ICICI Bank TW 4W West India Online Auction
ICICI Bank TW 4W West India Online Auction
ICICI Bank TW 4W 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 20th July 2020
Auction Start Time :11:00
Auction Close Time :15:00
Region: West India
Product : TW 4W
Auction Type:Closed
Parking Charges applicable as per sellers T&C
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
ad/shop certificate)
1&32 ,1096A ,
mbai -400018
25. Above TATA motors showroom
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.
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 .
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.
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.
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.
etter from the buyer and should carry copies of all relevant documents required.
tion against me/us.
eposited against the said asset will be forfeited and Bank will not be liable