Notice & Catalog SAIL-BSP-M&BP-IADC-FA-10160061 to be held ...

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Steel Authority of India Limited MARKETING & BUSINESS PLANNING DEPTTBHILAI STEEL PLANT24. While submitting Demand Draft / Bankers’ cheque etc., bidders may in their own interestrecord name, party code (if any) on the backside of the instrument as a safeguard to preventchances of wrong accounting.25. Full payment along with security deposit including taxes and duties can also be made by thebuyer On-Line using the Internet Bank Transfer facility which is a special service that allowsthe buyer to transfer funds electronically to accounts in other banks in India through:ooNEFT - The acronym “NEFT” stands for National Electronic Funds Transfer. Fundsare transferred to the credit account with the other participating Bank using RBI's NEFTservice. RBI acts as the service provider and transfers the credit to the other bank'saccount.RTGS –The acronym “RTGS” stands for Real Time Gross Settlement. The RTGSsystem facilitates transfer of funds from accounts in one bank to another on a “real time”and on “gross settlement” basis. The RTGS system is the fastest possible inter bankmoney transfer facility available through secure banking channels in India.1.0 Under normal circumstances the beneficiary bank’s branch receives the fundsin real time as soon as the funds are transferred by the remitting bank.2.0 Mandatory information required for making RTGS & NEFT payment. TheRemitter has to provide the following details:ooooooAmount to be remittedAccount number which is to be debitedName of the beneficiary bankName of the beneficiaryAccount number of the beneficiaryRemarks or description, if any3.0 The relevant details pertaining to SAIL, BHILAI STEEL PLANT, BHILAIfor making On-Line payment using the Internet Bank Transfer facility are as follows:a. Name of the beneficiary bank: SBI, Commercial Branch, Industrial estate,Bhilai.b. IFSC code of the bank where the beneficiary account exists: SBIN0008532.c. Name of the beneficiary: SAIL, Bhilai Steel Plant, BHILAI, CG, 490001.d. Account number of the beneficiary: 1 0 1 8 4 6 2 7 4 0 3.** A bank/ credit advice of the RTGS/ Money Transfer amount in original has to besubmitted for issue of delivery order(s).**26. Direct remittance in BSP account maintained with SBI through on line process and receiptissued by the crediting branch will also be accepted. However, Delivery Order will be issuedonly after confirmation is obtained in BSP Cash Section regarding the online payment.27. Successful bidder will have to lift the entire material from the lot site on “As is Where is”& “No Complaint” basis within twenty one (21) working days from the date of SALEOFFER failing which ground rent shall be levied @ 1% per 6 (SIX) working days or partthereof for the proportionate value of un-lifted material for a maximum period of 6 (SIX)
Steel Authority of India Limited MARKETING & BUSINESS PLANNING DEPTTBHILAI STEEL PLANTworking days. In case the buyer fails to lift the material even with the ground rent as above,the EMD & Security Deposit, if any, shall be forfeited & the lots will be re-offered forauction.28. Successful bidders will have to make their own arrangement for collection / removal andtransportation of the materials purchased by them from the lot site. In order to ensure safetransportation of materials having longer lengths, gas cutting of the same shall be allowed onrequest from the buyers. Loading/ Gas Cutting expenses so incurred within BSP premisesby the successful bidders will be added to the assessable value of the material for chargingtaxes & duties as applicable, i.e., on material value + loading / gas cutting charges and thesame shall be taxable and has to be borne by the successful bidder. The successful bidder hasto indicate the loading charges / gas cutting charges (Rs. per unit) in writing while depositingthe payment.29. If, for any reasons beyond the control of the company, all the materials offered through theonline Auction process or part thereof cannot be delivered, the liability of the company willbe limited only to the extent of refund of the proportionate amount paid by the customer asapplicable for the quantity not delivered.30. Potential Bidders shall be allowed to inspect the materials / lots at various locations asindicated in the Auction Schedule (Annex-A) during working hours excluding Sundays &holidays with prior appointment. They may contact AGM (Disposal Stores) at telephone no.0788-2854904.31. Central Sales Tax is not applicable in case of Auction Sales, and local taxes shall be chargedin all cases of Auction Sales(i.e prevailing VAT rate of 5%). Location of the consignee is notthe determining factor for treating the sales as a CST sale or VAT sale.32. In case auction of all the lots could not be completed on specified date, auction for remaininglots will be continued on next working day.33. Bidder should indicate their bank account number, name of the bank, branch, bank citybranch code and PAN no. in Annexure-B, Letter of Interest. In case of any refund from BSP,by cheque, to prevent any fraudulent encashment of the cheque, bidder’s bank accountnumber will be indicated in the cheque.34. It shall be the responsibility of the persons submitting the tender to ensure that the tendershave been submitted in the formats and as per the terms and conditions prescribed in SAILwebsite and no change is made therein before submission of their tender. In the event of anydoubt regarding the terms and conditions / formats, the person concerned may seekclarifications from the authorized officer of SAIL. In case any tampering/ unauthorizedalteration is noticed in the tender submitted, from the tender document available on SAILwebsite, the said tender shall be summarily rejected and the company shall have no liabilitywhatsoever on the matter. However, deviation, if any proposed by the tenderer may beseparately indicated for acceptance or otherwise by SAIL. Such proposed deviation will notbe treated as tampering for the purpose of application of this clause. Once the bid issubmitted against any lot during auction, it is understood that the bidder had inspected thematerials and quoted his best price and no request for cancellation etc will be entertainedthereafter.
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