Auction Details
Auction No MSTC/BLR/KIOCL, Blast Furnace Unit/2/BAIKAMPADY INDUSTRIAL ESTATE/22-23/5733[331336] Type : O
Opening Date   &  Time[View Date] 19-05-2022::11:00:00[14-05-2022]
Closing Date & Time Scheduled Time   
19-05-2022::15:30:00
Closed At   
19-05-2022::15:30:00
Inspection From Date 15-05-2022
Inspection Closing Date 18-05-2022
RCM NO
EMD Type Not a Auto Prebid EMD Auction
Auto Extension(In minutes) 8
Auction Status Not Activated

 

Seller Details
Seller /Company Name KIOCL, Blast Furnace Unit
Location BAIKAMPADY INDUSTRIAL ESTATE
Street PANAMBUR
City MANGALORE-575010
Country INDIA
Telephone 0824-2403417, 2407661
Fax 0824-2408944
Email bfucommercial@kioclltd.in
Contact Person U.MURALIDHAR

 


LOT NO[PCB GRP]/LOT NAME LOT DESC QUANTITY GST LOCATION
LOT No. :Lot no 02
PCB GRP :[PRE-BID EMD FOR BLR 50]
LOT Name :Auxiliary Chips Lot no 02
Product Type :Metal
Category :Iron and Steel
Sub-category :
Auxiliary Chips (Lot no. 02)
Loading by: Buyer
Screening by Buyer (10 mm): Allowed
Location: LRS Yard
Minimum Bid Increment: Rs.25/-
PRE BID EMD TO PARTICIPATE IN THIS AUCTION NEED TO BE PAID THROUGH THE e-PAYMENT LINK PROVIDED AT THE BUYERS HOMEPAGE (AFTER LOGGING IN) IN MSTC e-COMMERCE SITE.,MSTC INDUSIND ACCOUNT WILL BE GENERATED FOR MAKING THE PAYMENT PREBID EMD-50,000/-
150.00 MT 18.0% KIOCL MANGALORE State :Karnataka
LOT No. :Lot No 01A
PCB GRP :[PRE-BID EMD FOR BLR 50]
LOT Name :Auxiliary Honey Comb Skull (Lot No.01A)
Product Type :Metal
Category :Iron and Steel
Sub-category :
Auxiliary Honey Comb Skull (Lot No.01A) Loading by: Buyer
Location: MECON Yard
Slag Cleaning: Not Allowed
Breaking of material: Not Allowed
Minimum Bid Increment: Rs.25/-

PRE BID EMD TO PARTICIPATE IN THIS AUCTION NEED TO BE PAID THROUGH THE e-PAYMENT LINK PROVIDED AT THE BUYERS HOMEPAGE (AFTER LOGGING IN) IN MSTC e-COMMERCE SITE.,MSTC INDUSIND ACCOUNT WILL BE GENERATED FOR MAKING THE PAYMENT PREBID EMD-50,000/-
50.00 MT 18.0% KIOCL MANGALORE State :Karnataka
LOT No. :Lot No 01B
PCB GRP :[PRE-BID EMD FOR BLR 50]
LOT Name :Auxiliary Skull Lot No 01B
Product Type :Metal
Category :Iron and Steel
Sub-category :
Auxiliary Skull (Lot No. 01B) Loading by: Buyer
Location: MECON Yard
Slag Cleaning: Not Allowed
Breaking of material: Not Allowed
Minimum Bid Increment: Rs.25/-
PRE BID EMD TO PARTICIPATE IN THIS AUCTION NEED TO BE PAID THROUGH THE e-PAYMENT LINK PROVIDED AT THE BUYERS HOMEPAGE (AFTER LOGGING IN) IN MSTC e-COMMERCE SITE.,MSTC INDUSIND ACCOUNT WILL BE GENERATED FOR MAKING THE PAYMENT PREBID EMD-50,000/-
25.00 MT 18.0% KIOCL MANGALORE State :Karnataka
Total No of Lots = 3
SPECIAL TERMS & CONDITION
ALL CONTRACTS/TRANSACTIONS ENTERED INTO BY THE BUYER/BIDDER ARISING OUT OF THIS E-AUCTION SHALL BE GOVERNED BY THE INTEGRITY PACT AVAILABLE ON OUR WEBSITE, www.mstcindia.co.in - New Page 1

