ICICI Bank 4W North 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 31th Dec 2024
Auction Start Time :11:00
Auction Close Time :14:00
Region: North India
Product : 4W
Auction Type:Closed
Parking Charges applicable as per sellers T&C

For New Buyer Registration

KYC Docs
PAN Card
Bank Statement
Address proof (Electricity Bill/Credit Card Statement/Land line Bill etc.)
Contact proof (mobile bill)
Business proof (visiting card/letter head/shop certificate)
KYC Declaration
Demand Draft of Rs. 21,800/- in favour of "CarTradeExchange solutions private Limited".
Cross Cancel Chq required

Address to send CTESPL Deposit:

CarTradeExchange solutions private Limited
Sprint Co-Work , Unit No - 320,
Office no 3 & 4, the centrium
pheonix mall, kurla west, Mumbai - 400070

CTESPL Deposit Policy

CTESPL Deposit would be compulsory for all online auctions on Cartradeexchange
Amount of CTESPL Deposit would be Rs.21,800 per member
Buying limit would be 10lacs for Rs.21,800 deposit.
Once CTESPL Deposit received from the member, the same would be encashed by Cartradeexchange
Refund of CTESPL Deposit to be done by Cartradeexchange in the form of cheque
CTESPL Deposit would be colleCTESPLd in the form of a Demand Draft
Forfeiture of CTESPL Deposit would happen even on a single default by the member
Forfeiture amount would be Rs21,800
On default and forfeiture buyers ID would be deactivated
Reinstation of ID will attract reactivation fees of Rs.11,800/- and also additional Rs.10000/- of deposit for participating in future auction
CTESPL Deposit is fully refundable to the member on fulfilment of all the transactions. If the member desires he can keep the deposit to us a
CTESPL Deposit is fully refundable if non fulfilment of vehicle happens due to seller side reason. The same to be refunded after confirmation
CTESPL Deposit is refundable to the buyer only after six month and on fulfilment of all the transactions in all auctions.
In case of any default, the buyer will not be allowed to participate in any auction unless he pays the deposit of Rs.21,800 again.
Deposit made with "CarTradeExchange solutions private Limited". For participation in online auction is non interest bearing.

ICICI TERMS & CONDITIONS:

1. All vehicles are listed for sale on “As is where is” basis. Buyers / bidders are required to inspect the vehicles thoroughly and
2. In rare cases when bids are placed by mistake, Buyers / bidders are required to inform the same to before the close time of
3. For all pre-approved listings, upon winning the vehicle, winning buyers / bidders are required to reach out to the respective
4. Incase winning buyers / bidders are facing issues in making payments to local bank branches; they are required to inform /
5. The following cases will not be accepted as reason for non-payment and will be treated as payment defaults and breach of
6. All winning buyers / bidders are requested to proactively provide receipt numbers for the payments made to the bank. This
7. Vehicle photos and details are for reference and indicative. will not be responsible for any information mismatch. We reque
8. Bidder should clarify all the queries related vehicle/documentation with branch representative of the seller.
9. Request for Buying Limits will be subject to fulfillment of earlier transactions. No request will be entertained during auction
10. Photographs indicative and for reference purposes only.
11. Parking Charges As per Seller T&C.
12. Winning Bidders need to submit undertaking to ICICI Bank in the given format on Rs 200 (or as per State Stamp Act) bond
13. The vehicles are used, pre-owned assets belonging to the delinquent customers of Seller or the seller himself.
14. Bidding on any asset shall be treated as conclusive evidence of the fact that the bidder has physically inspected the vehicle
15. Pending Taxes & Duties if any, as applicable shall be paid by the buyer.
16. Additional taxes applicable on transactions as per existing Govt. Of India rules. Please refer to seller for details.

Terms & Conditions for participation:

