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Welcome to Rangi Lalls Online Auctions

GENERAL TERMS & CONDITIONS OF ONLINE AUCTION

 

1. WELCOME TO RANGI LALLS !

This unique service of auction on the net is offered to you, subject to the following General Terms & Conditions of Service ("GTC"), which may be updated by us from time to time without notice to you. You can review the most current version of the GTC at any time at: WWW.ONLINERANGI LALLS.COM In addition, when using particular RANGI LALLS services, you and RANGI LALLS shall be subject to any posted Guidelines or Rules applicable to such services which may be posted from time to time. All such Guidelines or Rules are hereby incorporated by reference into the GTC. RANGI LALLS also may offer other services from time to time, such as that are governed by different General Terms & Conditions of Services.

2. DESCRIPTION OF SERVICE

You are responsible for obtaining access to the Service and that access may involve third party fees (such as Internet service provider or airtime charges). You are responsible for those fees. In addition, you must provide and are responsible for all equipment necessary to access the Service.

You are responsible for obtaining access to the Service and that access may involve third party fees (such as Internet service provider or airtime charges). You are responsible for those fees. In addition, you must provide and are responsible for all equipment necessary to access the Service.

You must be at least 18 years of age to access and view.

3. YOUR REGISTRATION OBLIGATIONS

In consideration of your use of the Service, you agree to: (a) provide true, accurate, current and complete information about yourself as prompted by the Service's registration form (such information being the "Registration Data") and (b) maintain and promptly update the Registration Data to keep it true, accurate, current and complete. If you provide any information that is untrue, inaccurate, not current or incomplete, or RANGI LALLS has apparent / reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, RANGI LALLS has the right to suspend or terminate your account and refuse any and all current or future use of the Service (or any portion thereof). RANGI LALLS is concerned about the safety and privacy of all its users.

4. RANGI LALLS PRIVACY POLICY

Registration Data and certain other information about you is subject to our Privacy Policy. For more information, see our full privacy policy at RANGI LALLS Privacy Policy.

5. MEMBER ACCOUNT, PASSWORD AND SECURITY

You will receive a password and account designation upon completing the Service's registration process. You are responsible for maintaining the confidentiality of the password and account, and are fully responsible for all activities that occur under your password or account. You agree to (a) immediately notify RANGI LALLS of any unauthorized use of your password or account or any other breach of security, and (b) ensure that you exit from your account at the end of each session. RANGI LALLS cannot and will not be liable for any loss or damage arising from your failure to comply with this Clause.

6. MEMBER CONDUCT

You understand that all information including data, text, software, photographs, graphics, messages or other materials ("Content"), whether publicly posted or privately transmitted, are the sole responsibility of the person from which such Content originated.

You agree to not use the Service to :

 

 

a.

upload, post, email, transmit or otherwise make available any Content that is unlawful, harmful, threatening, abusive, harassing, tortious, defamatory, vulgar, obscene, libelous, invasive of another's privacy, hateful, or racially, ethnically or otherwise objectionable;

b.

harm minors in any way;

c.

impersonate any person or entity, including, but not limited to, a RANGI LALLS official, forum leader, guide or host, or falsely state or otherwise misrepresent your affiliation with a person or entity;

d.

forge headers or otherwise manipulate identifiers in order to disguise the origin of any Content transmitted through the Service;

e.

upload, post, email, transmit or otherwise make available any Content that you do not have a right to make available under any law or under contractual or fiduciary relationships (such as inside information, proprietary and confidential information learned or disclosed as part of employment relationships or under nondisclosure agreements);

f.

upload, post, email, transmit or otherwise make available any Content that infringes any patent, trademark, trade secret, copyright or other proprietary rights ("Rights") of any party;

g.

upload, post, email, transmit or otherwise make available any unsolicited or unauthorized advertising, promotional materials, "junk mail," "spam," "chain letters," "pyramid schemes," or any other form of solicitation, except in auction related areas that are designated for such purpose;

h.

upload, post, email, transmit or otherwise make available any material that contains software viruses or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications equipment;

i.

disrupt the normal flow of dialogue, or otherwise act in a manner that negatively affects other users' ability to engage in real time exchanges;

j.

interfere with or disrupt the Service or servers or networks connected to the Service, or disobey any requirements, procedures, policies or regulations of networks connected to the Service;

k.

intentionally or unintentionally violate any applicable local, state, national or international law,

l.

"stalk" or otherwise harass another; or

m.

collect or store personal data about other users.

You acknowledge that RANGI LALLS does not pre-screen Content, but that RANGI LALLS and its designees shall have the right (but not the obligation) in their sole discretion to refuse or move any Content that is available via the Service. Without limiting the foregoing, RANGI LALLS and its designees shall have the right to remove any Content that violates the GTC or is otherwise objectionable. You agree that you must evaluate, and bear all risks associated with, the use of any Content, and in all other parts of the Service.