AUCTION NOTICE
No.KIOCL-BFU/MSTC LTD/22-23/02 Dt. 13/05/2022
Subject: Auction Notice for sale of Following materials.
KIOCL Limited Blast Furnace Unit (earlier known as KISCO) intends to offer for immediate sale following materials as detailed below on terms and conditions mentioned herein below:

ITEM DESCRIPTION ------------------------------------ Quantity



________________________________________________________________________
SOME IMPORTANT TERMS TO BE NOTED:
1. The sale of materials is on As is where is & No Complaint basis-KIOCLLimited-BFU.
2. Quantity mentioned for the lots are approximate and buyer has to compulsorily lift the entire material in the lot, subject to availability of a minimum truck load of 16 MT except for Pig Iron and Small Pig Iron.
3. The successful bidder shall lift the materials within the period as per clause no. 7 of Special Terms & Conditions.
4. Transportation of the material is to be arranged by the buyer at his cost.
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1. Terms of Sale

a) The bidders should quote for full quantity against each lot. Offers for part qty would not be accepted.

b) Weighment basis:Weighment in KIOCL-BFU plant is final and binding on both Buyer and Seller.

c) Price basis: KIOCL Ltd-BFU plant, exclusive of Freight, GST andother Taxes, if any.

d)Transport & Insurance: Transportation will be the responsibility of the buyer and Transit Insurance, if any, to be arranged by the Buyer.

2). Delivery : Immediate Sale

3).Pre-Bid EMD :Prebid EMD amounts as mentioned below have to be deposited to participate against the following lots:
PREBID AMOUNT Rs. 50,000/-

PRE BID EMD NEED TO BE PAID THROUGH THE e-PAYMENT LINK PROVIDED AT THE BUYER'S HOMEPAGE (AFTER LOGGING IN) IN MSTC's e-COMMERCE SITE. After making the e-payment the transaction details and Buyer No. have to be intimated through email to MSTC for verification and subsequent action. AFTER GENERATION OF CHALAN ,MSTC'S INDUSIND ACCOUNT WILL BE GENERATED FOR MAKING THE PAYMENT.Noother mode of payment will be entertained. The unsuccessful buyer, can raise their refund request in EMD Refund Request link.
The Pre-Bid EMD deposited by the successful bidder will be adjusted towards material value, while it will be refunded to unsuccessful bidders after necessary approval from KIOCL Ltd-BFU. Pre-Bid EMD is liable to be forfeited in case of failure by the successful bidder to comply with any of the terms of this Auction Notice.

4) Other Terms:
(a) Presence of non-magnetic materials like slag, mud, dust etc. in the above lots is un-avoidable and un-intentional. Bidders are requested to inspect the material and assess the quality & quantity before participating.
(b) The Terms and Conditions will be final and binding on both the Seller and Buyer.
In case the above terms and conditions of the Auction Notice are acceptable to you, we request you to give your best offer in the auction held by MSTC on their internet platform www.mstcauction.com.

Upon receiving the communication from KIOCL Limited-BFU, the successful bidder, whose offer has been accepted by KIOCL Limited-BFU, shall take further necessary action in terms of the conditions of this Auction Notice as noted above.
Thanking you,

Yours faithfully,
For KIOCL Limited-BFU,

Sd/-
AGM (Commercial)

Encl.a/a: Special terms and conditions of contract for sale by e-auction
General Terms and Conditions of sale by tender/e-auction.
PLEASE CLICK HERE TO DOWNLOAD THE GENERAL TERMS & CONDITION
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Letter of Interest
1).I/We__________________________________________________, the undersigned hereby accept the terms and conditions of auction notice No.______________________Dtd_____________ and also the KIOCL Limited-BFU Special terms and conditions of sale by E-Auction in its entirety. I/We are enclosing the same duly signed and stamped in all pages in acceptance thereof.
2). I/We understand that my/our participation in this E-Auction would be construed as my/our acceptance, after having read and understood, of General Terms and Conditions of Sale by Tender/E-Auctionof KIOCL Limited-BFU, available at KIOCL website (www.kioclltd.in/downloads) / Service Providers website.
3). We are providing Pre-Bid EMD of Rs.__________________/- as detailed below.
Bank: _______________ RTGS No.______________ Date._____________

Signature of Authorized Signatory with seal
Date:
Address with contact person and Phone Nos. *********************************************************************************

