PUBLIC AUCTION DOCUMENT

ALONG WITH

TERMS AND CONDITIONS OF

AUCTION

Price: Rs. 100/- only By Hand

Price: Rs. 150/- only By Post

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Date of Advertisement for Public Auction: 20.02.2012

Date of sale of Auction Document : From 20.02.2012 to15.03.2012 (up to 11.00 a.m.)

Date of Auction : 15.03.2012

Time of Auction : 11.00 a.m.

Place of Auction : Central Institute of Hand Tools

G.T. Road, ByePass

Maqsudan

Jalandhar-144008

Punjab

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INTRODUCTION:

Central Institute of Hand Tools (CIHT), Jalandhar is a premier organization responsible for the development of Hand Tool Industry in the country. CIHT has been set up as a National Institute at Jalandhar in the State of Punjab as autonomous organization with the assistance of UNIDO in the year 1983.

The Institute invitesinterested persons to participate in the Open Public Auction through bid for sale of following surplus/ obsolete/ unserviceable machines & equipments on dated 15.3.2012 at 11.00 a.m. at CIHT, Jalandhar.

Item No. / Particulars of stores / Date of Purchase / Qty / Wt. / Present working Condition / Reserve Price
1 / Colour T.V. / 1988 / 1 / As is where is basis. / 500/-
2 / Cont. Forging Furnace / 1988 / 01 No. / As is where is basis. / 16,000/-
3 / Recuperator / 1988 / 01 No. / As is where is basis. / 15,000/-
4 / Flexible Shaft Grinder / 1988 / 01 No. / As is where is basis. / 1,500/-
5 / Wesman L.A.P. Burner / 1990 / 01 No. / As is where is basis. / 900/-
6 / Vaccum Cleaner (Eureka) / 1986 / 1 / As is where is basis. / 300/-
7 / Calculator (Casio) / 1988 / 04 Nos. / As is where is basis. / 300/-
8 / Refrigerator 165 Liter Cap / 1989 / 1 / As is where is basis. / 500/-
9 / Plastic Chairs (PC -06) / 1990 / 5 / As is where is basis. / 300/-
10 / Electronic Type Writer (Godrej) / 1991 / 1 / As is where is basis. / 3,200/-
11 / Bell Consol (1+1) Beetal / 1997 / 1 set (2 Pc.) / As is where is basis. / 1,000/-
12 / EPABAX Expandable with accessories & Telephone / 1998 / 1 set / As is where is basis. / 13,000/-
13 / Mobile Phone (Nokia 13310) / 1998 / 01 No. / As is where is basis. / 0.00
14 / Bell Consol with telephone set / 1999 / 1 set / As is where is basis. / 2,400/-

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15 / Monitor with UPS / 1999 / 1 set / As is where is basis. / 15,000/-
16 / Punching Time Recorded) machine / 1999 / 1 / As is where is basis. / 600/-
17 / Induction Heater 20KW - UNDP (Cost US$ 41385/-) / 1986 / 1 / As is where is basis. / 88,000/-
18 / Small Furnace 7 Kw - Rai Steel Ind. / 1987 / 1 / As is where is basis. / 1,600/-
19 / Rockwell Superficial Hardness Tester - Blue Star / 1987 / 1 / As is where is basis. / 2,500/-
20 / H.P. Unit - Wasmen Engg. Works. / 1988 / 2 / As is where is basis. / 3,800/-
21 / Oil Fired Box Type Furnce - Welmake / 1988 / 1 / As is where is basis. / 15,000/-
22 / Oil Fired Box Type Furnace / 1988 / 01 No. / As is where is basis. / 25,000/-
23 / Electric Hoist Cap. 500Kgs. - Decane Crain / 1989 / 1 / As is where is basis. / 2,000/-
24 / Electric Hoist Cap. 1000Kgs. - I.B. Steel / 1989 / 1 / As is where is basis. / 3,600/-
25 / Oscillator Valve / 1993 / 01 No. / As is where is basis. / 1000/-
26 / All Cut Band Saw Machine / 1987 / 1 / As is where is basis. / 18,500/-
27 / Tool Sharpening Grinder (Praga) / 1987 / 01 No. / As is where is basis. / 18,400/-
28 / Broach Sharpening Machine (placed in Forge Shop) GTBR - 100 / 1988 / 01 No. / As is where is basis. / 80,000/-
29 / Dial test Indicator / 1989 / 02 No. / As is where is basis. / 500/-
30 / Milling Machine (Praga Make) / 1991 / 01 No. / As is where is basis. / 60,000/-
31 / Shaping Machine (DMK / RK Make) / 1991 / 01 No. / As is where is basis. / 25,000/-
32 / Shaping Machine (DMK / RK Make) / 1991 / 01 No. / As is where is basis. / 13,000/-
33 / All Cut Band Saw Machine / 1991 / 1 / As is where is basis. / 26,000/-
34 / Beval Protector / 1993 / 01 No. / As is where is basis. / 1,100/-
35 / Beral Protector / 1996 / 01 No. / As is where is basis. / 1,700/-

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TERMS AND CONDITIONS OF AUCTION

Auction of surplus/ obsolete unserviceable machines & equipments will be subject to the following terms and conditions:-

1]Auction is subject to the provisions of Rule 196 & 199 of General Financial Rules 2005 and rules/ regulations framed there under and as amended from time to time.