You acknowledge and agree that RANGI LALLS may preserve Content and may also disclose Content if required to do so by law or in the good faith belief that such preservation or disclosure is reasonably necessary to: (a) comply with legal process; (b) enforce the GTC; (c) respond to claims that any Content violates the rights of third-parties; or (d) protect the rights, property, or personal safety of RANGI LALLS, its users and the public.

You understand that the technical processing and transmission of the Service, including your Content, may involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices.

7. CONDITION OF GOODS

 

7.1

The goods are sold as and where they lie, on as is where is basis, the whole of the lot/lots shall be taken from the site of accumulation with all faults and errors in description. Otherwise the quantities, qualities, size or sizes, measurement, numbers and weights as stated in the auction floor and or in any delivery documents are only approximate and no guarantee or guarantees shall be implied. The goods are sold on the specific assumption that whether the bidders have inspected the lots or not the principle of Caveat-emptor will apply. No complaint will be entertained after sale.

7.2

Quantities made in the lot are approximate and RANGI LALLS holds out no warranty as regards the quantity and fitness of the goods for any particular purpose. The value paid in auction is for the approximate quantity. Proportionate value for the quantity falling short in a lot at the time of delivery will be refunded to the buyer. Any quantity found excess in a lot over the approximate quantity mentioned in the auction floor will have to be taken by the buyer after depositing the proportionate amount along with the final installment. In the event the materials are found in excess of the materials, specified in the sale order, the buyer will be allowed to deposit the balance amount within a reasonable time as may be determined by the seller in his sole and absolute discretion from the date of the incident of the removal as mentioned in the sale order, failing which, the buyer shall deposit such balance value with ground rent at the same rate mentioned elsewhere in the Terms & Conditions of the e-auction.

8. SPECIAL ADMONITIONS FOR INTERNATIONAL USE

Recognizing the global nature of the Internet, you agree to comply with all local Rules regarding online conduct and acceptable Content. Specifically, you agree to comply with all applicable laws regarding the transmission of technical data exported from INDIA or the country in which you reside.

9. CONTENT SUBMITTED OR MADE AVAILABLE FOR INCLUSION ON THE SERVICE

RANGI LALLS does not claim ownership of Content you submit or make available for inclusion on the Service. However, with respect to Content you submit or make available for inclusion on publicly accessible areas of the Service, you grant RANGI LALLS the following world-wide, royalty free and non-exclusive license(s), as applicable:

  • With respect to Content you submit or make available for inclusion on publicly accessible areas of RANGI LALLS, the license to use, distribute, reproduce, modify, adapt, publicly perform and publicly display such Content on the Service solely for the purposes of providing and promoting the specific purpose to which such Content was submitted or made available. This license exists only for as long as you elect to continue to include such Content on the Service and will terminate at the time you remove or RANGI LALLS removes such Content from the Service.

  • With respect to photos, graphics, audio or video you submit or make available for inclusion on publicly accessible area of the Service, the license to use, distribute, reproduce, modify, adapt, publicly perform and publicly display such Content on the Service solely for the purpose for which such Content was submitted or made available. This license exists only for as long as you elect to continue to include such Content on the Service and will terminate at the time you remove or RANGI LALLS removes such Content from the Service.

  • With respect to Content other than photos, graphics, audio or video you submit or make available for inclusion on publicly accessible areas of the Service other than RANGI LALLS, the perpetual, irrevocable and fully sublicensable license to use, distribute, reproduce, modify, adapt, publish, translate, publicly perform and publicly display such Content (in whole or in part) and to incorporate such Content into other works in any format or medium now known or later developed.

"Publicly accessible" areas of the Service are those areas of the RANGI LALLS network of properties that are intended by RANGI LALLS to be available to the general public.

10. INDEMNITY

You agree to indemnify and hold RANGI LALLS, and its subsidiaries, affiliates, officers, agents, co-branders or other partners, and employees, harmless from any claim or demand, including reasonable lawyers' fees, made by any third party due to or arising out of Content you submit, post, transmit or make available through the Service, your use of the Service, your connection to the Service, your violation of the GTC, or your violation of any rights of another.

11. NO RESALE OF SERVICE

You agree not to reproduce, duplicate, copy, sell, resell or exploit for any commercial purposes, any portion of the Service, use of the Service, or access to the Service.

12. GENERAL PRACTICES REGARDING USE AND STORAGE

You acknowledge that RANGI LALLS may establish general practices and limits concerning use of the Service. You further acknowledge that RANGI LALLS reserves the right to change these general practices and limits at any time, in its sole discretion, with or without notice.

13. MODIFICATIONS TO SERVICE

RANGI LALLS reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Service (or any part thereof) with 15 days notice. You agree that RANGI LALLS shall not be liable to you or to any third party for any modification, suspension or discontinuance of the Service provided such notice has been given to you.

