Terms of service

TERMS & CONDITION FOR “ONLINE BIDDING/AUCTION/OCB”

1. DEFINITIONS CLIENT-CLIENT referred in this catalogue, would be seller in case of disposal of materials or Buyer in case of sourcing of materials.

2. SERVICE PROVIDER-ScrapDekho (hereinafter referred to as a division of “angle metal zone Pvt Ltd”) is an e-commerce service provider appointed by the Client to facilitate virtual auction by the Client. ScrapDekho will only facilitate online auction and is considered as third party not particularly interested in the item/s Client on behalf of.

3. BIDDER - Any person - as an individual OR a proprietor OR a partner OR an authorized representative of any company OR any legal entity and who is paying the requisite EMD and registered at ScrapDekho and who makes or places a bid for and purchases the auction property either in part or in full is considered as a bidder. One individual can represent as a bidder on his own behalf and on behalf of other companies provided he registers himself in those capacities separately i.e. for each representation he should pay separate Earnest Money Deposit. Successful Bidder is that Bidder in whose name confirmation of sale is issued by the Seller.

4. TIMING OF ONLINE BID - Time wherever mentioned in any document relating to the bidding event including the auction catalogue refers to Indian Standard Time (IST) i.e. UTC + 05.30 hrs. All the timings of the Online Bid shall be based on the time indicated by the Server hosting the Auction Engine. It shall be the endeavour of ScrapDekho to ensure that the Server Time reflects as closely as possible the Indian Standard Time (IST) i.e. UTC + 05.30 hrs. However, in the event of any deviations between the Server Time and the Indian Standard Time, the functioning of the Auction Engine (Start, operation, closure) would be guided by the Server Time. Bidders are advised to refresh the page by clicking on the link provided at the top right side of the Auction room to check the exact Server Time that is displayed there.

5. VALIDITY- The Online auction bidders and Tender bidders must keep their bids valid for a period of certain days (as per particular catalogue) from the date of closing of e-Auction excluding the date of closing. In case the 30th day falls on a holiday or remains closed for the Seller, such Bids will be deemed to be automatically extended to be valid up to the next working day of Seller.2. Time Extension: If any valid bid is received within the last 3 minutes (“Time Extension” as mentioned in the Bidding Room will be in force & 3 Minutes is an example) of closing time, the time will be extended automatically by 3 minutes. Bidders are advised to look for the number of extensions left in the virtual auction room in cases where the numbers of time extensions are restricted/ unlimited.3. Training: ScrapDekho will provide training (online) if required by the bidders at a mutually convenient date and time before the Auction.5. By default, the system will set up the next bid value (current highest/lowest bid value plus or minus the prescribed minimum increment/decrement). Bidders can use the + or - symbol in the bid box to increase/decrease the bid values. The bidders can override this feature to place their bids manually as well. All bid values in figures will be displayed with a comma separator as per International Standards and all bid values in words will be displayed as per Indian system for numbers.

6. MULTIPLE LOGIN-Multiple Log in from same IP Address - Bidders participating in the auctions may please note that multiple login from the same IP Address will not be permitted.

7. BIDS- All bids placed are legally valid bids and are to be considered as bids from the bidder himself. Once the bid is placed, the Bidders cannot reduce or withdraw the bid for whatever reason. If done so, the Seller will forfeit the EMD. The highest and the latest bid on the Auction shall supersede all the previous bids of the bidder. Bidders may please note that in the event of a manual bid amount matching that of an auto bid, the manual bid will prevail and be considered. The bidder with the highest offer/auto bid does not get any right to demand acceptance of his Bid.

8. For deciding the successful bidder, only the highest bid placed in the Closed Bid event or the Online Auction will be considered. In the event of a tie (highest offer received in the online closed bid matching the highest bid received in the e-auction), Seller will decide the successful bidder. No complaints in this regard will be entertained.

9. AUTO BID- Auto Bid facility is provided for bidders intending to place a maximum value for a lot/lots.

10. AUTO BID: Auto bid is not a confirmed bid. It is only the maximum ceiling amount set by the Bidder to enable the auction engine to place bids on his behalf, whenever he is out bided, up to the ceiling set by him.