1. Payment to be made to ICICI Bank within 5 working days of being declared the winner. Any delay after 5 working days, ICICI
2. The bidder confirms that he has inspected the asset, is fully aware that it is a 'As-is-where-is' basis sale and that he/she cann
3. ICICI Bank will issue Release Order only after clearance of payment / updation in customer statement of account.
4. ICICI Bank bears the parking charges of the asset till the date of sale plus one day. i.e. money deposit date + 1day. Buyer is r
5. On any delay by the buyer in taking delivery of the asset after the date mentioned in the Release Order, the buyer is liable t
6. Buyer to submit to ICICI Bank, the following at the time of making payment : a) Original identity proof and PAN card for scru
7. Buyer to also furnish ID copies at time of taking release order at ICICI Bank and while taking delivery of asset at stock yard.
8. Buyer is allowed to depute any third party to make payment or take Release Order or take delivery of asset. However, the s
9. I/ we confirm that I/we are not employees of ICICI Bank.
10. I/we confirm that I/we do not have any criminal case/s filed on me/us in any court or Police station under any jurisdiction
11. In case, it is discovered by ICICI Bank at any point of time that there is /are criminal case/s against me/us and any stateme
12. ICICI Bank reserves right to stop delivery of the vehicle at any given point even after bidder / winning buyer has deposited
13. ICICI Bank also holds right to recall sold vehicle from the bidder / winning buyer if any legality is identified later on. Bidder
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 b
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 ab
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 ta
21. Issuance of Form 36 will be under the full discretion of ICICI Bank
22. ICICI Bank will not share it's customer(s) KYC documents
23. TCS return certificate shall be made available on Quarterly basis
24. RTO tax pendency if any in case of commercial, T-permit, Yellow board or any other vehicle where tax is pending, same are
25. Buyers are required to get the vehicle transferred in their name within a period of 60days from the date of receipt of NOC

26. Vehicles can be re-called for removal from listing 1 day prior to scheduled auction and t
27. Any asset appearing in list doesn’t indicate approval not received and bidders shall not provide any excuse of appeared in auction list whi
28. Enclosed Declerataion format of relase letter to be taken on
29. For RTO Penalty details you can check @ https://mahatrafficechallan.gov.in/payechallan . If any RTO penalty is their it will be paid by bu

ICICI TERMS AND CONDITIONS.

1) All commercial and T permit yellow board vehicles or any other asset where RTO tax pending, are to be cleared by prospective buyers in a
2) Receipt of such taxes paid by buyer are to be produced at respective lead location while collecting release order / delivery order
3) Asset release order shall not be provided until tax receipt are produced by buyer.
4) Yard cost or parking cost shall remain same i.e. money deposit date + 1 day shall be borne by bank. Any further delay are to be borne by b
5) Post issuance of NOC / TTO set for the asset lifted by buyer, ownership transfer needs to take place within TAT of 60days. Any delay may

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

This is with reference to the Finance Act, 2020 introduced for Tax Collection at Source (TCS) on sale of goods to be effective from October 1

Before this new provision for sale of goods, TCS on sale of a motor vehicle was already existing in the Act u/s.206C(1F) and hence new prov

· Existing provision u/s.206C(1F) for TCS on sale of a motor vehicle provides that, 1% TCS (0.75% till March 31, 2021) shall be collected

· However, in all cases where sale value per motor vehicle does not exceed Rs.10 lakhs but aggregate amount of consideration received

Accordingly, in all such cases where sale value per motor vehicle has not exceeded Rs.10 lakhs but aggregate amount of consideration recei

MXC Contact details:

022-66247070
Anuj Kumar 9958769761
Gourav Pant 7011195412
Rahul Kumar 8810634651
Ramkrishan Ganga Dhar 9540422292
Naresh Kudalkar 9324343416
Mohd Ali 9004957377
 Mohd Wasim Mohd Suleman Shaikh 8898600974
Virendra Chaurasiya 7497975770

LAN Make Model REGISTRATI

LAKTL000382 TATA MONexon XM1.5 RTQ BS4 HR08Z7467
LACHD000340FORD IN Ford Figo Aspire CH02AA695
LUZMO000419Renault Duster RXL CH01AS571
LAZIP000322 TATA MOTATA INDICA V2 LS PB01A7084
nline Auction

by Cartradeexchange
s.10000/- of deposit for participating in future auction
ons. If the member desires he can keep the deposit to us as a security for the next auction
er side reason. The same to be refunded after confirmation received from the seller
of all the transactions in all auctions.
nless he pays the deposit of Rs.21,800 again.
n in online auction is non interest bearing.

s are required to inspect the vehicles thoroughly and do necessary due diligence with the appropriate regional transport office (RTO) befo
quired to inform the same to before the close time of the listings. Once the listing is over, winning buyers / bidders are liable to make paym
s / bidders are required to reach out to the respective bank branches to make payment for the vehicles agreed to be purchased / won by t
to local bank branches; they are required to inform / ICICI Bank representatives through email ONLY. In the absence of such emails, the sa
nd will be treated as payment defaults and breach of terms and conditions: a) Year of manufacturing / asset details discrepancy b) Parts m
pt numbers for the payments made to the bank. This will avoid blocking of IDs by resulting from non-availability of payment information.
responsible for any information mismatch. We request all buyers to inspect the vehicles and confirm the details by themselves before bid
th branch representative of the seller.
ctions. No request will be entertained during auction.