14. TERMINATION

You agree that RANGI LALLS, in its sole discretion, may terminate your password, account (or any part thereof) or use of the Service, and remove and discard any Content within the Service, for any reason, including, without limitation, for lack of use or if RANGI LALLS believes that you have violated or acted inconsistently with the letter or spirit of the GTC. RANGI LALLS may also in its sole discretion and at any time discontinue providing the Service, or any part thereof, with prior notice of 15 days. You agree that any termination of your access to the Service under any provision of this GTC may be effected without prior notice, and acknowledge and agree that RANGI LALLS may immediately deactivate or delete your account and all related information and files in your account and/or bar any further access to such files or the Service. Further, you agree that RANGI LALLS shall not be liable to you or any third-party for any termination of your access to the Service.

15. LINKS

The Service may provide, or third parties may provide, links to other World Wide Web sites or resources. Because RANGI LALLS has no control over such sites and resources, you acknowledge and agree that RANGI LALLS is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any Content, advertising, products, or other materials on or available from such sites or resources. You further acknowledge and agree that RANGI LALLS shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such Content, goods or services available on or through any such site or resource.

16. RANGI LALLS'S PROPRIETARY RIGHTS

You acknowledge and agree that the Service and any necessary software used in connection with the Service ("Software") contain proprietary and confidential information that is protected by applicable intellectual property and other laws. You further acknowledge and agree that Content contained in sponsor advertisements or information presented to you through the Service or advertisers is protected or will be protected by copyrights, trademarks, service marks, patents or other proprietary rights and laws. Except as expressly authorized by RANGI LALLS or advertisers, you agree not to modify, rent, lease, loan, sell, distribute or create derivative works based on the Service or the Software, in whole or in part.

You agree not to access the Service by any means other than through the interface that is provided by RANGI LALLS for use in accessing the Service.

17. DISCLAIMER OF WARRANTIES

YOU EXPRESSLY UNDERSTAND AND AGREE THAT :

 

a.

YOUR USE OF THE SERVICE IS AT YOUR SOLE RISK. THE SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. RANGI LALLS EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.

b.

RANGI LALLS MAKES NO WARRANTY THAT (i) THE SERVICE WILL MEET YOUR REQUIREMENTS, (ii) THE SERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (iii) THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE SERVICE WILL BE ACCURATE OR RELIABLE, (iv) THE QUALITY OF ANY PRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU THROUGH THE SERVICE WILL MEET YOUR EXPECTATIONS,

c.

NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM RANGI LALLS OR THROUGH OR FROM THE SERVICE SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED IN THE GTC.

d.

TIME DEFINITION CLARITY & RESPONSIBILITY (i) TIME FOR ALL PURPOSES IN THE CONDUCT OF THE AUCTION SHALL DENOTE THE TIME AS REGISTERED IN THE RANGI LALLS EAUCTION SYSTEM. THE TIME AS DISPLAYED BY THE SYSTEM SHALL FOR ALL PURPOSES BE FINAL AND BINDING. (ii) ALL COMMUNICATION SHALL BE DEEMED TO HAVE BEEN COMPLETE AS AGAINST THE BUYER/SELLER AS SOON AS THEY ENTER THE RESPECTIVE PARTY'S SYSTEM RESOURCES. FOR THE PURPOSE, THE RESPONSIBILITY OF MAINTAINING THE SYSTEM'S RESOURCES AT THE PARTY'S END SHALL BE THAT OF THE PARTY CONCERNED.

18. LIMITATION OF LIABILITY

YOU EXPRESSLY UNDERSTAND AND AGREE THAT RANGI LALLS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES (EVEN IF RANGI LALLS HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM: (i) THE USE OR THE INABILITY TO USE THE SERVICE; (ii) THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO THROUGH OR FROM THE SERVICE; (iii) UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; (iv) STATEMENTS OR CONDUCT OF ANY THIRD PARTY ON THE SERVICE; OR (v) ANY OTHER MATTER RELATING TO THE SERVICE.

19. EXCLUSIONS AND LIMITATIONS

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES.

20. SPECIAL ADMONITION FOR SERVICES RELATING TO FINANCIAL MATTERS

If you intend to create or join any service, receive or request any news, messages, alerts or other information from the Service concerning companies, please read the above Clauses 17 and 18 again. They go doubly for you. In addition, for this type of information particularly, the phrase "Let the investor beware" is apt. The Service is provided for informational purposes only, and no Content included in the Service is intended for trading or investing purposes. RANGI LALLS and its licensors shall not be responsible or liable for the accuracy, usefulness or availability of any information transmitted or made available via the Service, and shall not be responsible or liable for any trading or investment decisions made based on such information.

21. NOTICE

Notices to you may be made via either email and/or regular mail. The Service may also provide notices of changes to the GTC or other matters by displaying notices or links to notices to you generally on the Service.

