Colorshine -
Colorshine -
Requirements of participation
1) Registration: Before participation in the e-Auction, a prospective customer shall be required to get registered with mjunction services limited.
For details, pls. visit https://auction.metaljunction.com
2) EMD: Non-Interest bearing EMD of Rs.50,000/- (Rs. Fifty Thosand only) through Online Payment only. Details as under:
a) Beneficiary Name: mjunction services ltd Beneficiary Bank name: HDFC BANK LTD,
b) Bank Address: Sandoz Branch, Mumbai.
c) Beneficiary Account Number: Explained Below*, IFSC Code:- HDFC0000240.
*Account No:- All the customers will have a unique account number. The unique account number is an alpha numeric code consisting of 13 characters. The
Customer’s unique “account number” is a combination of the MJ’ SAP code along with the 7 digit bidder SAP ID and can be used as reference
for all subsequent transactions. The Customer’s Account Number detail is available in “Profile” after the customer logs into our website using
the user id and password.
“IMPLEMENTATION OF TAX COLLECTED AT SOURCE (TCS) ON SALE OF GOODS WITH EFFECT FROM October 1, 2020
Finance Act 2020 introduced a new Section 206C (1H) for extending the scope of Tax Collected at Source (TCS) on sale of any Goods with effect from 1st of October
2020. Hitherto, TCS was only applicable on sale of certain specific category of goods e.g., Scrap, Coal etc.
Payment Terms:
1. Material value payment to be deposited within three (03) days from the date of verbal/written intimation by Colorshine/mjunction officials for the
available quantity at plant for lifting.
2. The materials will be allowed to be lifted only after full payment by RTGS/NEFT mode towards actual stock quantity along with any Taxes applicable
is received by Color Coated Pvt. Ltd/Color India Pvt. Ltd ( Material sold from which plant payment to be deposit of respective account).
Dispatch of materials:
1. Invoice for stock qty will be issued by Colorshine., ….. only after receiving advance payment for total available stock qty.
2. All Customers are required to submit the papers for making Invoice in between 10.00 AM to 4.00 PM and to collect the invoice between 10.00 AM
to 4.00 PM. For assistance with delivery orders, Customers are to contact below officials from Colorshine.
➢ In case of failure to deposit full amount within 03 days (Excluding Sunday) from the date of lot confirmation, Colorshine./ mjunction reserves the
right to terminate the contract, forfeit the EMD amount of Rs.50,000.00(Rupees Fifty Thosand only) and debar the customer for 2 months from the
date of auction. Colorshine without any further reference to the bidder, may resell the lot.
➢ In case of non- lifting of full lot quantity (total available qty agsinst allotted lot) of material within stiplulated time (within last date of lifting) after
making full payment, a penalty of EMD Amount Rs. 50,000.00 (Rupees Fifty Thosand only) and 10% of the material value shall be recovered from
the customer.
➢ Colorshine. reserves the right to cancel any Invoice without assigning any reason whatsoever.
Colorshine reserves the right to partially or totally accept or reject any/all bids placed in the Online Auction without assigning any reason whatsoever. The
decision of Colorshine. would be final and binding on the bidder in any such case.
Colorshine reserves the right to accept or reject any or all the bids without assigning any reason at any stage. The management reserves the right to
withdraw at any stage from the sale after advertising or after issue of sale order/release order/intimation letter of any material with any quantity by
numbers or weight at any stage without assigning any reason. Sale value for the material so withdrawn, if any paid by the buyer will be refunded (non-
interest bearing). Colorshine will not be responsible for any damages/loss whatsoever to the purchaser on account of such withdrawal.
“ It is the responsibility of the buyers to furnish the valid GST no. & necessary documents to mjunction before participating in the auction. In case during the
transactions, it is found that valid GST no. has not been provided, then all necessary liabilities, if any & so accrued, would be to the account of the buyer.
Colorshine & mjunction would not be responsible for any such liabilities. For submission of GST no., pls contact mjunction (Sandeep Agawane-9768362470)
Jurisdiction:
In respect of all legal matters, the jurisdiction of the contract will be the court of Mumbai.
Annexure-A
Material Details & Quantity mentioned below is indicative and may vary from actuals
Material detail of Colorshine Coated Pvt. Ltd.
Material lying at Colorshine Coated Pvt. Ltd
Sl No. Material Description Lot No. Qty. (MT)
1 GL Sheet 8 ft and below Lot No.-01 GL Sheet 8ft and below (30MTx3Lots) (Colorshine coated pvt Ltd) 90
Material detail of Colorshine India Pvt. Ltd.
Material lying at Colorshine India Pvt. Ltd
Sl No. Material Description Lot No. Qty. (MT)
CCPL (Colorshine Coated Private Ltd. – 1229-1, 1230-2, Chennuru BIT-1 Village, Guduru Mandal, Tirupati Andhra Pradesh- 524406):
CIPL(Colorshine India Private Ltd. – 213-1, Mangalpur Village, Guduru Mandal, Guduru, Tirupati Andhra Pradesh- 524406):
PHOTOGRAPHS
NOTE: Photographs of lots are at best indicative only and do not necessarily reflect the actual condition of lots. All bidders are advised to physically inspect the offered lots before
participating in the auctions. Colorshine or mjunction services limited shall not be responsible or liable for any error of judgement or bids put by bidders acting on the basis of these
photographs.
Fullfillment of Sample
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