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Tender Sale By Murray & Co., Under Instructions from and at
E.I.D.Parry ( Kurumbur - 614 622, Pudukkottai
District. Tender No. D011B/09/T001 due on 11.2.2010 by 11
a.m. Conditions of Tender
1. The tender sale is
conducted under instructions from E I D Parry ( 2. All materials are offered
for sale on as is where is basis. Prospective purchasers should inspect the
materials before submitting their offers. By submitting their offers, the tenderers shall waive all objections with regard to the
quantity, quality, weight, measurement etc and the
lots are offered for sale on the assumption that the tenderers
have inspected the materials. The principal of Caveat Emptor will apply. No
sale shall be invalidated for reason of the purchaser not having inspected
the materials. 3. Inspection can be had on
10.2.2010 during factory working hours and on 11.2.2010 from 8.30 a.m. to
10.30 a.m. at E.I.D Parry ( 4. Offers
should be submitted exclusive of Excise Duty & Value Added Tax. Excise duty, if any and VAT as per TNVAT
Act as applicable at the time of delivery should be paid extra. 5. Offers
should be given separately for each individual lot. Where the materials are
sold on weight/number basis, offers should be made as rate per Kg. or number
as the case may be. For materials
offered for sale on lot basis, tender quotations should be given on lot basis
only. 6. The
purchaser shall quote his PAN (Permanent Account Number) & TIN (Tax
Identification Number) in the tender form. 7. The
COMPANY reserves the right to increase or decrease the quantity in the lots
and of withdrawing any or all the lot(s) from the sale. The COMPANY also reserves the right to
identify the items belonging to each lot and their decision will be final and
binding. 8. Subject
to reserve price if any fixed by the COMPANY, the highest tenderers
shall be the purchasers. 9. All
the offers are subject to acceptance by the COMPANY. Normally the
offers will be accepted within 2 days from the due date of tender. The COMPANY reserves the right to record
any or all the offers subject to subsequent confirmation. It is the
responsibility of the tenderer to ascertain from
the COMPANY or the AUCTIONEER if their offers have been accepted. Non-receipt of intimation of acceptance
cannot be given as reason for delay in payment of balance amount. The tenderers whose offers are accepted by the COMPANY shall
be the purchasers. 10. Offers,
once submitted, shall not be withdrawn. If any tenderer
chooses to withdraw his offer before finalisation,
the tender deposit will stand forfeited to the COMPANY. The COMPANY reserves
the right to reject any or all the tenders, without assigning any reasons therefor. 11. Offers
shall be made only in the manner specified in the tender form/ sale notice.
The COMPANY reserves the right to reject offers, which are not in the manner
as required. All offers shall be made exclusive of Excise duty &
VAT. Incomplete tenders, tender offers
with counter proposals and combined offers are liable to be rejected. 12. The
COMPANY also reserves the right to negotiate with the highest tenderer(s) for increased offer(s) for any or all lot(s)
and in the event of the highest tenderer(s) not
being able to or agreeable to match the price required by the COMPANY, the
COMPANY may negotiate with any of the other tenderers.