22. GENERAL INFORMATION

The GTC constitute the entire agreement between you and RANGI LALLS and govern your use of the Service, superceding any prior agreements between you and RANGI LALLS. You also may be subject to Special Terms and conditions that may apply when you use affiliate services, third-party content. The GTC and the relationship between you and RANGI LALLS shall be governed by INDIAN laws without regard to its conflict of law provisions. You and RANGI LALLS agree to submit to the personal and exclusive jurisdiction of the courts located within the city of Kolkata, West Bengal. The failure of RANGI LALLS to exercise or enforce any right or provision of the GTC shall not constitute a waiver of such right or provision. If any provision of the GTC is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties' intentions as reflected in the provision, and the other provisions of the GTC remain in full force and effect. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Service or the GTC must be filed within one (1) year after such claim or cause of action arose or be forever barred.

The auction shall be closed at the scheduled time as stipulated in each case unless it is extended by the process of auto-extension as explained in Clause 3.3 under BUYER SPECIFIC TERMS & CONDITIONS.

On expiry of the auto-extension period by the system, a message AUCTION IS CLOSED will be displayed which will be construed that the particular lot(s)/ auction is closed for bidding.

The clause titles in the GTC are for convenience only and have no legal or contractual effect.

23. AUTO CANCELLATION OF BUYER REGISTRATION

In case any Buyer fails to make the payment towards Registration Fees to RANGI LALLS within 30 days from the date of his registration, then the registration is automatically cancelled. He can, however, re-register himself for the purpose of paying Registration Fees and activate his account for participation in the forthcoming auctions.

24. AUTO DEACTIVATION

If any account is deactivated for non-compliance of any Terms & Conditions of the E-auction, then the registration fees for that account will stand forfeited. In case the same party wants to re-register himself, he shall be required to pay a penalty to be decided by RANGI LALLS Management.However, the acceptance of such re-registration fees shall be at the sole & absolute discretion of RANGI LALLS.

25. INTEGRITY PACT Applicable for Tender / Auction / e-Auction / e-Sale / e-Booking

26. VIOLATIONS

Please report any violations of the GTC to the Dealing Department.

27. Debarment / Black-Listing

The Seller and/or RANGI LALLS reserve the right to black-list, debar any bidder/buyer due to any act of omission or commission or fraudulent acts indulged or caused to be indulged by such bidder/buyer in the course of bidding process and/or in the execution or performance of any of the contracts which may be awarded to the bidder/buyer pursuant to the e-Auction, provided however, that the Seller and/or RANGI LALLS shall be obliged to allow an opportunity of being heard to such bidder/buyer before any order of black-listing/debarment could be passed. Any such order of black-listing/debarment that may be passed by the Seller and/or RANGI LALLS shall be without prejudice to other right of actions available to the Seller and/or RANGI LALLS against the bidder/buyer under the e-Auction Terms & conditions.

SPECIAL TERMS AND CONDITIONS

THE E-AUCTION SALE IS GOVERNED BY THE GENERAL TERMS & CONDITIONS (GTC), BIDDER'S TERMS & CONDITIONS (BTC) AND SPECIAL TERMS & CONDITIONS (STC) OF THE E-AUCTION. INCASE OF ANY CONFLICT OR DIFFERENCES AMONG ANY PROVISIONS OF GTC, BTC & STC, THE PROVISIONS OF STC WILL SUPERCEDE OTHERS IN THE PARTICULAR E-AUCTION.

THE TERMS & CONDITIONS INCLUDING THE LIST OF MATERIALS APPEARING ON THE DATE OF E-AUCTION IS FINAL AND BINDING ON THE PARTICIPANT BIDDERS, THE SAME MAY PLEASE BE DOWN LOADED FOR ANY FURTHER REFERENCE.

LATEST ONE DAY BEFORE THE AUCTION DATE PRE BID SECURITY DEPOSIT IS TO BE DEPOSITED WITH THE AUCTIONEER RANGI LALLS THROUGH RTGS AS PER THE BANK DETAILS GIVEN BELOW

Quantities are indicative and may vary +/- 20%

All the payments EXCEPT RANGI LALLS SERVICE CHARGE [EMD, balance material value along with GST and other tax and duties] shall be directly remitted to SELLER as per details which can be provided upon request to Rangi Lalls. RANGI LALLS SERVICE CHARGE SELLER HAS TO BE PAID THROUGH RTGS IN RANGI LALLS BANK ACCOUNT NO. 50200029928608 OF HDFC BANK LTD, BRANCH - M-29 GREATER KAILASH PART -II NEW DELHI - 110048 , IFSC CODE : HDFC0000557

Contact Official of RANGI LALLS : Mr Neeraj Gupta, propreitor, RANGI LALLS, DELHI(Contact No 9810073480) email id: info@onlinerangilalls.com

1. SELLER : The owner / seller, will be hereinafter referred to as PRINCIPAL and RANGI LALLS , the Selling Agent of PRINCIPAL will be hereinafter referred to as RANGI LALLS. Wherever the word Buyer, Purchaser, Successful Bidder are indicated, it will be referred to as Successful Bidder.