n format on Rs 200 (or as per State Stamp Act) bond paper before making payment for Repo sale cases.
customers of Seller or the seller himself.
ct that the bidder has physically inspected the vehicles and is aware of its real condition, its documentation / legal status as per RTO recor

dia rules. Please refer to seller for details.

ared the winner. Any delay after 5 working days, ICICI Bank reserves the rights to accept or reject the payment.
t 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 made.
pdation in customer statement of account.
us one day. i.e. money deposit date + 1day. Buyer is required to take delivery on the same day of getting Release Order.
mentioned in the Release Order, the buyer is liable to bear the parking charges as applicable as per rules and policy of each yard. ICICI Ba
ment : a) Original identity proof and PAN card for scrutiny by ICICI Bank. b) Self attested photocopies of both. c) Valid winning letter copy c
Bank and while taking delivery of asset at stock yard.
elease Order or take delivery of asset. However, the same shall be allowed only to a pre-authorized person of the buyer. The authorized p

s in any court or Police station under any jurisdiction in India.

s /are criminal case/s against me/us and any statement made herein above are incorrect, the bank or its agent or its assignees reserves th
oint even after bidder / winning buyer has deposited the winning price, bidder / winning buyer will be refunded winning price in such case
ning buyer if any legality is identified later on. Bidder / winning buyer and auction portal will provide all the required help in such case(s). M

hin 45 days from the date of the payment deposition by the buyer / bidder, his/her claim on the said asset will cease to exist. In addition, th
ale Value + GST + Cess + any other Applicable Taxes
e, am/are liable to pay TCS or any other taxes over above the bidding amount.
ay the difference amount.

entertained by bank and I/We undertake to pay any taxes as applicable that Government, may impose over and above the Base sale value

rd or any other vehicle where tax is pending, same are to be cleared by buyer and need to produce tax receipt challan during release form
n a period of 60days from the date of receipt of NOC. If ownership not transferred within said period, a reminder notice with a TAT of 15d

1 day prior to scheduled auction and this should not be an excuse by bidder for non-payment as ve
shall not provide any excuse of appeared in auction list while making payment. Decision pending and shall be removed prior to auction if any.

payechallan . If any RTO penalty is their it will be paid by buyers.

TO tax pending, are to be cleared by prospective buyers in addition to the approved payments made by them.
tion while collecting release order / delivery order

hall be borne by bank. Any further delay are to be borne by buyer itself. No deviation shall be entertained.
er needs to take place within TAT of 60days. Any delay may result in issuance of 2 reminder notice to buyer for a TAT of 30days (fortnightly) post which bid

O and Pay tax ,arrears if any and deposit such confirmation and tax payment receipt to bank
nd Tax payment receipt , ICICI Bank will release asset to Buyers .

ource (TCS) on sale of goods to be effective from October 1, 2020, there’s an insertion of sec.206C(1H) in Income-tax Act, 1961 (the Act)

lready existing in the Act u/s.206C(1F) and hence new provision for sale of goods excludes TCS on sale of a motor vehicle. In this regard, the Central Boar

s that, 1% TCS (0.75% till March 31, 2021) shall be collected from a buyer if value of a motor vehicle being sold exceeds Rs.10 lakhs. Thus, all motor vehic

Rs.10 lakhs but aggregate amount of consideration received from sale of motor vehicles to a buyer has exceeded Rs.50 lakhs during a financial year, TCS

ed Rs.10 lakhs but aggregate amount of consideration received from sale of motor vehicles to a buyer has exceeded Rs.50 lakhs during a financial year, th

MXC Contact details:

022-66247070
4W
2W & FE
2W & FE
CV
4W
2W
 CV
FE

MF YEAR RC STATUS
2018 Yes
2016 Yes
2013 No
2015 Yes
e regional transport office (RTO) before participating and placing their bids on the vehicle listings.
yers / bidders are liable to make payments to the seller for the vehicles agreed to be purchased / won by them.
es agreed to be purchased / won by them. Winning buyers / bidders should not wait for a separate intimation from ICICI Bank Limited / to
In the absence of such emails, the same will be treated as default / breach of terms and conditions.
/ asset details discrepancy b) Parts missing/ change in vehicle condition c) File missing in RTO/ customer stop transfer d) Accidental/ dama
availability of payment information.
the details by themselves before bidding.

tation / legal status as per RTO records.

the payment is made.

tting Release Order.

