ICICI Bank CV West India Online Auction

Auction Policy:
All vehicles are sold on "As is where is basis"
All vehicles to be inspected by the member before the auction
The member will be liable for transfer of vehicle and all issues related to RTO
Wrong Bids wont be Cancelled under any Circumstances
Post Approval auction
Payment terms: 48 hours

Auction Details:
Start & End Date 23rd Nov 2020
Auction Start Time :11:00
Auction Close Time :15:00
Region: West India
Product : CV
Auction Type:Closed
Parking Charges applicable as per sellers T&C

For New Buyer Registration

KYC Docs
PAN Card
Bank Statement
Address proof (Electricity Bill/Credit Card Statement/Land line Bill etc.)
Contact proof (mobile bill)
Business proof (visiting card/letter head/shop certificate)
KYC Declaration
Demand Draft of Rs. 21,800/- in favour of "CarTradeExchange solutions private Limited".
Cross Cancel Chq required

Address to send CTESPL Deposit:

CarTradeExchange solutions private Limited
Lloyds centre point 1st Floor Unit # 31&32 ,1096A ,
Appasaheb marathe marg,Worli, Mumbai -400018
Prabhadevi Dadar (W) Mumbai 400025. Above TATA motors showroom

CTESPL Deposit Policy

CTESPL Deposit would be compulsory for all online auctions on Cartradeexchange
Amount of CTESPL Deposit would be Rs.21,800 per member
Buying limit would be 10lacs for Rs.21,800 deposit.
Once CTESPL Deposit received from the member, the same would be encashed by Cartradeexchange
Refund of CTESPL Deposit to be done by Cartradeexchange in the form of cheque
CTESPL Deposit would be colleCTESPLd in the form of a Demand Draft
Forfeiture of CTESPL Deposit would happen even on a single default by the member
Forfeiture amount would be Rs21,800
On default and forfeiture buyers ID would be deactivated
Reinstation of ID will attract reactivation fees of Rs.11,800/- and also additional Rs.10000/- of deposit for participating in future auction
CTESPL Deposit is fully refundable to the member on fulfilment of all the transactions. If the member desires he can keep the deposit to us a
CTESPL Deposit is fully refundable if non fulfilment of vehicle happens due to seller side reason. The same to be refunded after confirmation
CTESPL Deposit is refundable to the buyer only after six month and on fulfilment of all the transactions in all auctions.
In case of any default, the buyer will not be allowed to participate in any auction unless he pays the deposit of Rs.21,800 again.
Deposit made with "CarTradeExchange solutions private Limited". For participation in online auction is non interest bearing.

ICICI TERMS & CONDITIONS:

1. All vehicles are listed for sale on “As is where is” basis. Buyers / bidders are required to inspect the vehicles thoroughly and do necessary d
2. In rare cases when bids are placed by mistake, Buyers / bidders are required to inform the same to <portal> before the close time of the lis
3. For all pre-approved listings, upon winning the vehicle, winning buyers / bidders are required to reach out to the respective bank branches
4. Incase winning buyers / bidders are facing issues in making payments to local bank branches; they are required to inform <portal> / ICICI B
5. The following cases will not be accepted as reason for non-payment and will be treated as payment defaults and breach of terms and cond
a. Year of manufacturing discrepancy
b. Parts missing/ change in vehicle condition
c. File missing in RTO/ customer stop transfer
d. Accidental/ damaged vehicle
e. Bids placed by mistake etc.
6. All winning buyers / bidders are requested to proactively provide receipt numbers for the payments made to the bank. This will avoid blocki
7. Vehicle photos and details are for reference. <portal> will not be responsible for any information mismatch. We request all buyers to inspec
8. Bidder should clarify all the queries related vehicle/documentation with branch representative of the seller.
9. Request for Buying Limits will be subject to fulfillment of earlier transactions. No request will be entertained during auction.
10. Photographs indicative and for reference purposes only.
11. Parking Charges As per Seller T&C.
12. Winning Bidders need to submit undertaking to ICICI Bank in the given format on Rs 200 bond paper before making payment fo
13. The vehicles are used, pre-owned assets belonging to the delinquent customers of Seller or the seller himself.
14. Bidding on any asset shall be treated as conclusive evidence of the fact that the bidder has physically inspected the vehicles and is aware
15. Pending Taxes & Duties if any, as applicable shall be paid by the buyer.