2. VALIDITY OF BIDS: All bids will be valid for acceptance by SELLER for a period of 90 (NINETY) days from the date of closing of E-Auction, excluding the date of closing. In case the 90th day falls on a holiday or remains closed for RANGI LALLS, such bids will be deemed to be automatically extended to be valid up to the next working day of RANGI LALLS.

 

3A. INSPECTION: The intending bidder or his authorized representative may inspect the materials as per the schedule mentioned above, between 08.00 hrs and 14.00 hrs on three working day before the date of auction at the location specified with the prior permission from PRINCIPAL. The detailed description of all lots including list of spare parts, if any, are available at site.

3B. CONTACT DETAILS: The intending bidder can contact the following person for inspection of material : SELLER .

Dealing Officer for RANGI LALLS -Mr. Neeraj Gupta Propreitor , RANGI LALLS, (M-27, M Block Market ,Greater Kailash Part II) New Delhi , Phone : 9810073480 or Email Id : rangilallsdelhi@gmail.com

4. The description / quality indicated are approximate and furnished to enable bidders to quote their rates. Bidders are advised to quote their rates only after inspection of items at site. But neither the sale could be invalidated nor the bidder can make any claim/ compensation whatsoever on account of any defect in description, deficiency in the quantity and quality. Notwithstanding anything contained in the E-Auction sale notice or advertisement issued as to description and particulars of material put up for sale, the sale is on as is where is basis only. PRINCIPAL/RANGI LALLS, do not give any assurance or guarantee that the materials to be delivered will adhere to notice or advertisement or list. No plea or misunderstanding or ignorance or conditions put forth subsequent to any confirmation of sale shall be accepted. The principle of CAVEAT EMPTOR (let the buyer be aware) will apply.

5. Conditional offers will not be accepted / entertained.

6. Goods / Equipment will be sold in as is where is condition and the whole items shall be taken delivery from the site by the successful bidders with its faults, errors in description if any.

7. The items shall remain in every aspect at the risk of the buyer from the time of acceptance of his offer. PRINCIPAL / RANGI LALLS will not undertake any liability whatsoever for the safe custody, protection or preservation after the sale has been confirmed. Delivery of the lots as put up for sale, subject to change by nature's wear and tear, will be affected by the company. No complaint regarding quality or misdescription for the materials sold will be entertained once the bid has been accepted.

8. GST : GST as per the prevailing tariff wherever applicable at the time of delivery on the sale of materials covered under this E-Auction shall be payable by the successful bidders directly to the concerned department/PRINCIPAL. Actual GST rates as applicable on the date of lifting shall be applicable. Bidders are required to satisfy themselves about GST rate through their own sources/means before bidding in this e-auction and any discrepancy should be intimated to RANGI LALLS / Seller at least one working day prior to the e-auction. No complaint from any bidder thereafter, regarding any variation will be entertained after the e-auction goes on live floor. Non-payment of sale proceeds on the ground of any discrepancy of GST rate will be treated as default and action as deemed fit including but not limited to forfeiture of EMD/SD will be taken against the bidder.

The e-Auction shall be conducted under REVERSE CHARGE MECHANISM. Buyers are requested to Read the below mentioned terms and conditions carefully before participating in the e-Auction.

As per the latest notifications- Notification No. 36 /2017-Central Tax (Rate) and Notification No. 37 /2017- Integrated Tax (Rate) both dated 13/10/2017 issued by Department of Revenue, Ministry of Finance, Government of India available in CBEC website notifications section; e-Auction of scrap/used materials is allowed by Reverse Charge Mechanism. Under Reverse Charge Mechanism, the Buyer bears the responsibility to submit the requisite GST mentioned in the Sale Order / Delivery Order to the relevant GST authorities and get GST Challan against the same. Buyer also needs to generate the GST Invoice to submit it to the Seller before taking Actual Delivery. Buyer has to file required GST Returns accordingly.

Under Reverse Charge Mechanism it is the sole responsibility of the Seller to collect the following documents before allowing Delivery:

a) True Copy of GST Registration Certificate of the Buyer.

b) GST submission challan for the value of GST as shown liable in the Sale Order / Delivery Order.

c) GST Invoice from the buyer showing proper description of material, rate, taxes, value, GST TIN of the buyer, properly sealed and signed by the buyer.

It may please be noted that in case of any irregularity in the submission or filing of taxes/returns by the buyer, the dispute has to be resolved between the Seller and the Buyer and RANGI LALLS Limited shall in no way be held liable/responsible for the same.