11. AUTO BID: Once auto bid is set, the auction engine will consider the ceiling amount for the next possible Bid only, depending on the highest bid prevailing at that point of time and the increment /decrement amount prescribed for that particular lot. However, Auto Bid cannot be set for amounts less than two increments / decrements to the highest/lowest bid prevailing at that point of time.

12. AUTO BID: Bidders may please note that in the event of a manual bid amount matching that of auto-bid, the manual bid will prevail and be considered.

13. Bidders may please note that the virtual auction room will normally refresh automatically in every 5 seconds. It can also be refreshed manually by clicking on the link provided therein. In case of any difficulty to refresh the window, Bidders are advised to clear browsing history, download history, cookies and other site and plugin data, cached images and files etc. from their browser. Bidders may also contact ScrapDekho officials whose contact details are provided herein.

General Terms & Conditions of Service ("GTC")

1. Welcome to ScrapDekho-This unique service of auction on the web/App. Is offered to you, subject to the following General Terms & Conditions of Service ("GTC"), which may be updated by us from time to time without notice to you. You can review the most current version of the GTC at any time at: www.ScrapDekho.com. In addition, when using particular ScrapDekho services, you and ScrapDekho shall be subject to any posted Guidelines or Rules applicable to such services which may be posted from time to time. All such Guidelines or Rules are hereby incorporated by reference into the GTC. ScrapDekho also may offer other services from time to time, such as that are governed/companies by different General Terms &Conditions of Services.

2. DESCRIPTION OF SERVICE- You are responsible for obtaining access to the Service and that access may involve third party fees (such as Internet service provider or airtime charges). You are responsible for those fees. In addition, you must provide and are responsible for all equipment necessary to access the Service. You are responsible for obtaining access to the Service and that access may involve third party fees (such as Internet service provider or airtime charges). You are responsible for those fees. In addition, you must provide and are responsible for all equipment necessary to access the Service.

You must be at least 18 years of age to access and view.

3. YOUR REGISTRATION OBLIGATIONS- In consideration of your use of the Service, you agree to: (a) provide true, accurate, current and complete information about yourself as prompted by the Service's registration form (such information being the "Registration Data") and (b) maintain and promptly update the Registration Data to keep it true, accurate, current and complete. If you provide any information that is untrue, inaccurate, not current or incomplete, or ScrapDekho has apparent / reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, ScrapDekho has the right to suspend or terminate your account and refuse any and all current or future use of the Service (or any portion thereof). ScrapDekho is concerned about the safety and privacy of all its users.

4. SCRAPDEKHO PRIVACY POLICY- Registration Data and certain other information about you is subject to our Privacy Policy. For more information, see our full privacy policy at ScrapDekho Privacy Policy here.

5. MEMBER ACCOUNT, PASSWORD AND SECURITY- You will receive a password and account designation upon completing the Service's registration process. You are responsible for maintaining the confidentiality of the password and account, and are fully responsible for all activities that occur under your password or account. You agree to (a) immediately notify ScrapDekho of any unauthorized use of your password or account or any other breach of security, and (b) ensure that you exit from your account at the end of each session. ScrapDekho cannot and will not be liable for any loss or damage arising from your failure to comply with this Clause.

