Bangalore, Aug. 22: In this regard, General Manager of Food Corporation of India B.O.Maheshwarappa told, Food Corporation of India, Regional Office, Bangalore is offloading RICE (RAW/Boiled) lying at its various Depots to Traders / Empaneled bulk buyers/ Manufacturers of RICE products for sale under the Open Market Sale scheme OMSS(Domestic) via e-auction on every Wednesday for which the tenders will be uploaded on preceding Friday on M/s M junction portal (http://www.valuejunction.in/fci).
Sale of Rice under OMSS(D) has a motive of keeping the retail price under check. Govt. of India has fixed the reserve price of Rice at Rs 2,800/- per quintal (w.e.f. 01.08.2024 to 31.03.2025) for all crop years excluding transportation cost and taxes. Incremental cost (Fortification cost) of Rs.73/- per quintal shall be added to the reserve price for Fortified Rice. APMC fees 0.60% is payable on the sale price.
Bidder has to electronically deposit EMD calculated @ 5% of the cost of stocks intended to be purchased before 2.00 PM on TUESDAY every week (Day before the e-auction date) and the e-auction will be conducted from 11.00 AM to 2.00 PM every WEDNESDAY by M-Junction.
The EMD deposited by the successful bidders shall be adjusted towards the cost of stocks and applicable taxes. The successful bidder(s) shall deposit remaining cost of the stocks along with applicable taxes within seven (07) working days from the next date of e-auction. The buyer shall complete the lifting within fifteen (15) days from the next date of e-auction.
CONDITIONS FOR THE BUYERS:
1)
Buyers can bid for a minimum of 1 MT and maximum bidding quantity per bidder for all the depots put together in a single e-auction of rice in a region shall not exceed 2000 MT.
2)
Against one PAN number, only one participation is allowed in one bid in a region, in each weekly auction, irrespective of the number of firms registered or multiple GST under the same PAN or the number of Branch offices in different states, subject to the maximum quantity that a buyer can bid under the policy guidelines.
3)
The bidder (s) shall participate in the e-auction separately for each Region against the GST/Trade Tax registration of any State/UT.
4)
The tenderer would be required to submit the following necessary documents to support his qualification as Traders /empaneled bulk buyers/ Manufacturers of RICE products with M/s M Junction Services Limited:
A)
Self-attested copy of the current GST/TRADE TAX REGISTRATION
b)
Self-attested copy of PAN issued by Income Tax Department.
C)
Self-attested copies of the latest Annual balance sheet and profit & loss account duly audited by a Chartered Accountant.
d)
An Undertaking on a non-judicial stamp paper of Rs. 100/- that the RICE so purchased from FCI under OMSS (D) will be utilized domestically and will not be exported by the bidder, RICE purchased will not be resold to the State Govt/State Govt Agencies & Cooperatives and to other Rice millers.
E)
(1) Firm’s canceled check in case of Proprietorship firm/HUF
(2) In case of partnership firms,
i.
Firm’s canceled cheque.
ii.
Partnership deed.
iii.
Special power of attorney by all partners for authorized person who deals with FCI and M-Junction.
(3) In case of Limited Company,
iv.
Firm’s canceled cheque.
v.
MOU.
vi.
Resolution by Board of Directors for authorizing a person who deals with FCI and M-Junction.
Fees mentioned in M-Junction portal:
1) Registration fees – Rs. 1000/-
2) Training fees – Rs. 1500/-
3) Renewal fees – Rs. 500/-
The bidders can contact M-junction help desk at 1800 102 7136 in case of any queries with regard to their registration in M-junction portal.
Reserve Price including Transportation Cost in Karnataka:
Fortified Rice: Rs. 2932 – Rs. 3287 per qtl.
Non-Fortified Rice: Rs. 2859- Rs. 3214 per qtl.