Terms & Conditions for participation:

1. Payment to be made to ICICI Bank within 4 working days of being declared the winner. Any delay after 4 working days, ICICI Bank reserve
2. The bidder confirms that he has inspected the asset, is fully aware that it is a 'As-is-where-is' basis sale and that he/she cannot make claim
3. ICICI Bank will issue Release Order only after clearance of payment / updation in customer statement of account.
4. ICICI Bank bears the parking charges of the asset till the date of sale plus one day. Buyer is required to take delivery within the s
5. On any delay by the buyer in taking delivery of the asset after the date mentioned in the Release Order, the buyer is liable to bear the park
6. I/We have to submit to ICICI Bank, the following documents at the time of making payment
a. Original identity proof and PAN card for scrutiny by ICICI Bank.
b. Self attested photocopies of both.
c. Valid winning letter copy clearly showing name & ID of the buyer.
d. A declaration/affidavit by buyer that registration will be transferred to his/her name within 30 days of getting NOC / TTO set.
e. A declaration that asset has been inspected by buyer and is purchased on 'As-Is-Where-Is' basis. Buyer will not claim refund or return the a
7. I/We have to also furnish ID copies at time of taking release order at ICICI Bank and while taking delivery of asset at stock yard.
8. I/We am/are allowed to depute any third party to make payment or take Release Order or take delivery of asset. However, the same shall b
9. I/ we confirm that I/we are not employees of ICICI Bank.
10. I/we confirm that I/we do not have any criminal case/s filed on me/us in any court or Police station under any jurisdiction in India.
11.In case, it is discovered by ICICI Bank at any point of time that there is /are criminal case/s against me/us and any statement made herein
12. ICICI Bank reserves right to stop delivery of the vehicle at any given point even after bidder / winning buyer has deposited the winning pri
13. ICICI Bank also holds right to recall sold vehicle from the bidder / winning buyer if any legality is identified later on. Bidder / winning buye

14. Applicable Taxes & Duties (if any), shall be paid by the buyer directly
15.If winning bidder / buyer does not take the delivery of the asset, within 45 days from the date of the payment deposition by the buyer / bidd
to refund the same back to him/her.
16. I/We, am/are aware that my bidding amount is comprising of Base Sale Value + GST + Cess + any other Applicable Taxes
17. In case of bidding value of the vehicle being more than 10 Lakhs, I/We am/are liable to pay TCS or any other taxes over above the biddin
18. Tax is indicative in nature, it may be changed and bidder is liable to pay the difference amount.
19. Tax is applicable as per current Government guidelines.
20. No dispute related to tax applicability and payment thereof shall be entertained by bank and I/We undertake to pay any taxes as applicab
21. Issuance of Form 36 will be under the full discretion of ICICI Bank
22.TCS certificate will be issued on quarterly basis

23. Vehicles can be re-called for removal from listing 1 day prior to scheduled auction and t
any other assumptions
24. Any asset appearing in list doesn’t indicate approval not received and bidders shall not provide any excuse of appeared in auction list whi
25. Enclosed Declerataion format of relase letter to be taken on
26. For RTO Penalty details you can check @ https://mahatrafficechallan.gov.in/payechallan . If any RTO penalty is their it will be paid by bu

1) Buyer needs to Submit Non use cancellation Confirmation from Concerned RTO and Pay tax ,arrears if any and deposit such confirmation
2) Post Submission of Non use cancellation Confirmation from Concerned RTO and Tax payment receipt , ICICI Bank will release asset to Bu

This is with reference to the Finance Act, 2020 introduced for Tax Collection at Source (TCS) on sale of goods to be effective from October 1