6. MEMBER CONDUCT- You understand that all information including data, text, software, photographs, graphics, messages or other materials ("Content"), whether publicly posted or privately transmitted, are the sole responsibility of the person from which such Content originated. You agree to not use the Service to: A. Upload, post, email, transmit or otherwise make available any Content that is unlawful, harmful, threatening, abusive, harassing, tortious, defamatory, vulgar, obscene, libellous, invasive of another’s privacy, hateful, or racially, ethnically or otherwise objectionable; B. Harm minors in any way; C. Impersonate any person or entity, including, but not limited to, a ScrapDekho official, forum leader, guide or host, or falsely state or otherwise misrepresent your affiliation with a person or entity; D. Forge headers or otherwise manipulate identifiers in order to disguise the origin of any Content transmitted through the Service; E. Upload, post, email, transmit or otherwise make available any Content that you do not have a right to make available under any law or under contractual or fiduciary relationships (such as inside information, proprietary and confidential information learned or disclosed as part of employment relationships or under nondisclosure agreements);F. Upload, post, email, transmit or otherwise make available any Content that infringes any patent, trademark, trade secret, copyright or other proprietary rights ("Rights") of any party; G. Upload, post, email, transmit or otherwise make available any unsolicited or unauthorized advertising, promotional materials, "junk mail," "spam," "chain letters," "pyramid schemes," or any other form of solicitation, except in auction related areas that are designated for such purpose; H. Upload, post, email, transmit or otherwise make available any material that contains software viruses or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications equipment; I. Disrupt the normal flow of dialogue, or otherwise act in a manner that negatively affects other users ‘ability to engage in real time exchanges; J. Interfere with or disrupt the Service or servers or networks connected to the Service, or disobey any requirements, procedures, policies or regulations of networks connected to the Service; K. Intentionally or unintentionally violate any applicable local, state, national or international law, L. "stalk" or otherwise harass another; or M. Collect or store personal data about other users. You acknowledge that ScrapDekho does not pre-screen Content, but that ScrapDekho and its designees shall have the right (but not the obligation) in their sole discretion to refuse or move any Content that is available via the Service. Without limiting the foregoing, ScrapDekho and its designees shall have the right to remove any Content that violates the GTC or is otherwise objectionable. You agree that you must evaluate, and bear all risks associated with, the use of any Content, and in all other parts of the Service. You acknowledge and agree that ScrapDekho may preserve Content and may also disclose Content if required to do so by law or in the good faith belief that such preservation or disclosure is reasonably necessary to: (a) comply with legal process; (b) enforce the GTC; (c) respond to claims that any Content violates the rights of third-parties; or (d) protect the rights, property, or personal safety of ScrapDekho, its users and the public. You understand that the technical processing and transmission of the Service, including your Content, may involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices.

7. CONDITION OF GOODS -

7.1 The goods are sold as and where they lie, on as is where is basis, the whole of the lot/lots shall be taken from the site of accumulation with all faults and errors in description. Otherwise the quantities, qualities, size or sizes, measurement, numbers and weights as stated in the auction floor and or in any delivery documents are only approximate and no guarantee or guarantees shall be implied. The goods are sold on the specific assumption that whether the bidders have inspected the lots or not the principle of Caveat-emptor will apply. No complaint will be entertained after sale.

7.2 Quantities made in the lot are approximate and ScrapDekho holds out no warranty as regards the quantity and fitness of the goods for any particular purpose. The value paid in auction is for the approximate quantity. Proportionate value for the quantity falling short in a lot at the time of delivery will be refunded to the buyer. Any quantity found excess in a lot over the approximate quantity mentioned in the auction floor will have to be taken by the buyer after depositing the proportionate amount along with the final instalment. In the event the materials are found in excess of the materials, specified in the sale order, the buyer will be allowed to deposit the balance amount within a reasonable time as may be determined by the seller in his sole and absolute discretion from the date of the incident of the removal as mentioned in the sale order, failing which, the buyer shall deposit such balance value with ground rent at the same rate mentioned elsewhere in the Terms & Conditions of the e-auction.

8. SPECIAL ADMONITIONS FOR INTERNATIONAL USE recognizing the global nature of the Internet, you agree to comply with all local Rules regarding online conduct and acceptable Content. Specifically, you agree to comply with all applicable laws regarding the transmission of technical data exported from INDIA or the country in which you reside.

9. CONTENT SUBMITTED OR MADE AVAILABLE FOR INCLUSION ON THE SERVICE -ScrapDekho does not claim ownership of Content you submit or make available for inclusion on the Service. However, with respect to Content you submit or make available for inclusion on publicly accessible areas of the Service, you grant ScrapDekho the following world-wide, royalty free and non-exclusive license(s), as applicable: With respect to Content you submit or make available for inclusion on publicly accessible areas of ScrapDekho, the license to use, distribute, reproduce, modify, adapt, publicly perform and publicly display such Content on the Service solely for the purposes of providing and promoting the specific purpose to which such Content was submitted or made available. This license exists only for as long as you elect to continue to include such Content on the Service and will terminate at the time you remove or ScrapDekho removes such Content from the Service. With respect to photos, graphics, audio or video you submit or make available for inclusion on publicly accessible area of the Service, the license to use, distribute, reproduce, modify, adapt, publicly perform and publicly display such Content on the Service solely for the purpose for which such Content was submitted or made available. This license exists only for as long as you elect to continue to include such Content on the Service and will terminate at the time you remove or ScrapDekho removes such Content from the Service. With respect to Content other than photos, graphics, audio or video you submit or make available for inclusion on publicly accessible areas of the Service other than ScrapDekho, the perpetual, irrevocable and fully sub licensable license to use, distribute, reproduce, modify, adapt, publish, translate, publicly perform and publicly display such Content (in whole or in part) and to incorporate such Content into other works in any format or medium now known or later developed. “Publicly accessible" areas of the Service are those areas of the ScrapDekho network of properties that are intended by ScrapDekho to be available to the general public.

