Reserve Bank of India – Tenders

Auction Number: MSTC/VAD/Reserve Bank of India/1/Near Gandhi Bridge, Ahmedabad/21-22/18996

Reserve Bank of India, Ahmedabad intends to sell its following vehicle on “as is where is basis” through E-auction:

Terms and Conditions:

1. Bidders are requested to inspect the car and get acquainted with the conditions etc. before bidding in the E-auction.

2. The participant can examine the vehicle stationed at Reserve Bank of India, Main office Building, Near Gandhi Bridge, Ahmedabad up to October 27, 2021 on Bank’s working days (Monday to Friday) between 01.00 PM to 5.00 PM.

3. Live E-auction will be held on MSTC E-auction Portal on October 28, 2021 between 12:00 PM to 05:00 PM. The E-auction closing time will be automatically extended by 8 minutes every time the last H-1 Bid is received within 7 minutes of the predetermined or extended Closing Time. This process will continue till the last H-1 Bid remains unimproved for a minimum period of 8 (eight) minutes.

4. All expenses relating to transfer of ownership of the vehicle including RTO related taxes, charges for transport, insurance charges etc shall be borne by the successful bidder. No claim in respect of changes in any other taxes/ duties shall be entertained by the Bank.

5. Rate must be quoted exclusive of GST. GST rates as indicated in the e-auction catalogue are only indicative. Actual GST rates as applicable on the date of lifting shall be applicable. Bidders are required to satisfy themselves about GST rate through their own sources/means before bidding in this e-auction and any discrepancy should be intimated to MSTC / RBI at least one working day prior to the e-auction. No complaint from any bidder thereafter, regarding any variation will be entertained after the e-auction goes on live floor. Non-payment of sale proceeds on the ground of any discrepancy of GST rate will be treated as default and action as deemed fit including but not limited to forfeiture of EMD/SD will be taken against the bidder.

6. Pre-bid Earnest Money Deposit (EMD) of ₹25,000/- should be paid on MSTC E-auction Portal before participating in this auction.

7. It shall be the responsibility of the successful bidder for arranging transfer of ownership of the vehicle purchased in the RTO records at his/her own cost.

8. Car will be handed over to the successful bidder only after complete bid price is received by the Bank and when the bidder completes the registration formalities and gets the vehicle transferred from RTO in his/ her / organization name.

9. The Bank reserves the right to accept or reject any or all bids without assigning any reasons therefor.

Regional Director
Gujarat