Before this new provision for sale of goods, TCS on sale of a motor vehicle was already existing in the Act u/s.206C(1F) and hence new prov

·         Existing provision u/s.206C(1F) for TCS on sale of a motor vehicle provides that, 1% TCS (0.75% till March 31, 2021) shall be collected

·         However, in all cases where sale value per motor vehicle does not exceed Rs.10 lakhs but aggregate amount of consideration received

Accordingly, in all such cases where sale value per motor vehicle has not exceeded Rs.10 lakhs but aggregate amount of consideration recei

MXC Contact details:

022-66247070
East- ROSHAN KATHAVALE - 8928395358, BHAVIKA - 8329730099
West- Smita Hande-9819897755, ANANT - 8828118997, SATISH - 9175751168, POOJA - 8828477142
North- ANUJ - 9958769761, EKTA - 9354027462, ANUDEEP - 9891438184 Sayali Shinde 7506611656
South- SAGAR BHOIR - 7304102204, MICHAEL - 8655125954, PRIYANKA - 7249665570, GOPI-8169933179
Madhya Pradesh - Ram - 9540422292 , RISHIKESH - 9311590993 ,ABHISHEK - 8454847185

Region Make Model

West EICHER MOTOR EICHER PRO 603
West ASHOK LEYLAND AL 3518
West ASHOK LEYLAND AL 3518
West ASHOK LEYLAND ECOMET1412
West ASHOK LEYLAND AL 3118
West ASHOK LEYLAND AL 2518
West ASHOK LEYLAND AL 2518
West ASHOK LEYLAND AL 2518
West ASHOK LEYLAND AL 4019 TT
West ASHOK LEYLAND AL 2518
West ASHOK LEYLAND AL 2518
West ASHOK LEYLAND AL 2518
West ASHOK LEYLAND AL 3518 TT
West ASHOK LEYLAND AL 3518
West EICHER MOTOR Pro 5035D
West ASHOK LEYLAND 22FT CBC
West ASHOK LEYLAND GURU 1111
West ASHOK LEYLAND AL 3118
West FORCE MOTORS Trax Cargo King
West ASHOK LEYLAND AL 3518
West ASHOK LEYLAND AL 3518
West ASHOK LEYLAND AL 3518
West TATA MOTORS L ULTRA 1518
West EICHER MOTOR PRO 5025
West TATA MOTORS L TATA 2518
West ASHOK LEYLAND AL GURU 1111 E
West TATA MOTORS L ACE ZIP
West ASHOK LEYLAND GURU 1111
West ASHOK LEYLAND AL 1618
West ASHOK LEYLAND AL ECOMET 1214
V West India Online Auction

ember before the auction

r of vehicle and all issues related to RTO
r any Circumstances

Card Statement/Land line Bill etc.)

ad/shop certificate)

of "CarTradeExchange solutions private Limited".

1&32 ,1096A ,
mbai -400018
25. Above TATA motors showroom

ry for all online auctions on Cartradeexchange

e Rs.21,800 per member
1,800 deposit.
m the member, the same would be encashed by Cartradeexchange
ne by Cartradeexchange in the form of cheque
SPLd in the form of a Demand Draft
happen even on a single default by the member
 ould be deactivated
on fees of Rs.11,800/- and also additional Rs.10000/- of deposit for participating in future auction
o the member on fulfilment of all the transactions. If the member desires he can keep the deposit to us as a security for the next auction
non fulfilment of vehicle happens due to seller side reason. The same to be refunded after confirmation received from the seller
buyer only after six month and on fulfilment of all the transactions in all auctions.
not be allowed to participate in any auction unless he pays the deposit of Rs.21,800 again.
ge solutions private Limited". For participation in online auction is non interest bearing.