10. INDEMNITY- You agree to indemnify and hold ScrapDekho, and its subsidiaries, affiliates, officers, agents, co-branders or other partners, and employees, harmless from any claim or demand, including reasonable lawyers' fees, made by any third party due to or arising out of Content you submit, post, transmit or make available through the Service, your use of the Service, your connection to the Service, your violation of the GTC, or your violation of any rights of another.

11. NO RESALE OF SERVICE- you agree not to reproduce, duplicate, copy, sell, resell or exploit for any commercial purposes, any portion of the Service, use of the Service, or access to the Service.

12. GENERAL PRACTICES REGARDING USE AND STORAGE- you acknowledge that ScrapDekho may establish general practices and limits concerning use of the Service. You further acknowledge that ScrapDekho reserves the right to change these general practices and limits at any time, in its sole discretion, with or without notice.

13. MODIFICATIONS TO SERVICE -ScrapDekho reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Service (or any part thereof) with 15 days’ notice. You agree that SCRAPDEKHO shall not be liable to you or to any third party for any modification, suspension or discontinuance of the Service provided such notice has been given to you.

14. TERMINATION -You agree that ScrapDekho, in its sole discretion, may terminate your password, account (or any part thereof) or use of the Service, and remove and discard any Content within the Service, for any reason, including, without limitation, for lack of use or if ScrapDekho believes that you have violated or acted inconsistently with the letter or spirit of the GTC. ScrapDekho may also in its sole discretion and at any time discontinue providing the Service, or any part thereof, with prior notice of 15 days. You agree that any termination of your access to the Service under any provision of this GTC may be effected without prior notice, and acknowledge and agree that ScrapDekho may immediately deactivate or delete your account and all related information and files in your account and/or bar any further access to such files or the Service. Further, you agree that ScrapDekho shall not be liable to you or any third-party for any termination of your access to the Service.

15. LINKS- the Service may provide, or third parties may provide, links to other World Wide Web sites or resources. Because ScrapDekho has no control over such sites and resources, you acknowledge and agree that ScrapDekho is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any Content, advertising, products, or other materials on or available from such sites or resources. You further acknowledge and agree that ScrapDekho shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such Content, goods or services available on or through any such site or resource.

16. SCRAPDEKHO'S PROPRIETARY RIGHTS- You acknowledge and agree that the Service and any necessary software used in connection with the Service ("Software") contain proprietary and confidential information that is protected by applicable intellectual property and other laws. You further acknowledge and agree that Content contained in sponsor advertisements or information presented to you through the Service or advertisers is protected or will be protected by copyrights, trademarks, service marks, patents or other proprietary rights and laws. Except as expressly authorized by ScrapDekho or advertisers, you agree not to modify, rent, lease, loan, sell, distribute or create derivative works based on the Service or the Software, in whole or in part. You agree not to access the Service by any means other than through the interface that is provided by ScrapDekho for use in accessing the Service.