SPECIAL TERMS & CONDITIONS
MOST IMPORTANT: ALL THE BIDDERS INTERESTED TO PARTICIPATE IN THE E-AUCTION SHOULD HAVE A VALID CLASS-II OR CLASS-III DIGITAL SIGNATURE ISSUED BY THE COMPETENT AUTHORITY. PLEASE NOTE THAT IT IS MANDATORY FOR EACH BIDDER TO HAVE DIGITAL SIGNATURE (CLASS II OR CLASS III), OTHER WISE THEY WILL NOT BE ABLE TO BID SINCE BIDS WILL NOT BE RECORDED WITHOUT DIGITAL SIGNATURE.
NOTE: It may please be noted that the bidders have to quote above the start price mentioned. The auction is on Subject to Approval basis. Acceptance of H1 bid would be Subject to approval by KIOCL-BFU only.

1.0 Subject to the reserve price, if any, fixed for the materials by the owner M/s. KIOCL Limited - Blast Furnace Unit having its Registered Office at II Block, Koramangala, Bangalore - 560 034 (hereinafter referred to as KIOCL Ltd-BFU) or persons duly authorized in this regard (hereinafter called as Authorities) and on the terms and conditions hereunder, materials will be sold to the highest auction bidder on "As is where is and No complaint basis".

1.1 M/s. MSTC Ltd, having its Registered Office at 225-C,Acharya Jagdish Chandra Bose Road, District- South 24 Parganas, Kolkata-700020 hereinafter referred to as MSTC LTD or Auctioneer is the Selling Agent to KIOCL Ltd- BFU.

1.2 M/s. KIOCL Limited- BFU reserves its right to accept/reject/cancel any bids at any stage during or after the auction, without assigning any reasons whatsoever.

1.3 Special Terms and Conditions will over ride General Terms and Conditions of Sale by Tender/E-Auction, wherever applicable.

1.4 KIOCL Limited reserves the right to negotiate with H-1 party for a higher price in case the bids received are below the expected price.

2.0 VALIDITY

The bidder must keep their offers valid for a period of 30 (thirty) calendar days from the date of closing of the E-Auction which may be extended for any further period of time as may be mutually agreed upon by KIOCL Ltd-BFU and the bidder.

3.0 INSPECTION

The bidders are requested to contact the Commercial Department, KIOCL Limited, Mangalore for Visitors Pass to inspect the materials.

3.1 Inspection of the material will be allowed to the authorized representatives(s) of the prospective bidders who possess the photo identity card issued by M/s. MSTC LTD. They can contact JGM (Commercial), KIOCL Limited, Mangalore - 575 010, between 10am and 5pm on all working days for inspection of materials.

3.2 The quantity, quality, weight measurement and condition of the items indicated are approximate. Participation and bidding by anyone in the Auction shall be treated as conclusive evidence of the fact that the party has inspected the items offered for sale and satisfied himself in all respects regarding quantity, quality, measurement, weight and condition etc., of the items and the principal of Caveat Emptor (let the buyer beware) will apply.

3.3 Quotations received for part quantity under any lot/category shall not be entertained.

3.4
1. The sale of materials is on As is where is & No Complaint basis-KIOCL Limited-BFU.
2. Quantity mentioned for the lots are approximate and buyer has to compulsorily lift the entire material in the lot, subject to availability of a minimum truck load of 16 MTexcept for Pig Iron and Small Pig Iron.
3. The successful bidder shall lift the materials within the period as per clause no. 7 of Special Terms & Conditions.
4. Loading and Transportation of the material is to be arranged by the buyer at his cost.

3.5 SPECIAL NOTE- SUBSEQUENT TO INTRODUCTION OF GST, DEPENDING ON PLACE OF SUPPLY, THE APPLICABLE GST ON PIG IRON/AUXILIARY MATERIALWILL BE:-

SGST @ 9% and CGST @ 9%ORIGST @ 18%

TDS as per Section 194Q/TCS as per Section 206C(1H) of Income Tax shall be applicable. Buyers will have to submit declarations as per formats (Format-I or Format-II as applicable) given below along with TAN of last financial year and copy of PAN Card.
However, all taxes &cessif any prevailing at the time of lifting of material will be applicable.

3.6 A single rate, per MT basis (excluding Taxes and cess), has to be quoted by the bidder for the entire quantity under each category/lot.