As is where is” basis. Buyers / bidders are required to inspect the vehicles thoroughly and do necessary due diligence with the appropriate regional transpo
d by mistake, Buyers / bidders are required to inform the same to <portal> before the close time of the listings. Once the listing is over, winning buyers / bid
winning the vehicle, winning buyers / bidders are required to reach out to the respective bank branches to make payment for the vehicles agreed to be pur
e facing issues in making payments to local bank branches; they are required to inform <portal> / ICICI Bank representatives through email ONLY. In the a
cepted as reason for non-payment and will be treated as payment defaults and breach of terms and conditions:

quested to proactively provide receipt numbers for the payments made to the bank. This will avoid blocking of IDs by <portal> resulting from non-availability
reference. <portal> will not be responsible for any information mismatch. We request all buyers to inspect the vehicles and confirm the details by themselve
s related vehicle/documentation with branch representative of the seller.
ubject to fulfillment of earlier transactions. No request will be entertained during auction.
ference purposes only.

it undertaking to ICICI Bank in the given format on Rs 200 bond paper before making payment for Repo sale cases. ( Decleration format for Rele
d assets belonging to the delinquent customers of Seller or the seller himself.
ated as conclusive evidence of the fact that the bidder has physically inspected the vehicles and is aware of its real condition, its documentation / legal stat
s applicable shall be paid by the buyer.

k within 4 working days of being declared the winner. Any delay after 4 working days, ICICI Bank reserves the rights to accept or reject the payment.
spected the asset, is fully aware that it is a 'As-is-where-is' basis sale and that he/she cannot make claim refund or return the asset once the payment is ma
er only after clearance of payment / updation in customer statement of account.
arges of the asset till the date of sale plus one day. Buyer is required to take delivery within the same day of getting Release Order.
g delivery of the asset after the date mentioned in the Release Order, the buyer is liable to bear the parking charges as applicable as per rules and policy o
ank, the following documents at the time of making payment
rd for scrutiny by ICICI Bank.

owing name & ID of the buyer.

at registration will be transferred to his/her name within 30 days of getting NOC / TTO set.
inspected by buyer and is purchased on 'As-Is-Where-Is' basis. Buyer will not claim refund or return the asset once payment is made. The declaration is re
es at time of taking release order at ICICI Bank and while taking delivery of asset at stock yard.
y third party to make payment or take Release Order or take delivery of asset. However, the same shall be allowed only to a pre-authorized person of the b
ployees of ICICI Bank.
e any criminal case/s filed on me/us in any court or Police station under any jurisdiction in India.
Bank at any point of time that there is /are criminal case/s against me/us and any statement made herein above are incorrect, the bank or its agent or its as
delivery of the vehicle at any given point even after bidder / winning buyer has deposited the winning price, bidder / winning buyer will be refunded winning
all sold vehicle from the bidder / winning buyer if any legality is identified later on. Bidder / winning buyer and auction portal will provide all the required hel

y), shall be paid by the buyer directly

take the delivery of the asset, within 45 days from the date of the payment deposition by the buyer / bidder, his/her claim on the said asset will cease to ex

ing amount is comprising of Base Sale Value + GST + Cess + any other Applicable Taxes
hicle being more than 10 Lakhs, I/We am/are liable to pay TCS or any other taxes over above the bidding amount
ay be changed and bidder is liable to pay the difference amount.
Government guidelines.
bility and payment thereof shall be entertained by bank and I/We undertake to pay any taxes as applicable that Government, may impose over and above th
er the full discretion of ICICI Bank
uarterly basis

called for removal from listing 1 day prior to scheduled auction and this should not be an excuse by b
’t indicate approval not received and bidders shall not provide any excuse of appeared in auction list while making payment. Decision pending and shall be
relase letter to be taken on
check @ https://mahatrafficechallan.gov.in/payechallan . If any RTO penalty is their it will be paid by buyers.

ancellation Confirmation from Concerned RTO and Pay tax ,arrears if any and deposit such confirmation and tax payment receipt to bank 
ellation Confirmation from Concerned RTO and Tax payment receipt , ICICI Bank will release asset to Buyers .

