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Registration Procedure For e-Auction on MSTC

Apr 11 2024

Customer Registration Procedure for e-Auction

To register for e-Auction, customers can follow these steps:

  1. Online Registration:

    • Visit MSTC’s website here and navigate to "New User."
    • Select "Buyer" and fill out the Buyer Registration Form, providing mandatory details like email address and Income Tax PAN number.
    • Agree to the General Terms & Conditions (GTC) and Buyer Specific Terms & Conditions (BSTC).
    • Generate a unique User ID and Password during the online registration. Note that MSTC will activate your password after completing offline registration.

  2. Registration for Hazardous Waste Items:

    • For items like batteries, waste oil, or specified non-ferrous metal wastes, ensure you have valid registration certificates from both the State and Central Pollution Control Boards. Register the relevant hazardous waste item during online registration.

  3. Confirmation Email:

    • After successful online registration, you'll receive an auto-email Confirmation Letter with your Buyer Registration Details. Download, sign, and submit this letter to MSTC to complete offline registration.

  4. Offline Registration Formalities:

    • Submit the following documents to MSTC offline:
      • Income Tax PAN Card (Original & Photocopy)
      • Photocopy of Latest Income Tax Return
      • Sales Tax Registration Certificates (Original & Photocopy)
      • Original documents for verification
      • Registration Fee of Rs. 10,000/- + 12.36% Service Tax by PO/DD favoring MSTC Ltd.
      • Signature verified by the bank on Bank’s Letter-head (for Proprietorship/Partnership Firms)
      • Two Passport-size Color Photographs
      • Notarized Photocopies of Valid Registration Certificates from Central and State Pollution Control Boards for Hazardous Waste Items (if applicable)
      • Copy of the email Confirmation Letter received from MSTC after successful online registration

Notes for Customers:

  1. Upon completing all online and offline registration formalities, MSTC will activate your password.
  2. For Hazardous Waste (HW) Items, your password will be activated upon submission of valid SPCB and CPCB Certificates within the specified time.
  3. Regular information about upcoming e-Auctions will be sent to your registered email ID.
  4. Ensure your email address is valid for all communications.
  5. Bidders must carefully review and confirm their bids before submitting them.
  6. A warning will be displayed if a bid is five times higher than the current highest bid.
  7. Check the "Auction Lot Status" immediately after the e-Auction closing to see if you've won any lot.
  8. Sale terms will be governed by the Special Terms and Conditions displayed on the "Live" e-Auction floor. Download a copy for your records

MSTC (Metal Scrap Trade Corporation) is a government-owned e-auction portal where users can bid on various items such as metal and non-metal scrap, immovable properties, bank NPA assets, and more. This guide will help you understand how to search, register, and participate in auctions on MSTC.

How to Search in MSTC?

  1. Open the MSTC website: https://www.mstcecommerce.com/

  2. Go to the 'e-Auction' section

  3. Select 'General Auction' or the relevant category

  4. Enter the CAPTCHA and proceed

  5. View the tender list and their details

How to Do Catalog Search?

  1. Click on the 'Auction Catalog' section on the website

  2. Choose the auction category: Metal, Scrap, Property, etc.

  3. Read the terms and conditions

  4. After logging in, you can view photos and more details

Registration

To place bids on MSTC, you must register as a buyer or seller.

How to Register as Buyer / Seller?

  1. Visit the MSTC website and click on 'New Registration'

  2. Select either Buyer or Seller option

  3. Enter your mobile number and email ID, verify via OTP

Types of MSTC Registration

  • General Scrap Auction

  • Property Auction (E-Vikray)

  • Bank NPA Assets Auction

Registration Process

  1. Choose either individual or company profile

  2. Fill in your name, address, pin code, GST (if applicable)

  3. Enter bank details (Account Number, IFSC Code)

  4. Choose a user ID and verify via OTP

  5. Pay the registration fee (via NEFT / RTGS)

  6. A confirmation link and password will be sent to your email

Log-in Process

  1. Open the MSTC portal

  2. Enter your user ID and password

  3. An OTP will be sent to your email, enter it to continue

  4. After successful login, the bidding interface will appear

MSTC Interface

  • Use the search option to find the Bid ID

  • Click on 'View Live Auction'

  • Check the auction date and time

Live Auction

  • At the scheduled time, go to the 'Live Auction' section

  • Begin the bidding process

How to Do EMD Payment?

  1. After registration, transfer the EMD amount to MSTC via NEFT/RTGS

  2. Enter the transaction details on the MSTC portal

  3. Only after EMD verification will you be allowed to place bids

MSTC Popup

  • Important updates like auction schedules and login notices often appear as popups on the MSTC page — always read them carefully.

Role of Leegal (Paid Third-party Consultant)

  • Leegal is a third-party consultant offering services such as bidding support, registration assistance, documentation, and EMD management for MSTC auctions.

  • They also help with alerts, reports, and general auction guidance.