Scrap Sale Agreement Format

October 6, 2021

4.1 This agreement covers the disposal of all scrap metal, the generation of secondary waste, surplus stocks and equipment, other items, etc., as set out in clause 2.0 above; 7.8 CSTM enters into sales contracts with successful bidders/buyers/customers by issuing sales orders/acceptance letters on behalf of the procuring entity through the sold lot system. 8.7 MSTC makes available to the customer its general conditions of sale of materials. The contracting authority will not insist on MSTC for derogations from the standard conditions of sale of CSTM. 1. If an organization has more than one unit, the sales of all units shall be added together for the calculation of the service fee. 3. The seller shall enter into an agreement with the master of the ship for the carriage and delivery of the above-mentioned goods in the Indian port. 2. The seller sends these goods to the buyer through the indicated vessel, whose information about the ship and the date of its arrival at the port of dispatch in India is sent to the buyer. 4.3 MSTC presents itself as a sales agent for the disposal on the local/local market of all goods covered by clauses 4.1 and 4.2 through a public auction on the internet via www.mstcecommerce.com on the basis of this agreement. Sellers who plan to use CSTM`s services with respect to electronic auction to complete their assignments must sign a specific and formal sales agency agreement with CSTM in the following lines or as close as circumstances permit. 4.2 In addition to the above-mentioned agreements, this Agreement may, by mutual agreement, provide add-ons to the category of assignments. CSTM must obtain prior authorization from the principal to initiate legal proceedings for any matter resulting from a sale/sale under this agreement.

7.9 CSTM accepts offline the sale price/money to be transmitted to the client. Successful buyers have the option to transfer their money to one of CSTM`s offices. Contracting entities can access payment data, etc. on the site. 8.6 If the instructing party is a trader registered under the relevant Turnover Tax Act, the contracting authority will declare the tax rate for each lot, but MSTC collects at its end the VAT forms and other necessary explanatory documents, etc., and forwards them to the client so that the necessary measures can be taken at the end. If the payer is not a registered trader, the contracting authority cannot declare the unit rate, in which case CSTM would indicate the rate and collect it and file it with the competent authority for which the additional service charges are to be paid, as set out in clause 7.10 below. However, in the case of such unregistered procuring entities for which MSTC files taxes with the competent authority, the procuring entity would be required, in such cases, to bear all other related taxes and statutory taxes, for example.B turnover tax/mark-ups that could not be levied by the buyers under the law of the State concerned. However, the principal must indicate the item for which excise duty is levied and the amount/rate of excise duty to be collected. 7.1 MSTC carries out the auction directly and under no circumstances is the order of a distributor/seller/auctioneer taken into account for this purpose. 8.2 The procuring entity shall, as far as possible, indicate, for each category, the annual availability of scrap metal and other waste. The auction program is concluded between CSTM and Principal for each quarter, according to mutual comfort.

Depending on their convenience, Principal will combine the list of disposable items from its different units. 9.4 Where an auction is cancelled/postponed on the advice/instructions of the procuring entity, the actual cost of advertising, etc. . . .

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