2]The intending bidders are required to deposit refundable/ adjustable eligibility fee 25% of the reserve price. The amount of eligibility fee shall be paid in cash or by an account payee demand draft in favour of Principal Director, Central Institute of Hand Tools, Jalandhar payable at Jalandhar, against proper receipt issued by the Accounts office of CIHT, Jalandhar, before the commencement of the auction. Any person interested to bid for more than one machine will be required to deposit the eligibility fee separately for each machine. No person/ company(s) or associations(s) are eligible for participation in the auction if the eligibility fee is not deposited before the commencement of the auction.

3]The reserve price for surplus/obsolete/unserviceable machines and equipments as fixed by CIHT, Jalandhar are final.

4]Successful bidders shall have to pay 25% (Twenty Five Percent) of the highest bid amount in cash or by an account payee demand draft drawn in favour of Principal Director, Central Institute of Hand Tools, Jalandhar payable at Jalandhar, at the fall of hammer. The balance 75% (Seventy Five Percent) amount shall be paid within 30 days from the date of Auction. The payment shall be accepted only by means of an account payee demand draft drawn in favour of Principal Director, Central Institute of Hand Tools, Jalandhar payable at Jalandhar. Payment by Cheque will not be accepted.

5]In case the successful bidder does not deposit the 75% (Seventy Five Percent) amount within 30 days (Thirty) days from the date of auction, then the 25% (Twenty Five Percent) amount already deposited by him shall be forfeited and the bidder will have no claim in this regard. However, this period can be further extended up to 20 (Twenty) days, on making a written request of the applicant within 30 days from the date of auction.

6]In no case a bid less than the reserve price shall be accepted.

7]No person whose bid is accepted shall be permitted to withdraw or surrender his bid on any ground, and in case he does so, his eligibility fee shall stand forfeited in full.

8]The Principal Director, CIHT or any other officer authorized by him reserves the right to accept or reject the highest bid or withdraw the machine/equipment from auction without assigning any reason, even if the bid is higher than the reserve price.

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9]In case the highest bid is not accepted, the eligibility fee shall be refunded in full, but without any interest.

10]CIHT will issue the Receipt to the successful bidder on receipt of 25% amount.

11]No separate notice will be sent for the 75% balance payment to the successful bidder.

12]In case a person bids on behalf of a firm or company or an association etc., the bidder shall produce to the satisfaction of the Authorized Officer, necessary documents that bidder has the authority to bid.

13]The possession of the machines/ equipments will be given within 30 (Thirty) days from the date of auction. In case the allottee fails to take possession of the machines/ equipments within the stipulated period after depositing the full payment, it shall be deemed to have been handed over on the due date.

14]The allottee shall have to pay all general and local taxes etc.

15]The machines/ equipments are offered on “as is where is” basis and the Authority will not be responsible for any cause.

16]The authority shall have the full rights, powers and authority at all times to do through its officers and representatives all acts and things which may be necessary and expedient for the purpose of enforcing compliance with all or any of the terms & conditions.

17]No interest will be paid for any amount whatsoever deposit with CIHT, Jalandhar.

18]In case of any dispute or difference arising out of the terms and conditions of auction, the same shall be referred to the Principal Director, CIHT, Jalandhar. The decision of the Principal Director, CIHT, Jalandhar in this regard will be final and binding on all the parties.

19]Interested participants can inspect the machines and equipments on any working day from 9.00 a.m. to 5.00 p.m. at the address given at page No. 2 of the Public Auction Document.

Officer Incharge (Administration)

CIHT, Jalandhar

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Public Auction Participation Application

1. / Name of the Bidder
2. / Name of the Firm/ Company
3. / Contact No. / Mobile No. ______
Land Line ______
3. / Complete Address
4. / Name of Machine/ Equipment to be bid. / 1.______
2.______
3.______
4.______
5.______
6.______
7.______
8.______
9.______
10.______
5. / Amount of bid security
(to be deposited)
[25% of the reserve price] / Rs. ______
6. / Mode of payment / By cash/ demand draft

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7. / Name of bank along with address (if paid through demand draft)
8. / Particulars of Demand Draft / No. ______
Dated ______
Amount of DD______

Date of Application :

Signature of applicant

(Along with name and Address)