13. The
group deposits indicated are only for ease of
operation and to facilitate the tenderers to submit
offers. On acceptance of any lot(s), the tender deposit submitted with the
tender will be apportioned as EMD for the lots for which the offers are
accepted or recorded subject to confirmation, in the manner the COMPANY deems
fit. The COMPANY reserves the right to apportion the entire tender deposit,
as EMD for the lots and the purchaser shall be agreeable to the same. 14. All
receipts, invoices, gate passes etc., will be issued only in the name of the
purchaser as indicated in the tender form i.e the
highest tenderer. Request for name change will not
be considered under any circumstances and no amendment/ change of name will
be permitted after acceptance of the offers. 15. The
balance amount due by the successful tenderer
together with Excise duty & VAT should be remitted into the hands of the
AUCTIONEER within six working days from the date of confirmation of the
offer. For lots recorded subject to
subsequent confirmation, the balance amount together with duties and levies
shall be paid into the hands of the AUCTIONEER within six working days from
the date of confirmation. 16. Payments
can be made on all working days, between 10:00a.m and 3:00p.m on weekdays and
between 10:00a.m and 12:30p.m on Saturdays. All payments over Rs. 20000/-
shall be made only by way of Demand Drafts/ Pay Orders favouring
Murray & Co., payable at Chennai. 17. In
case the purchaser fails to remit the balance sale value as stipulated above,
the COMPANY may at its discretion, grant extension of time to the purchaser
to pay the balance amount together with duties, taxes and levies, subject to
the purchaser paying, interest at the rate of 0.25% per day of default,
subject to a minimum of Rs.50/- per day of delay, on the balance sale value. 18. After
payment of the balance amount together with duties, taxes and levies, as per
the clauses above, the lots should be removed by the purchaser at his cost
from the site within ten working days from the date of confirmation of the
offer. For lots taken subject to
confirmation, delivery is to be taken within ten working days from the date
of confirmation of the offers. 19. If
the purchaser fails to take delivery as above, the COMPANY may at their
discretion give extension of time for delivery, subject to the purchaser
paying ground rent at the rate of 0.25% on the sale value per day or part
thereof, subject to minimum of Rs.50/- per day of delay. 20. If
the purchaser fails to remit the balance amount within the time allowed, the
deposit remitted will be forfeited. In
case the purchaser, after payment of the entire value, fails to take delivery
of the materials within the stipulated time, the entire amount paid by the
purchaser will be forfeited and the materials remaining uncleared
will be treated as abandoned. The purchaser will have no claim whatsoever
over the materials or the amounts paid. 21. In
the event of forfeiture, the materials will be sold either by private
negotiation or otherwise, at the discretion of the COMPANY, at the risk and
expense of the defaulting purchaser. The defaulting purchaser shall not be
entitled to any profits on the re-sale but should make good any loss in the
same. 22. The
materials will lie at the risk of purchasers from the time of acceptance of
the offers. 23. Excise
duty & VAT as per TNVAT Act, as applicable at the time of delivery should
be paid extra along with the balance amount. 24. The
purchasers shall engage his/their own employees or labour
and transport for clearance of the materials from the COMPANY premises at
his/their cost subject to the COMPANY security, discipline and regulations. 25. The
purchasers should inform the COMPANY in writing of the details of employees/ labourers to be engaged by him/them for removal of the
materials. The purchaser will be responsible for their conduct and behaviour of the employee/labourers
engaged by him/them. If any tenderer or his authorized employee/labourer
indulges in any malpractice or any action whatsoever detrimental to the
interest of the COMPANY, action will be taken against such person involved as
per COMPANY regulations. The
purchasers should also ensure that no person below 18 years or no woman labourer is engaged by him/them in their behalf. 26. The
purchasers should undertake to reimburse the COMPANY for any damages or loss
caused to its employees or property while taking delivery of the materials
purchased or due to any cause in which the successful tenderer/
representatives/ labourers/ transport agents are
involved. 27. The
COMPANY will not and cannot be held responsible and liable for any injury or
death that may be caused either to the purchasers or his/their
representatives/labourers resulting from accidents
or any other cause while working within COMPANY premises. 28. The COMPANY cannot also be
held responsible for any damage caused to the materials resulting from any
accident or any other cause while clearing the scrap/machinery/equipment from
the COMPANY premises. 29. In case of any dispute the
decision of COMPANY will be final and binding on all the parties. 30. By submitting his tender,
the purchaser expressly indicates his agreement and acceptance to all the
Conditions stipulated herein above. LIST OF MATERIALS
MURRAY & CO., Govt. Auctioneers & Estate Agents 340 (Old No 164) Thambu Chetty
Street Chennai 600 001 Phone : 25345201 / 25345202 Fax No + 91-44-25359083 E-Mail : enquiry@murrays.in Web Site: www.murrays.in |
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