17. DISCLAIMER OF WARRANTIESYOU EXPRESSLY UNDERSTAND AND AGREE THAT: A.YOUR USE OF THE SERVICE IS AT YOUR SOLE RISK. THE SERVICE IS PROVIDED ON AN "AS IS" AND "ASAVAILABLE" BASIS. SCRAPDEKHO EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHEREXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OFMERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.B. SCRAPDEKHO MAKES NO WARRANTY THAT (i) THE SERVICE WILL MEET YOUR REQUIREMENTS, (ii) THESERVICE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (iii) THE RESULTS THAT MAY BEOBTAINED FROM THE USE OF THE SERVICE WILL BE ACCURATE OR RELIABLE, (iv) THE QUALITY OF ANYPRODUCTS, SERVICES, INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOUTHROUGH THE SERVICE WILL MEET YOUR EXPECTATIONS,C. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM SCRAPDEKHOOR THROUGH OR FROM THE SERVICE SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED IN THEGTC.D. TIME DEFINITION CLARITY & RESPONSIBILITY (i) TIME FOR ALL PURPOSES IN THE CONDUCT OF THEAUCTION SHALL DENOTE THE TIME AS REGISTERED IN THE SCRAPDEKHO EAUCTION SYSTEM. THE TIMEAS DISPLAYED BY THE SYSTEM SHALL FOR ALL PURPOSES BE FINAL AND BINDING. (ii) ALLCOMMUNICATION SHALL BE DEEMED TO HAVE BEEN COMPLETE AS AGAINST THE BUYER/SELLER ASSOON AS THEY ENTER THE RESPECTIVE PARTY'S SYSTEM RESOURCES. FOR THE PURPOSE, THERESPONSIBILITY OF MAINTAINING THE SYSTEM'S RESOURCES AT THE PARTY'S END SHALL BE THAT OFTHE PARTY CONCERNED.

18. LIMITATION OF LIABILITYYOU EXPRESSLY UNDERSTAND AND AGREE THAT SCRAPDEKHO SHALL NOT BE LIABLE FOR ANY DIRECT,INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING BUT NOTLIMITED TO, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES(EVEN IF SCRAPDEKHO HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), RESULTING FROM:(i) THE USE OR THE INABILITY TO USE THE SERVICE; (ii) THE COST OF PROCUREMENT OF SUBSTITUTEGOODS AND SERVICES RESULTING FROM ANY GOODS, DATA, INFORMATION OR SERVICES PURCHASEDOR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO THROUGH OR FROM THESERVICE; (iii) UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OR DATA; (iv)STATEMENTS OR CONDUCT OF ANY THIRD PARTY ON THE SERVICE; OR (v) ANY OTHER MATTERRELATING TO THE SERVICE.

19. EXCLUSIONS AND LIMITATIONSSOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATIONOR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES.

20. SPECIAL ADMONITION FOR SERVICES RELATING TO FINANCIAL MATTERS- If you intend to create or join any service, receive or request any news, messages, alerts or other information from the Service concerning companies, please read the above Clauses 17 and 18 again. They go doubly for you. In addition, for this type of information particularly, the phrase "Let the investor beware" is apt. The Service is provided for informational purposes only, and no Content included in the Service is intended for trading or investing purposes. ScrapDekho and its licensors shall not be responsible or liable for the accuracy, usefulness or availability of any information transmitted or made available via the Service, and shall not be responsible or liable for any trading or investment decisions made based on such information.

21. NOTICE Notices to you may be made via either email and/or regular mail/SMS /Whatsapp. The Service may also provide notices of changes to the GTC or other matters by displaying notices or links to notices to you generally on the Service.

22. GENERAL INFORMATION- The GTC constitute the entire agreement between you and ScrapDekho and govern your use of the Service, superseding any prior agreements between you and ScrapDekho. You also may be subject to Special Terms and conditions that may apply when you use affiliate services, third-party content. The GTC and the relationship between you and ScrapDekho shall be governed by INDIAN laws without regard to its conflict of law provisions. You and ScrapDekho agree to submit to the personal and exclusive jurisdiction of the courts located within the city of Kolkata, West Bengal. The failure of ScrapDekho to exercise or enforce any right or provision of the GTC shall not constitute a waiver of such right or provision. If any provision of the GTC is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavour to give effect to the parties ‘intentions as reflected in the provision, and the other provisions of the GTC remain in full force and effect. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Service or the GTC must be filed within one (1) year after such claim or cause of action arose or be forever barred. The auction shall be closed at the scheduled time as stipulated in each case unless it is extended by the process of auto-extension as explained in Clause 3.3under BUYER SPECIFIC TERMS & CONDITIONS. On expiry of the auto-extension period by the system, message AUCTION IS CLOSED will be displayed which will be construed that the particular lot(s)/ auctions closed for bidding. The clause titles in the GTC are for convenience only and have no legal or contractual effect.