3.7 Integrity Pact:
Integrity Pact is a part of tender document for all contract agreements/Purchase Orders/ transactions worth Rs.30 Lakhs and above( excluding taxes and cess). The Independent External Monitor (IEM) Sri.Varanasi Udaya Bhaskar appointed by KIOCL is vested with authority to verify compliance with the agreement between KIOCL and the tenderer under Integrity Pact.

IEM contact information:
Sri.Varanasi UdayaBhaskar Ex-CMD, Bharat Dynamics Ltd.,
Flat no.101, 1st Floor, Block no.B, Sri BalajiGulmohar Township, Bachpalle, KV Rangareddy,HYDERABAD - 500090
M:09490796474Email:varudabha@yahoo.co.in




The successful bidder shall enter into an Integrity Pactagreement with KIOCL Limited-BFU as per the format enclosed.
PLEASE CLICK HERE TO DOWNLOAD THE INTEGRITY PACT
3.8 PRE BID EMD:
A)The live e-Auction will be conducted at www.mstcecommerce.com Interested parties must deposit lump sum PRE BID EMD of Rs.50,000/-(Rupees Fifty thousand only) for being allowed to bid for the LOT inthis e-Auction. The PRE BID EMD must be deposited within office hour of MSTC, oneday before the e-auction, THROUGH THE e-PAYMENT LINK PROVIDED AT THE BUYER'S HOMEPAGE (AFTER LOGGING IN) IN MSTC's e-COMMERCE SITE. After making the e-payment the transaction details along with Buyer No. have to be intimated through email to MSTC for verification and subsequent action.

B) Only those parties who have deposited the PRE BID EMD within the stipulated time will be allowed to enter the live e-Auction floor under VIEW ALL AUCTIONfor participating and bidding in this e-Auction.

C) The full PRE BID EMD will be forfeited if the highest bidder in whose favour Sale Intimation Letter is issued by e-mail (on Confirmed or Subject to Approval basis) fails to pay the SECURITY DEPOSIT(as per clause No. 4 mentioned below) for the lot awarded to them on Confirmed or STA basis. The Password of the Party whose PRE BID EMD is forfeited will be deactivated and they will be debarred for stipulated months as deemed fit by MSTC LTD / KIOCL Ltd-BFU.

D) PRE BID EMD will be adjusted towards material value and will not be adjusted towards the SECURITY DEPOSIT (SD). The PRE BID EMD of the unsuccessful parties will be refunded after the expiry of the offer validity or earlier at the sole discretion of MSTC LTD. No interest is payable by MSTC LTD/KIOCL Ltd. on the PRE- BID EMD /SECURITY DEPOSIT.

4.0SECURITY DEPOSIT(SD): -
The SECURITY DEPOSIT has to be deposited by the Successful Bidder within 7 days ofcommunication from MSTC LTD by email after close of E-Auction. The bidder shall pay 10% (Ten Percent) of the full material value (assessable value) in the form of Demand Draft issued by a Nationalized Bank / Scheduled Bank drawn in favour of M/s. KIOCL Ltd and payable at Mangalore.
Alternately, payment can be made by way of RTGS/NEFT to the account details given below:
UNION BANK OF INDIA
KULUR, MANGALURU, DAKSHIN KANNADA - 575003
CURRENT ACCOUNT NO.: 332201010033129, IFSC CODE:UBIN0533220
5.0 DEPOSITING OF AUCTION VALUE:
The successful bidder shall deposit the Auction Value (Assessable Value plus applicable taxes, duties and any other levies) as indicated below:

5.1 GENERAL & EXCISABLE:
(a)For Auction value up to Rs.2.5 Lakhs --- within 5 calendar days from the date of issuance of the acceptance letter (excluding the date of issue) by MSTC LTD.

(b) For Auction value above Rs.2.5 Lakhs but less than Rs.20 Lakhs --- within 10 calendar days from the date of issuance of the acceptance (excluding the date of issue) by MSTC LTD.

(c) For Auction value above Rs.20 Lakhs --- within 15 calendar days from the date of issuance of the Acceptance letter by MSTC LTD(excluding the date of issue) in 3 equal installments within the scheduled period of 15 days and in such cases, the PRE-BID EMD & SD will be adjusted only in the final installment.