 

9. TAX COLLECTED AT SOURCE: Income tax Not applicable.

10A. EARNEST MONEY DEPOSIT: 

1) The bidders shall submit Earnest Money Deposit(EMD) through NEFT/RTGS within 7 days of e-Auction/acceptance of STA bid by Seller for SOLD lot. Upon issue of the sale order the EMD will be converted into Security deposit and shall be adjusted in the final payment. In case of non fulfillment of the contractual obligation, the security deposit will be liable to be forfeited by Seller.

2) In case EMD has not been submitted within 7 days, the buyer has the option to submit full payment for the sold lots within 16 days [i.e. 7 days for EMD and 10 days (including last date of EMD) for balance payment] counted as mentioned from the close of ea or STA approval date. In case only EMD payment is received after 7 days but before 16 days, Sale Order shall not be issued and the amount shall be withheld with Rangi Lalls till 16 days pending receipt of balance payment. In case balance payment is not received within the stipulated payment period, the EMD amount shall be refunded to the buyer and the buyers login will remained deactivated for a further period of 6 months/as applicable as per rule. Acceptance of full value with penalty after 16 days shall be at sole discretion of seller.

 

3) LATE PAYMENT PENALTY (ONLY FOR LOTS WHERE SALE ORDER HAS BEEN ISSUED): If the payment is not made within the free payment period mentioned in the Acceptance Letter/Sale Order, the payment may be accepted up to a period of 2 (two) weeks from the due date of payment, on payment of late payment penalty @ 1% per week on the total sale value. Acceptance of payment beyond the late payment period of two weeks shall be at the sole discretion of Seller.

Seller's Bank Details

MRO to be collected from the office of SELLER and to be deposited in the treasury/RTGS as per details.

11. ISSUANCE OF SALE ORDER: Sale orders will be issued by RANGI LALLS to the highest bidder on getting written confirmation from SELLER regarding receipt of EMD in their account. RANGI LALLS shall not be responsible for delay in issue of Sale Order/Acceptance letter or deactivation of the log in of the buyer, because of delay in payment by the bidder/receipt of communication from SELLER regarding receipt of EMD in their account.

12.PAYMENT: In case of sold / confirmed lots the buyer will have to deposit balance material value, after adjustment of the EMD amount, as per the following manners: (i) Service Charge to be paid through RTGS to RANGI LALLS Bank A/c. NO. 50200029928608 OF HDFC BANK LTD, BRANCH - M-29 GREATER KAILASH PART -II NEW DELHI - 110048 , IFSC CODE : HDFC0000557 (ii) The Balance amount must be made through online payment to SELLER Bank A/c. No As given in Para 10 C Buyer has to inform the details to RANGI LALLS and SELLER by email as given above for verification and subsequent action on the same day of the date of transaction ,Balance amount & Service Charge to be deposited within 10 (TEN) calendar days from the date of the Sale Order/Acceptance Letter. Buyer has to inform the details such as amount transferred, date of transfer, buyers bank name, UTR No., Auction No., Lot No., payment type such as EMD, Balance Material Value etc. to email id: info@onlinerangilalls.com and SELLER to email on the same day of the date of transaction. All the payments have to be deposited along with the balance material value. Any statutory variations of rate of Taxes/Duties are to be borne by the purchaser.

In case of delay, late payment charge @ 1% per week or part thereof on full material value will be charged upto 2 (TWO) weeks only and thereafter the EMD will stand forfeited without any notice. In case, the last day of payment happens to be Closed Holiday for RANGI LALLS or Banking Institutions, the next working day will be taken as the day of payment without late payment charges. The penalty amount is calculated on full basic material value.

13. DELIVERY TERMS: The Delivery Orders will be issued after receiving of the above mentioned payments. Delivery has to be taken within 30 (thirty) calendar days from the date of the DELIVERY ORDER (excluding the date of issue) and the same includes the time period required for receiving the payment by PRINCIPAL from H1 Bidders and realisation of the same. The delivery of material will be given after realisation of the amount in Seller's Bank A/c. In case of delay, ground rent @ 2% per day or part thereof will be charged upto 2 (TWO) weeks only and thereafter the EMD will stand forfeited without any notice. If the last date of delivery falls on a Closed Holiday for PRINCIPAL, the next date of delivery will be the immediate next working day of PRINCIPAL. Materials sold but not removed within the specified date, will become the property of PRINCIPAL and it will have the right to dispose of such goods in any manner as they deem fit without any notice. The materials are sold on lot basis on as is where is condition and hence the materials will be issued without weighment.

At the time of delivery, the actual quantity may vary +/- 20% from the quantity mentioned in the Delivery order. The customer has to lift the additional quantity after making the requisite payment through RANGI LALLS to PRINCIPAL.