23. AUTO CANCELLATION OF BUYER REGISTRATION- In case any Buyer fails to make the payment towards Registration Fees to SCRAPDEKHO within 30 days from the date of his registration, then the registration is automatically cancelled. He can, however, re-register himself for the purpose of paying Registration Fees and activate his account for participation in the forthcoming auctions.

24. AUTO DEACTIVATION- If any account is deactivated for non-compliance of any Terms & Conditions of the E-auction, then the registration fees for that account will stand forfeited. In case the same party wants to re-register himself, he shall be required to pay a penalty to be decided by SCRAPDEKHO Management. However, the acceptance of such re-registration fees shall be at the sole & absolute discretion of SCRAPDEKHO.

25. INTEGRITY PACT Applicable for Tender / Auction / e-Auction /OCB /Market updates.

26. VIOLATIONS please report any violations of the GTC to the Dealing Department.

27. Debarment / Black-Listing The Seller/Client and/or SCRAPDEKHO reserve the right to black-list, debar any bidder/buyer due to any act of omission or commission or fraudulent acts indulged or caused to be indulged by such bidder/buyer in the course of bidding process and/or in the execution or performance of any of the contracts which may be awarded to the bidder/buyer pursuant to the e-Auction, provided however, that the Seller and/or SCRAPDEKHO shall be obliged to allow an opportunity of being heard to such bidder/buyer before any order of black-listing/debarment could be passed. Any such order of black-listing/debarment that may be passed by the Seller and/or SCRAPDEKHO shall be without prejudice to other right of actions available to the Seller and/or SCRAPDEKHO against the bidder/buyer under the e-Auction Terms & conditions.

28. Subject to the reserve price, if any, fixed by the SELLER/CLIENT and subject to the terms and conditions set out herein, sale shall be made to the HIGHEST BIDDER /LOWER BIDDER on “S IS WHEREIS B SIS” and “NO COMPL INT B SIS.” The Seller does not undertake any responsibility to procure any permission/license etc. in respect of the auction property offered for sale.

29. SELLER reserves the right to modify and amend the terms & conditions and announce the same at any time before the auction concludes. Announcements during the auction on the website including announcement of any additional conditions OR correction in the catalogue and/or additions or deletions of items being offered for sale are being done with the consent and knowledge of the Seller, and it is binding on the bidder. Bidders are advised in their own interest not to leave auction room till the entire auction is closed.

30. Participation and bidding in this Auction shall be treated as conclusive evidence of the fact that the bidder has inspected the Auction Property and the documents pertaining to it and is satisfied in all respects regarding quantity, quality, condition of the Auction property, taxes, and other extraneous factors and the Principle of Caveat Emptor (let the buyer beware) will apply. It shall also imply that the bidder has carefully gone through and understood the terms and conditions of Auction including the amendments if any, prevailing at the time of Auction. Seller/ScrapDekho will not entertain any complaints or objections once Bid is placed. Final decision regarding participation shall rest with the Seller.

31. Seller/ScrapDekho does not give warranty or guarantee of the quality, quantity, measurement, condition Chemical composition of each individual item/s or lot/s that form the auction property and about its “End Use” or fitness for a particular purpose.

32. The highest bidder does not get any right to demand acceptance of his offer. SELLER reserves the right to accept/ reject/ cancel any bid, withdraw any portion of the Auction Property at any stage from Auction even after acceptance of bid/ issue of delivery order or release order/ deposit of full value by successful bidder without assigning any reason thereof. In the event of such rejection/ cancellation/withdrawal, SELLER, shall refund the value of Auction Property, if paid for, to the successful bidder. SELLER shall not be responsible for any damages/loss whatsoever to the successful bidder on account of such withdrawal.

33. EMD amount will not carry interest.

34. In the event of failure on the part of the successful bidder to fulfil his contractual obligations, Seller/ ScrapDekho reserves the right to debar such bidder from participating in any future auction conducted by ScrapDekho on behalf of Seller.

35. GST introduced by Government of India: A. Bidders participating in ScrapDekho Auctions should verify with the selling companies about the tax structure and ascertain themselves of the new tax rates and other statutes in place. Any disputes shall be clarified by the Bidders directly with the selling clients and ScrapDekho is not responsible for any form of misunderstanding or dispute on the applicable taxes. ScrapDekho is only an E-Commerce Service Provider and has minimal knowledge arising out of any changes in applicable tax rates that are promulgated by the Government from time to time.