(d) In case of (b) and (c) deposits can be made in installments and lifting of material in parts will be allowed, within the scheduled period of 10/15 days as the case may be and in such cases, thePRE-BID EMD & SD will be adjusted only in the final installment.
5.2 DEPOSIT OF PAYMENTS
The above payment shall be made by Demand Draft / Pay Order issued by a Nationalized / Scheduled Bank favouringKIOCL Limitedpayable at Mangalore andhanded over in the Commercial Department of M/s.KIOCL Ltd-BFU, Mangalore for issue of Delivery Order by MSTC.


Alternately, payment can be made by way of RTGS/NEFT to the account details given below:
UNION BANK OF INDIA
KULUR, MANGALURU, DAKSHIN KANNADA - 575003
CURRENT ACCOUNT NO.: 332201010033129, IFSC CODE:UBIN0533220
The copy of payment advice/challan containing UTR Number may be faxed/mailed.
5.3 Incase, the last day of payment happens to be Closed Holiday for KIOCL / Banks, the next working day will be taken as the day of payment without late payment charge if any.

5.4 DELAY IN DEPOSITING SALE VALUE & FORFEITURE
In the event of default in making payment within the specified time schedule and with extended time, if any, the successful bidder shall pay an additional amount at 1% (One Percent) per week or part thereof on the balance payment for a further period of 21 days. Should the successful bidder fail to deposit the balance payment along with the additional charges within 21 days from the date of expiry of the time schedule as indicated at Clause-5, with extension thereof, if any, SECURITY DEPOSITshall be forfeited without any further notice to the successful bidder.

6.0 GST(IN LIEU OF SALES TAX AND EXCISE DUTY)&OTHER TAXES:
The price quoted by the successful Bidder shall be excluding GST and any other Taxesand shall be paid extra as prevailingat the time of delivery. In case of any increase in rate of taxes and duties, the differential amount will have to be paid before lifting of material.

7.0 DELIVERY SCHEDULE FOR LIFTING OF MATERIAL:

7.1 For all items, the successful bidder shall lift the materials within 30 Calendar days from the date
of issuance of the acceptance letter by MSTC Limited (excluding the date of issue).

8.0 GROUND RENT:
In case of any default in lifting the materials by the Successful Bidder within the time limit specified herein above, the un-lifted quantity may be lifted by making payment of ground rent @ 1% (One Percent) per week or part thereof, the Sale value of un-lifted quantity for such default beyond the specified period as stipulated in the delivery order but not later than 5 (Five) weeks from the expiry of the specified time schedule for lifting the materials without ground rent.

8.1 In case of goods sold on lot basis, ground rent will be payable @ 1% (One Percent) per week on the value of the entire lot even if partial quantity is lifted, whereas in case of goods sold on unit / weight / number basis the ground rent will be payable only on the value of the un-lifted quantity.

9.0 DELIVERY OF THE MATERIALS:
For taking delivery, Successful Bidders must report by 9.00 AM on working days in the Commercial Department, KIOCL Ltd-BFU, Mangalore. In case the last date for delivery happens to be a Closed Holiday for KIOCL Ltd-BFU, the next working day will be taken as the last date for lifting without any Ground Rent. Successful Bidders must produce the delivery order issued by MSTC LTD at the time of taking delivery of the materials.

The Vehicles engaged by the Successful Bidder to take delivery of the materials must carry all relevant and valid documents such as RC books, Insurance Cover, Driver's License, and Emission Certificate etc., issued by the concerned authorities. In the absence of the same, permission for entry of vehicles may not be allowed.

Successful Bidders are advised in their own interest to inform in advance before placement of vehicles for taking delivery of the materials. The Successful Bidder at his own cost may make his own arrangement for removal, dismantling, loading, transporting and he will not be entitled to claim any facility or assistance or cost on this account from KIOCL Ltd-BFU / MSTC.

10.0 FAILURE TO LIFT MATERIAL:
In the event sufficient quantity of material is not available for lifting, KIOCL Ltd-BFU shall refund on "pro-rata basis" the value of such shortage in quantity. No claim shall be entertained by KIOCL Ltd-BFU by way of loss or profit, damage or interest etc.

10.1 In case, after making full payment for entire quantity, the Successful Bidder fails to take delivery of the material within the stipulated period with extension thereof, if any for the whole or part of the materials, then 15% of the Sale value of the un-lifted quantity along with the ground rent @ 1% per week or part thereof will be forfeited. Refund, if any, for the balance amount on this account will be made based on the written request of the Successful Bidder within a period of 6 (Six) months from the date of E-Auction.

