EGBERT ANDREWS AUCTION MART

(Premier Govt Auctioneers &Valuers)

161, Dharamtalla Street, Kolkata-13, Ph: (033)40000790-791, Fax: (033)40000778

E-mail :eaam@eaamindia.com, Web:www.eaamindia.com

WILL SELL BY ONLINE E-AUCTION

Under Instructions From

 The Commander Works Engineer, HQ 136 Works Engrs

E-Auction Location :www.eaamindia.com  E-Auction No.EAAM/11-2020/880

E-Auction Date &Time : On Monday the 2nd November 2020 at 11 AM

Lot Lying at 585 Engr Sub Park

IMPORTANT : The materials list &SPECIAL CONDITIONS OF SALE displayed under CATALOGUE on EGBERT ANDREWS AUCTION MART’s E-auction Web Site are tentative and subject to change at the sole discretion of Auctioneer / Principal before the start of E-auction. Bidders should therefore, download the material list and Special Conditions of sale displayed, for their record purpose, if required, and bid accordingly.

The Pre Bid Rs.50,000/- (Rupees Fifty Thousand Only) by RTGS/NEFT only should be deposited by intending registered bidders with Egbert Andrews Auction Mart, 161 Dharamtalla Street, Kolkata-13 on or before31stOctober 2020 after which pre bid amount will not be accepted. The Pre bid amount in respect of unsuccessful bidders will be returned after completion of the online e-auction.

1.      EARNEST MONEY: 20% of the sale value of the accepted bid/bids kept open for acceptance should be paid by the successful purchaser as earnest money to the auctioneer within 7 (Seven) days from the date of confirmation by auctioneer on completion of online e-auction. On failure to deposit the 20% earnest money within scheduled time, registration cancellation/debarring for at least 3 months & forfeiture action will be taken against the backout bidder by auctioneer.

2.    FOR BALANCE MONEY of the sale value the purchaser should deposit in RBI/SBI through MRO (to be collected from auctioneer’s office by the purchaser) within 17 (Seventeen) days of completion of online auction. It is responsibility of the successful purchaser to collect the MRO from auctioneer’s office. If the buyer fails to make the payment of balance sale value within the stipulated period, late deposit penalty @ 10% of 1% of the sale value per day of default will levied and collected by the stockholder direct from the purchaser before effecting delivery of sold lots. 

3.    GST as per Government GST rules is to be deposited by concerned buyers under Reverse Mechanism System  on the total sale value of sold lot/lots before taking delivery of sold lot/lots from the stock holder.

4.    SALE RELEASE ORDER will be issued after full payment is received by the Government. Received Challan (MRO) for the Balance Money deposited within due date should be produced without which Sale Release Order will not be released by the stockholder.

5.    DELIVERY of Stores/Scrap Lots should be taken by the purchaser ex-site and within 27 (Twenty Seven) working days from the date of intimation of acceptance of lots by the auctioneer. Any delay in removal of stores will attract ground rent @ 2% of total sale value per day of default.

6.    RE-SALE, in no case, will be recognized.

7.    BIDDERS must satisfy themselves from all the points before bidding and should know what they are buying. The Government or Auctioneer shall not undertake any guarantee of the stores once the bid is accepted. Stores are sold on “AS IS WHERE IS” basis and as per conditions of sale.

8.    PURCHASERS and their men are required to adhere to the Depot/Sale Area’s Security Rules.

9.    AUCTIONEERS/Stockholder reserves the right to accept or reject any bid/bids without assigning any reason.

10.   Other conditions, amendments, additions or alterations if any will be announced before starting of e-auction on scheduled date in the site No.www.eaamindia.com.

11.   Only the Courts at KOLKATA, INDIA shall have the exclusive jurisdiction to entertain any dispute connected with the arbitration proceedings or any other matter or claim arising out of or in connection with the auction.

 

Bidders should inspect the lot/lots in advance at sites and bid in above site.

 

 

2

 

Bank details for RTGS/NEFT

Name of the Bank

KOTAK MAHINDRA BANK

Branch

Park Street Branch

RTGS/NEFT/IFSC CODE

KKBK0000322

Account Type

Current Account

Account No.

2611732400

Name of the Company

EGBERT ANDREWS AUCTION MART

 

 

Lot Lying at 585 Engr Sub Park

Lot No.1

Ser No

Description of Store

A/U

Qty

1

Scrap Aluminium

Kgs

279.590

2

Scrap Iron

Kgs

7994.057

3

Scrap Wood

Kgs

1044.200

4

Plastic

Kgs

27.800

5

Scrap PVC

Kgs

90.000

6

Tin Scrap

Kgs

496.000

7

Copper Scrap

Kgs

3.320