Auction Notice

Basic Details
Auction Notice No. RAXX20242050

Initiator Maharashtra Rajya Sahakari Dudh Mahasangh Maryadit

Auction Title Reverse Auction

Auction Date May 8, 2024, Wednesday

Product Category Others Bidding Rate FOR (Inclusive of All)

Earnest Money Deposit (EMD) / Security Deposit (SD) / Transaction Charges (TC)
EMD Payable To NCDFI Escrow Account Invoice Payment Directly to Seller

Security Deposit NA SD Payable To Buyer

Initiator EMD Amount NA Bidder EMD Amount 2% of the bid value

TC From Bidder TC in % 0.4% excluding GST

Auction Duration
Initial Duration of eAuction 15 Minutes

Bid Extension 3 Extensions of 5 minutes each

Critical Dates
Bid Validity May 15, 2024, Wednesday 20:00

Auction Products
Auction Min Bidding Decremental Value in Credit
Location Qty Delivery Period
Time Qty Unit (₹) Period

Furnace Oil (Specification)

24,000 As mentioned in purchase
12:00 Goregaon NA Kg 1 30 Days
Kg order

Additional Notes

(1) The quoted rate should be inclusive of the basic rate, transportation, loading, unloading, testing, taxes etc.

(2) On confirmation of receipt of SD by MRSDMM, NCDFI eMarket will release the EMD within one working day, after adjusting the
transaction charges of 0.40 % which is exclusive of GST.

(3) TDS (u/s 194-O) @1% of total trade value will be deducted from the EMD of the successful bidder.

Auction Documents
Terms & Conditions Terms & Conditions

Help Desk

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