The sale of condemned vehicles and scraps will be conducted through an e-tender cum e-auction. Bidders must download the material list and terms and conditions from the website. An EMD is required for each vehicle type (bus, light motor vehicle, two-wheeler) and 25% of the quoted value for other scrap materials. Bidders must enclose copies of GST certificate, PAN card, and pollution control certificate. The rate should be quoted for the entire lot. The auction will commence at 11:00 AM on the scheduled date and will remain open until the time specified in the auction catalogue, or until the extension time. The successful bidder must remit the balance bid amount within 14 working days from the date of the sale confirmation order. If lots are not cleared within the specified time, a ground rent will be charged. The agency reserves the right to withdraw from the sale of any lots or reject any bid. Specific requirements apply for the delivery of condemned tires and non-ferrous metal waste and scrap. All bids are valid until accepted or for 30 calendar days from the closing date, whichever is later. Confirmation of sale is subject to the reserve price. The contract remains valid until the sale certificate or sale deed is issued. Bidders are solely responsible for all consequences arising from their bid submission. The unit of measurement for bidding, sale, and delivery must be as specified in the lot catalogue. The bidder must pay all applicable taxes and duties. Only the courts in Tirunelveli shall have exclusive jurisdiction to entertain any disputes.
The successful bidder must remit the balance bid amount, along with applicable taxes in force, by way of demand draft within 14 working days from the date of the sale confirmation order mentioned in the sale order, before 4:00 pm, at the auction center of Tamil Nadu State Transport Corporation Tirunelveli Ltd. , Tirunelveli. If the payment is not made within 14 working days, an additional 5 working days will be provided to remit the balance amount with 18% interest.
The successful bidder must remit the balance bid amount, along with applicable taxes in force, by way of demand draft within 14 working days from the date of the sale confirmation order mentioned in the sale order, before 4:00 pm, at the auction center of Tamil Nadu State Transport Corporation Tirunelveli Ltd. , Tirunelveli.
Bidders with required identity cards can inspect the lots specified for sale in the office hours of Tamil Nadu State Transport Corporation Tirunelveli Ltd. , Tirunelveli at the location mentioned in the catalogue on the basis of as is where is condition. Bidders should enclose photocopies of their GST certificate, PAN card, and pollution control certificate for each e-tender cum e-auction for verification. Specific requirements apply for the delivery of condemned tires and non-ferrous metal waste and scrap.
If the lots are not cleared within the specified time, a ground rent of 2% of the sale value per day will be charged for the next 10 days. If the lots are not cleared within this extended period, the sale will be canceled, and the entire EMD will be forfeited. Additionally, the defaulted bidder will be blacklisted.
Bidders with required identity cards can inspect the lots specified for sale in the office hours of Tamil Nadu State Transport Corporation Tirunelveli Ltd. , Tirunelveli at the location mentioned in the catalogue on the basis of as is where is condition.
The estimated total value of the tender is INR 54,45,000.