After expiry of the delivery period with extension thereof, if any, KIOCL Ltd-BFU will have the fullest liberty and right to dispose of such goods in any manner as it deems fit and the Successful Bidder will not have any right what so ever in this regard for any compensation, loss etc.

11.0 AUTHORISATION TO COLLECT MATERIALS:
The authorized representative of the Successful Bidder for collection of materials should have a Power of Attorney in his favour duly notarized and his signature duly attested. The Power of Attorney should be executed on the prescribed document paper of Rs.100/- or as prescribed from time to time. Such authorization should not be revoked under any circumstances without written consent of KIOCL Ltd-BFU.

11.1 The segregation material is not allowed within the premises of KIOCL Ltd-BFU. Breaking / cutting is also not allowed except under special circumstances and should have written permission of KIOCL Ltd-BFU. Items like Battery, Used Oil etc., are to be handled carefully and decanting, spillages are not allowed within the premises of KIOCL Ltd-BFU.

11.2 Weighment recorded at KIOCL Ltd-BFU weighbridge shall be final.

12.0 Since the transportation of material is Buyers responsibility, filing and generation of E-Way Bill prior to commencement of movement of goods will be the responsibility of Buyer or his Authorized Transporter.
The Buyers Authorized transporter shall compulsorily submit a copy of LR before taking the delivery of material towards proof of receipt of material.
KIOCL-BFU will not be liable for any penal action arising out of non-generation of E-way bill/wrong entry/misdeclaration in E-Way Bill.

13.0 ACCIDENTS ETC., TO THE TENDERER / BIDDER / LABOURER
13.1 If any damage or loss is caused to the employees or the property of KIOCL Ltd-BFU or if any claims are made by KIOCL Ltd-BFU while lifting the materials and by reason of any acts of commissions or negligence on the part of the Successful Bidder or on the part of their agents, representatives or employees, KIOCL Ltd-BFU shall be entitled to recover all such losses damages as may be ascertained by KIOCL Ltd-BFU and the same shall be final & binding on the Successful Bidder. Such amount will be recovered from any pending amount of the Successful Bidder without prejudice to KIOCL Ltd-BFU's right to take further action under the contract as well as recover such losses, damages or claim any other money due to under any other transaction with KIOCL Ltd-BFU or from the Successful Bidder directly.

13.2 KIOCL Ltd-BFU / MSTC will not be responsible for any injuries caused due to accidents within factory premises or at the place of work of the owner either to the Successful Bidder or his representatives / Labourer etc., and the Successful Bidder will make proper arrangements for any claim arising out of the employment under statute. It is the responsibility of the Successful Bidder to provide necessary safety appliances (like Hand gloves / safety shoes etc.) to the labourers, who are engaged for taking delivery of the materials. It will be the responsibility of the Successful Bidder taking delivery to employ such labourers, who are familiar to undertake such jobs without causing any damage to themselves or to the material and providing safety appliances. The Successful Bidder shall also take necessary insurance cover for those employed for breaking/lifting/screening/loading the materials as required, at their own cost. Copy of insurance cover must be submitted to Commercial dept., BFU before lifting of material.

13.3KIOCL Ltd-BFU / MSTC LTD will not be liable for any claim and Successful Bidder shall keep KIOCL Ltd-BFU / MSTC LTD fully indemnified and harmless against any claim proceedings on their own or against the employees or others.

14.0 SETTLEMENT OF DISPUTES
A. If any time any question, disputes or difference of whatsoever nature shall arise between KIOCL Ltd-BFU and the Successful Bidder upon or in relation to or in connection with the contract, either party may, forthwith give to the other notice in writing of such existence of question, dispute or difference and the same other than the questions, disputes or differences for the decision of which specific provisions have been made in the foregoing Articles of these conditions herein after referred to as "Excepted Matter" and the decision of such "Excepted Matters" according to the said provisions shall be final and binding on the parties shall be referred to Arbitration by a sole Arbitrator to be appointed by KIOCL Ltd-BFU Chairman or any person acting in such capacity.

B. When the sole Arbitrator withdraws from his office for any reason or otherwise the Arbitrator is substituted, the Arbitral Proceedings shall continue from that stage onwards and the earlier hearings shall not be repeated.

