*LOTS WILL BE INVOICED AT 92INR=1GBP*

Sale Closes: Monday 11th November at 1:30pm (GMT) / 7:00pm (IST)

Online Auction Process

Lots with the minimum price achieved will display

‘Reserve met’

Lots with the minimum price not achieved will display

‘Reserve not met’

During the last 5 minutes of the Sale each Lot is subject to a

5 minute time extension

If you are outbid, you will receive an email notification to

increase your bid

Key Terms of Sale

 For all Domestic On Site Enquiries please contact - 

Arjun 00 91 9540881237 / Malikarjun 00 91 8130896779

IMPORTANT NOTICE: A Security Deposit (EMD) is required in order for you to be able to Bid. Upon receipt of the Security Deposit (EMD) you will be approved to bid.

Deposit - A Security Deposit of £1,000 GBP Sterling is required from all Global Bidders.

An EMD of 100,000 INR is required from all Domestic Bidders. Once your Deposit has been received you will be approved to be able to Bid in the Sale. You will not be eligible to Bid without a Deposit being received by JCB India, so please allow time for the Bank Transfer.

PLEASE CLEARLY STATE YOUR INDIVIDUAL OR COMPANY NAME ON THE BANK REFERENCE TOGETHER WITH THE REFERENCE ‘AUCTION’

Account Name: JCB India Ltd

Beneficiary Address: JCB India Ltd, 23/7 Mathura Road, Ballabhgarh, Haryana

Bank Name: Barclays Bank PLC

Bank Account Number: 000003988961

MICR Code of Bank: 110658002

IFSC Code: BARC0INBBIR

SWIFT Code: BARCINBBMUM

If you are unsuccessful in Bidding, your deposit will be returned by JCB India (within 2 weeks from the Sale Closing) to the original account from which the deposit was received and without any interest, through electronic transfer. Requests to transfer monies to any other account will not be entertained.

In order to Bid we also require your PAN Card Number and (GST Registration Certificate) if applicable, with the proof to be emailed to india@amsauctions.co.uk

Bidding Currency: GBP Sterling

Invoicing: AMS will issue a Proforma Invoice to the registered bidder who is successful in the bid. Domestic buyers will be issued invoices in INR with Export buyers issued an Invoice in GBP Sterling. Upon receipt of full payment JCB India will issue a Sales Invoice to the registered bidder who is successful in the bid.

GST: Global Buyers will be invoiced at Zero Rate with proof of Shipping Documentation and any supporting paperwork (requested by AMS or JCB India.) Domestic Buyers will be invoiced at the applicable GST Rate, (together with necessary Local Taxes as applicable.)

Lots: All items Sold as Seen, no warranty implied or given.

Viewing Locations:

JCB India, 23/7 Mathura Road, Ballabgarh, Delhi.

JCB India, Talegaon, Dabhade, Pune.

Viewing: Monday 4th - Friday 8th November 2019, 10am - 4pm Local Time. Buyers must report to JCB Security when viewing. Buyers are advised to inspect any Lot for which they intend to bid. All visitors attending onsite are required to comply with Health and Safety regulations.

Online Auction Closes: Monday 11th November 2019, 1:30pm (GMT) / 7:00pm (IST).Subject to time extensions, If a bid is placed in the last 5 minutes the lot will continue for a further 5 minutes until no further bids are placed.

 Payment and Collection: By no later than 1pm on Friday 22nd November 2019. Ex Works collections from relevant location. Buyer is responsible for the removal and transportation of Lots purchased in Auction. Purchaser is responsible for all onward shipping costs/taxation/export duties.

In the event that a successful bidder fails to comply with the specified payment terms, the Deposit/EMD, will be forfeited and the Bid would stand cancelled.

Shipping Enquiries:

Vikram Katre at 20 Cube Logistics, Gurgaon, India - 00 91 124 4412230

Please Note: Your highest bid will be treated as a valid bid even if at the time of placing it the Reserve is not met.

Asset Management Services (UK) Limited provide the online bidding service ‘as is’ and without any warranty or condition, express, implied or statutory. Without limiting the foregoing, we accept no liability for any failures, delays or errors caused by interruptions in the availability of the online bidding service or our website or any errors or defects in their content or functionality, any software and/or hardware defects (whether the potential Buyers or Asset Management Services (UK) Limited) and or any internet connection problems (whether the potential Buyers or Asset Management Services (UK) Limited) and Asset Management Services (UK) Limited do not represent or warrant that the Asset Management Services (UK) Limited website or online bidding platform will be error free, virus free, or that any defects will be corrected.

A reliable/stable broadband internet service connection is highly recommended to achieve the best bidding experience. If, however, you are unsure of the reliability/stability of your internet connection, please use the maximum bid facility.

Bidders are advised to periodically refresh their bidding page to avoid any unforeseen interruptions within the bidding system and/or browser.

Computer system requirements: You can use a PC, Mac Tablet or smartphone, if you are using Internet explorer it must be IE9 or above. To listen to live audio, you will need Adobe flash player. Your system should be up to date with the latest updates from Microsoft, Apple or your operating system vendor. Adobe reader is required for PDF report.