ules and policy of each yard. ICICI Bank has no role in this regard. Also, the buyer to be aware that yard will not be responsible for the upk
of both. c) Valid winning letter copy clearly showing name & ID of the buyer. d) Payment deposit slip e) A declaration/affidavit by buyer on

erson of the buyer. The authorized person can come with an authority letter from the buyer and should carry copies of all relevant docum

its agent or its assignees reserves their right to initiate appropriate legal action against me/us.
e refunded winning price in such cases without interest or penalty what so ever
all the required help in such case(s). Money deposited will be refunded to bidder / winning buyer without any interest or penalty

asset will cease to exist. In addition, the money which the winning bidder has deposited against the said asset will be forfeited and Bank w
e over and above the Base sale value.

x receipt challan during release formalities. Without producing the same, release order shall not be given to buyer
, a reminder notice with a TAT of 15days shall be issued to buyer informing to get the vehicle transferred on his / her name on the address

dder for non-payment as vehicle re-listed / consideration of approval not received / any other assump
moved prior to auction if any.

TAT of 30days (fortnightly) post which bidder id shall be blocked until ownership transfer takes place.

-tax Act, 1961 (the Act)

or vehicle. In this regard, the Central Board of Direct Taxes (CBDT) issued a clarification on September 29, 2020, as summarized below:-

ceeds Rs.10 lakhs. Thus, all motor vehicle sales where value of a motor vehicle exceeds Rs.10 lakhs, shall continue to be governed by this existing provis

Rs.50 lakhs during a financial year, TCS shall apply as per new provision for sale of goods.

ded Rs.50 lakhs during a financial year, the Bank shall collect TCS at 0.1% (0.075% till March 31, 2021) on amount of sale consideration received in excess
STOCKYARD NAME LOCATION Auction Date & Time
MFC Zirakpur Zirakpur 31-Dec-24 from 11
MFC Zirakpur Zirakpur 31-Dec-24 from 11
MFC Zirakpur Zirakpur 31-Dec-24 from 11
MFC Zirakpur Zirakpur 31-Dec-24 from 11
chased / won by them.
a separate intimation from ICICI Bank Limited / to initiate payment process.
conditions.
RTO/ customer stop transfer d) Accidental/ damaged vehicle e) Bids placed by mistake etc.

aware that yard will not be responsible for the upkeep, maintenance or security of the assets after the date mentioned in the release orde
t deposit slip e) A declaration/affidavit by buyer on stamp paper that registration will be transferred to his/her name within 60 days of getti

uyer and should carry copies of all relevant documents required.

ng buyer without any interest or penalty

against the said asset will be forfeited and Bank will not be liable to refund the same back to him/her
shall not be given to buyer
ehicle transferred on his / her name on the address updated in ACR / as produced by him during release formalities. In case of non-transfe

oval not received / any other assumptions

mber 29, 2020, as summarized below:-

khs, shall continue to be governed by this existing provision.

021) on amount of sale consideration received in excess of Rs.50 lakhs. It is to reiterate that, in these cases, aggregate limit of Rs.50 lakhs shall be counte
Portal EMD Last date & time of EMD Deposition
Car Trade Exchange 25000 30 Dec 2024 before 5 Pm
Car Trade Exchange 25000 30 Dec 2024 before 5 Pm
Car Trade Exchange 25000 30 Dec 2024 before 5 Pm
Car Trade Exchange 25000 30 Dec 2024 before 5 Pm
y mistake etc.

ty of the assets after the date mentioned in the release order.

on will be transferred to his/her name within 60 days of getting NOC / TTO set. f) A declaration that asset has been inspected by buyer and

e same back to him/her

ced by him during release formalities. In case of non-transfer even after 15days TAT from the date of issuance of 1st notice, 2nd notice sha

e that, in these cases, aggregate limit of Rs.50 lakhs shall be counted from April 1, 2020. But levy of TCS would be effective from October 1, 2020 and tax n
 & time of EMD Deposition
2024 before 5 Pm
2024 before 5 Pm
2024 before 5 Pm
2024 before 5 Pm
has been inspected by buyer and is purchased on 'As-Is-Where-Is' basis. Buyer will not claim refund or return the asset once payment is m
ance of 1st notice, 2nd notice shall be issued with a TAT of another 15days informing buyer that his ID shall be blocked. Even after that, if v

ctive from October 1, 2020 and tax needs to be collected at the time of money deposition of sale consideration by a buyer.
n the asset once payment is made. The declaration is required for every asset being purchased by the bidder. The ‘As-Is-Where-Is’ basis wo
e blocked. Even after that, if vehicle’s not transferred against his / her name, ID shall be blocked till such period until vehicle transfer owne
he ‘As-Is-Where-Is’ basis would include all conditions related to the asset.
d until vehicle transfer ownership takes place. After producing necessary document related to ownership transfer, ID shall be allowed for
ID shall be allowed for unblocking.