C. The language to be used in the Arbitration Proceedings shall be English.

D. The award of the Arbitration shall be final, conclusive and binding on the parties.

E. The provisions of Arbitration and Conciliation Act 1996, and the Rules there under and any statutory modification thereof from time to time in force shall in applicable to this contract.

F. The venue of Arbitral proceedings shall be only in Bangalore, India.

G. Only Courts in Bangalore shall have jurisdiction regarding the matters relating to the Arbitration.














FORMAT-I
(ON COMPANY LETTER HEAD)

Declaration for applicability of deduction of tax at source (TDS) on purchase of goods u/s 194Q

We,M/s. << Business Name>>, hereby confirm that our total sales / gross receipts / turnover from our business exceeded Rs.10 crores, during the FY 2020-21. Accordingly, we qualify as buyer for the purpose of section 194Q of the Income TaxAct.

Weconfirmthat,TDSaspertheprovisionsofsection194QisapplicableonourpurchasesofIron ore Pellets/Pig ironproductsexceedingRs.50 lakhs from KIOCL LIMITED. (PAN AAACK8438M) during FY 2021-22. We also confirm that we will be deducting the applicable TDS @ 0.1% under section 194Q while remitting payment to the account of KIOCL LIMITED.

Our customer identification details for transacting with KIOCL LIMITED are submitted in theAnnexure.

We are aware that as per the provisions under section 206C (1H), TCS is not collectible by KIOCL LIMITED on above sales of Iron ore pellets/Pig iron products to us, where TDS under section 194Q is applicable and has been deducted by us ( i.e buyer). We are alsoawarethat, KIOCL LIMITED,relyingoursubjectdeclaration,willnotbecollectingTCSundersection206C(1H)on sales to us exceeding Rs.50 lakhs during FY2021-22.

We hereby undertake to indemnify KIOCL LIMITED against any liabilities (comprising of tax amount and interest / penaltyifany)arisingonaccountanynon-complianceonourpartbywayofnon-deductionofTDSaspertheapplicableprovisions of section 194Q resulting in consequential non-collection of TCS under section 206C(1H) on the part of KIOCL LIMITED.

We hereby also undertake to refund, with interest, any amount credited by KIOCL LIMITED to our account, in giving effect to the TDS under section 194Q which we have hereby declared that we will be deducting on our purchases, in the event of any aforesaid non-compliance on our part by way of non-deduction of TDS/ non remittance of TDS deducted to Govt. as per the applicable provisions of section 194Q.

Verification
I, , son/daughter of Shri

in the capacity of__________ ofM/s.________ solemnlydeclarethattothebestofmyknowledgeandbelief,the information given in this declaration is correct and complete and particulars shown therein aretrue.

I hereby declare that I am duly authorized to submit and sign the declaration.


Place
Date
(AuthorizedSignatory)



Signature & Seal










FORMAT-II

(ON COMPANY LETTER HEAD)

Declaration for non-applicability of deduction of tax at source (TDS) on purchase of goods u/s 194Q

We,M/s. << Business Name>>, hereby confirm that our total sales / gross receipts / turnoverfromourbusinesshasnotexceededRs.10crores,duringtheFY2020-21.Accordingly,wedonotqualifyasbuyerforthe purpose of section 194Q of the Income TaxAct.

We confirm that, TDS as per the provisions of section 194Q is not applicable on our purchases of Iron ore Pellets/Pig iron products exceeding Rs.50 lakhs from KIOCL LIMITED (PAN AAACK8438M) during FY 2021-22. We also confirm that we will not be deducting the applicable TDS @ 0.1% under section 194Q while remitting payment to the account of KIOCL LIMITED.

Our customer identification details for transacting with KIOCL LIMITED are provided in the Annexure

We are aware that as per the provisions under section 206C (1H), TCS is collectible by KIOCL LIMITED on above sales ofIron ore Pellets/Pig ironproductstous,whereTDSundersection194Qisnotapplicableandhasnotbeendeductedbyus(i.ebuyer).Weare also aware that, KIOCL LIMITED, relying our subject declaration, will be collecting TCS under section 206C (1H) on sales to us exceeding Rs.50 lakhs during FY2021-22.

Verification
I, , son/daughter of Shri in the capacityof
of M/s. solemnly declare that to the best of my knowledge and belief, the information given in this declaration is correct and complete and particulars shown therein aretrue.

I hereby declare that I am duly authorized to submit and sign the declaration.



Place
Date (Authorized Signatory)



Signature & Seal