Act, 2020 introduced for Tax Collection at Source (TCS) on sale of goods to be effective from October 1, 2020, there’s an insertion of sec.206C(1H) in Inco

goods, TCS on sale of a motor vehicle was already existing in the Act u/s.206C(1F) and hence new provision for sale of goods excludes TCS on sale of a m

) for TCS on sale of a motor vehicle provides that, 1% TCS (0.75% till March 31, 2021) shall be collected from a buyer if value of a motor vehicle being sold

ale value per motor vehicle does not exceed Rs.10 lakhs but aggregate amount of consideration received from sale of motor vehicles to a buyer has excee

sale value per motor vehicle has not exceeded Rs.10 lakhs but aggregate amount of consideration received from sale of motor vehicles to a buyer has exc

MXC Contact details:

022-66247070
st- ROSHAN KATHAVALE - 8928395358, BHAVIKA - 8329730099
-9819897755, ANANT - 8828118997, SATISH - 9175751168, POOJA - 8828477142
769761, EKTA - 9354027462, ANUDEEP - 9891438184 Sayali Shinde 7506611656
- 7304102204, MICHAEL - 8655125954, PRIYANKA - 7249665570, GOPI-8169933179
sh - Ram - 9540422292 , RISHIKESH - 9311590993 ,ABHISHEK - 8454847185

REGISTRATION_NO MF YEAR / INV YEAR /

MH04HY2042 2017
MH46BB6568 2017
MH46BB6567 2017
MH46BF9622 2019
MH03CP5337 2018
MH04JK2413 2017
MH04JK2415 2017
NL01AD8013 2019
NL01AC9137 2018
MH04JK5442 2018
MH04JK5440 2018
MH04JK5439 2018
DD03M9537 2019
MH46BF4904 2018
NL01AD8462 2019
MH04HY4824
MH04HY8574 2017
MH20EG0630 2016
MH34BG5192 2019
MH46BF4566 2018
MH46BB9966 2017
NL01AD1866 2019
MH12QG5399 2018
MH12QW8514 2019
TN52S5601 2016
MH03CV0848 2018
MH04HD9017 2016
MH04JK9354 2018
MH04JK8915 2018
MH46BF9152 2019
ty for the next auction
from the seller

nce with the appropriate regional transport office (RTO) before participating and placing their bids on the vehicle listings.
ce the listing is over, winning buyers / bidders are liable to make payments to the seller for the vehicles agreed to be purchased / won by them.
payment for the vehicles agreed to be purchased / won by them. Winning buyers / bidders should not wait for a separate intimation from ICICI Bank Limited
esentatives through email ONLY. In the absence of such emails, the same will be treated as default / breach of terms and conditions.

by <portal> resulting from non-availability of payment information.

cles and confirm the details by themselves before bidding.

ale cases. ( Decleration format for Release letter as on Sheet 2 )

al condition, its documentation / legal status as per RTO records.

ts to accept or reject the payment.

r return the asset once the payment is made.

of getting Release Order.

es as applicable as per rules and policy of each yard. ICICI Bank has no role in this regard. Also, the buyer to be aware that yard will not be responsible for

e payment is made. The declaration is required for every asset being purchased by the bidder. The ‘As-Is-Where-Is’ basis would include all conditions relat

d only to a pre-authorized person of the buyer. The authorized person can come with an authority letter from the buyer and should carry copies of all relev
e incorrect, the bank or its agent or its assignees reserves their right to initiate appropriate legal action against me/us.
r / winning buyer will be refunded winning price in such cases without interest or penalty what so ever
tion portal will provide all the required help in such case(s). Money deposited will be refunded to bidder / winning buyer without any interest or penalty

er claim on the said asset will cease to exist. In addition, the money which the winning bidder has deposited against the said asset will be forfeited and Ban

overnment, may impose over and above the Base sale value.

hould not be an excuse by bidder for non-payment as vehicle re-listed / consideration of approval no
g payment. Decision pending and shall be removed prior to auction if any.