ISSUANCE OF Delivery ORDER: RANGI LALLS shall issue Delivery order on getting written confirmation from SELLER regarding receipt of confirmation of balance payment as per the details provided in the sale order/Acceptance letter. RANGI LALLS shall not be responsible for delay in issue of delivery order, because of delay in payment from the bidder/receipt of communication from SELLER regarding receipt of balance payment(As per sale order/Acceptance Letter)in their account. Applicable Penalty for Late Payment & Ground Rent will be applicable as per Clause No.12 & 13 upto 2 weeks only and thereafter the EMD will stand forfeited without any notice.

14. No delivery of materials will be given on Sundays and closed holidays observed by PRINCIPAL. Materials will be delivered between 10.00 hrs and 16.00 hrs on any working day. The purchaser should intimate in writing two days in advance as to when vehicle will come for taking out the materials. The material will be delivered only to the successful bidder or their authorized representatives against presentation of e-Auction Identity card issued by RANGI LALLS. If the successful bidder desires to authorize a representative or an agent for delivery, in such case the bidder shall produce suitable Power of Attorney or authorization letter for each lot separately duly attested by a Notary Public authorizing his representative or agent to lift the materials from PRINCIPAL.

15. Welding / cutting works, if any can be arranged only with the prior permission from SELLER.

16. The successful bidders shall, at the time of taking delivery of the waste oil, batteries, other non-ferrous hazardous materials, etc., produce the original letter of valid registration issued by Central Pollution Control Board & Pollution Control Board for making an endorsement of transaction as required by the Pollution Control Board.

17. SALE OF ITEMS / LOTS COMPRISING HAZARDOUS WASTE:

Sale of Hazardous waste Items will be governed by the following procedures in addition to Guidelines / Notifications issued by the Central Pollution Control Board (CPCB) / Ministry Environment & Forests (MOEF) From time to time:

(a) Sale of Old Batteries/Lead Acid Batteries will be governed by the Batteries (Management & Handling) Rules, 2001 and its subsequent Amendments and Sale of eWaste will be governed by eWaste ((Management & Handling) Rules, 2011 and its subsequent Amendments .

(b) Sale of other Categories of Hazardous Waste Items will be governed by the Hazardous Waste (Management & Handling) Rules, 2008 and its subsequent Amendments and/or their relevant statutory Act/Rules.

(c) The Bidders must submit a Notarized Copy of the Valid Registration Certificates issued by the State (or Union Territory) Pollution Control Board (PCB) and produce the same to PRINCIPAL at the time of taking delivery of the materials, failing which their bid will be liable for rejection.

(d) In case of 3 Categories, namely Lead Acid Batteries, Used/Waste Oils and Non Ferrous Metal Wastes, in addition to submitting necessary Valid Registration from the State PCB, the Bidder must also submit a Notarized Copy of the Valid Registration Certificate from CPCB (or MOEF) also, failing which their bid will be liable for rejection. Bidders may note that CPCB regularly displays the list of their valid Registered Parties for these items on their Website and the bidders may like to verify the same before submitting their Bid. The various categories and definitions of the non-Ferrous Metal Waste are given in the relevant Schedule of the Hazardous Waste (Management & Handling) Rules, 2008 as amended by the Government by subsequent Amendments.

(e) The bidders shall be responsible for ensuring that all Registration Certificate issued by State PCB/CPCB/MOEF are kept valid for the entire period of the contract, if awarded to them, as well as the period of processing such Hazardous Waste Item by them. PRINCIPAL/RANGI LALLS as its sole discretion may ask the Bidder to extend the validity period of their Registration Certificate for a suitable period as deemed fit by PRINCIPAL/RANGI LALLS and in such event the Bidders shall be bound to do so, failing which their Bid/Contract may be rejected/cancelled at the sole discretion of PRINCIPAL/RANGI LALLS and no complaint in this regard will be entertained from the Bidder.

(f) In case of sale involving inter-State movement of goods, the Buyer shall also submit a No objection Certificate (NOC) from the concerned State PCB with whom the Buyer is registered, to the PRINCIPAL before taking delivery, failing which the Buyer will be responsible for all the consequences and the PRINCIPAL shall take further decision as may be deemed fit by them.

(g) PRINCIPAL/RANGI LALLS reserves its right to demand copy of any other document/Licence/ Certificate issued by any Statutory/Govt. Authority in favour of the Bidder, if required, under any Statutory or State/Central Government Act/Law/Order/Rules, etc.

(h) For Hazardous Items requiring Pollution Control Board (PCB) Registration Certificate from the State or Central Govt. or both (as the case may be), if the successful Bidder has/had a valid certificate which expired 30 (thirty) days before the date of opening of e-Auction, he must submit along with the EMD, a copy of the expired Certificate and a copy of his Application to the concerned statutory Authority for extension with a proof of submission of such Application. Further he must submit copy of valid Certificate within 15 (fifteen) days from the date of closing of E-Auction, failing which his Bid will be treated as invalid. Such Certificate must remain valid/extended till the period of processing of material after delivery. It will be deemed that the Bidder have read and understood and undertake to abide by all the provisions of the Hazardous Wastes (Management & Handling) Rules, 2008 and subsequent Amendments issued by the statutory Authorities.

