shall be charged from the purchasers at the rate applicable onthe date of transaction. The rate of CST on Pig Iron currently is 4%. However, ‘C’Forms shall be accepted from the successful bidders (or purchasers) having validSales Tax or VAT registration and having the TIN numbers. In that case theconcessional CST, applicable as on the date of transaction, shall be payable bythe purchasers. This concessional rate of CST currently is 2%.9. The prices quoted in the bid other than in the manner prescribed aboveshall not be valid and the bid shall be rejected. No replacement bid shall beacceptable.10. The bidders must mention in their bids the purchase price per MT in figuresas well as in words without erasing, cuttings and over-writings. The prices quotedshould be legible and have no ambiguity. Otherwise the bid shall be rejected. Incase of variation between the prices quoted in words and figures, those quoted inwords shall be final.
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IDCOL KALINGA IRON WORKS LIMITED (IKIWL) - Imimg

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