payment receipt to bank 

ere’s an insertion of sec.206C(1H) in Income-tax Act, 1961 (the Act)

ale of goods excludes TCS on sale of a motor vehicle. In this regard, the Central Board of Direct Taxes (CBDT) issued a clarification on September 29, 20

buyer if value of a motor vehicle being sold exceeds Rs.10 lakhs. Thus, all motor vehicle sales where value of a motor vehicle exceeds Rs.10 lakhs, shall co

e of motor vehicles to a buyer has exceeded Rs.50 lakhs during a financial year, TCS shall apply as per new provision for sale of goods.

sale of motor vehicles to a buyer has exceeded Rs.50 lakhs during a financial year, the Bank shall collect TCS at 0.1% (0.075% till March 31, 2021) on am

RC STATUS INSURANCE STATUS STOCKYARD_NAME

Not available Not available SHRIRAM AUTOMALL IND
Not available Not available SHRIRAM AUTOMALL IND
Not available Not available SHRIRAM AUTOMALL IND
Available Not available SHRIRAM AUTOMALL IND
Available Not available SHRIRAM AUTOMALL IND
Not available Not available SHRIRAM AUTOMALL INDI
Not available Not available SHRIRAM AUTOMALL INDI
Not available Not available SHRIRAM AUTOMALL IND
Available Not available SHRIRAM AUTOMALL IND
Available Available SHRIRAM AUTOMALL IND
Available Available SHRIRAM AUTOMALL IND
Available Available SHRIRAM AUTOMALL IND
Available Not available SHRIRAM AUTOMALL IND
Not available Not available SHRIRAM AUTOMALL IND
Available Available SHRIRAM AUTOMALL IND
SHRIRAM AUTOMALL IND
SHRIRAM AUTOMALL IND
Available Not available SHRIRAM AUTOMALL INDI
Available Not available SHRIRAM AUTOMALL IND
Not available Not available SHRIRAM AUTOMALL IND
Not available Not available SHRIRAM AUTOMALL IND
Not available Not available SHRIRAM AUTOMALL IND
Not Available Not Available SHRIRAM AUTOMALL INDI
Not available Not available SHRIRAM AUTOMALL INDI
Not available Not available S S warehouse and logisti
Not available Not available SHRIRAM AUTOMALL IND
Not available Not available SHRIRAM AUTOMALL IND
Not available Not available SHRIRAM AUTOMALL IND
Not available Not available SHRIRAM AUTOMALL IND
Available Not available SHRIRAM AUTOMALL IND
on the vehicle listings.
cles agreed to be purchased / won by them.
ot wait for a separate intimation from ICICI Bank Limited / <portal> to initiate payment process.
t / breach of terms and conditions.

he buyer to be aware that yard will not be responsible for the upkeep, maintenance or security of the assets after the date mentioned in the release order.

e ‘As-Is-Where-Is’ basis would include all conditions related to the asset.

etter from the buyer and should carry copies of all relevant documents required.
tion against me/us.

dder / winning buyer without any interest or penalty

eposited against the said asset will be forfeited and Bank will not be liable

-listed / consideration of approval not received /

axes (CBDT) issued a clarification on September 29, 2020, as summarized below:-

re value of a motor vehicle exceeds Rs.10 lakhs, shall continue to be governed by this existing provision.

s per new provision for sale of goods.

collect TCS at 0.1% (0.075% till March 31, 2021) on amount of sale consideration received in excess of Rs.50 lakhs. It is to reiterate that, in these cases, a

LOCATION Product Remark

MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
PUNE CV
PUNE CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
Aurangabad CV
CHANDRAPUR CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
PUNE CV
PUNE CV
Bhopal CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
MUMBAI CV
ecurity of the assets after the date mentioned in the release order.
xisting provision.

ved in excess of Rs.50 lakhs. It is to reiterate that, in these cases, aggregate limit of Rs.50 lakhs shall be counted from April 1, 2020. But levy of TCS woul
April 1, 2020. But levy of TCS would be effective from October 1, 2020 and tax needs to be collected at the time of money deposition of sale consideration
eposition of sale consideration by a buyer.