18. The used/waste oil shall be taken delivery in as is where is condition and separation of Oil & water etc. shall not be allowed at site.

19. In mixed lot, picking items at random is not allowed. Loading should be done as a whole without choosing and picking. No packing, sorting, cutting or breaking of goods or materials sold will be permitted unless otherwise it is specified.

20. PRINCIPAL/RANGI LALLS reserves the right to accept/reject and cancel any bid, amend the quantity under any lot or withdraw any lot at any stage under this E-Auction sale after acceptance of bid/issue of sale order/deposit of full sale value by the bidder, without assigning any reason thereof and the value of such material if paid for, shall be refundable. PRINCIPAL/RANGI LALLS shall not be responsible for any damages/loss whatsoever to bidders on account of such withdrawal, at any stage from the E-Auction sale.

21. PRINCIPAL/RANGI LALLS will not be in any way responsible for failure to deliver the materials due to cause beyond their control such as strike, lockout, cessation of work by labourers, shortened hours, act of GOD or other causes of other contingencies whatsoever. The buyer shall not be entitled to cancel the contract and the period of delivery shall automatically get extended proportionately.

 

22. CONDUCT DURING DELIVERY: Buyers shall solely be responsible for movement and proper behaviour of their deputies, agents, and labourers within PRINCIPAL premises. If any damage is caused to the company's property, the buyer is responsible to make good such damage to the satisfaction of PRINCIPAL, and the decision of PRINCIPAL in this regard shall be final and binding.

23. ACCIDENTS ETC. TO BUYER'S LABOURER: PRINCIPAL/RANGI LALLS will not at any point of time be responsible for any injuries caused due to accident within the factory/premises or at the place of work salvage yard and the bidder will make proper arrangement for medical attention and treatment to his labour representative. The buyer will be solely responsible for any claim arising out of the employment, injuries to labourers in the course of the employment under any statute. It is the responsibility of the buyer to provide necessary safety appliances (like hand gloves, tools, helmet, safety goggles, boots etc.) to the labourers who are engaged for handling of the goods.

24. BLACKLISTING: If it is found that the bidder is not following the terms and conditions of payment. Delivery or other conditions of the E-Auction and also indulging in any malpractices either himself or by his agents, deputies or observer, such bidder are liable to be blacklisted and appropriate action will be taken as deemed fit by PRINCIPAL/RANGI LALLS.

25. In the event of any dispute in connection with this sale, the decision of PRINCIPAL/RANGI LALLS shall be final and binding on the parties to the E-Auction sale. Further any such dispute, doubts or differences of opinion arising at the time of payment of Delivery, bidders shall agree and abide by the decision of PRINCIPAL/RANGI LALLS.

26. The purchaser shall bring their own bags and boxes, cases or their receptacles for the removal of the auctioned items and shall be responsible for loading, weighment of materials under supervision of authorized official of the company.

27. No interest will be paid to the purchaser on the amount paid or deposited by him and on the amount refundable to him, if any.

28. All quantities either by weight or measurement as mentioned in the e-Auction sale catalogue are approximate. The payment must be made as per actual counter weight. If the delivery of actual quantity in any lot exceeds the quantity in the catalogue. PRINCIPAL reserves the right to retain the excess quantity material in the lot at its discretion. If the quantity in a lot on actual weighment of count is less than the announced quantity as indicated in the e-action material list, PRINCIPAL will not make good the deficiency under any circumstances. The purchaser thereof will be entitled to obtain a refund for the undelivered quantity at accepted rates. No interest will be paid on the amount of short delivered quantity.

29. ARBITRATION: In the event of any disputes or differences in connection with the contract, the same will be referred to the sole Arbitration of an officer who shall be nominated for this purpose by the COMPETENT AUTHORITY, SELLER . The award of the arbitrator shall be final and binding on the parties to this contract. For all disputes regarding Auctions and its contents and bids thereof shall be subject to exclusive jurisdiction of the police stations and courts at New Delhi only. Rangi Lalls office is at New Delhi only, nowhere else in India.

30. If any foreign materials are found to be mixed in the lot, other than the items included in the E-auction catalogue, Acceptance Letter (Sale Order), the company reserves the right to remove the same at the time of delivery.

31. The terms and conditions are supplementary to the remedy available under the law.

32. Any auctioned materials shall not be sold or parted with to any of the employees of PRINCIPAL/ RANGI LALLS.

33. The purchaser should ensure that Sales/Customs/MMD/ RTO and all other statutory formalities as required are complied with wherever necessary and expenses including tax/insurance charges etc. should be borne by purchaser. Please note that in case of documents of vehicles were surrendered to the Registration Authority purchaser have to release the same from RTO bef

Last Updated : 22-Mar-2021 Version : 1.2