Public Auction of Various Items

Best Group (T) Ltd and AUCOR will conduct a public auction of various items such as LDV’s. minibuses, forklifts, pumps, generators, spare parts, motors, mining equipment’s, earth moving equipment’s, cables, scrap equipment’s, the auction will start on 30th November, 2022 from 10:30 A.M, at North Mara Gold Mine Limited .

TERMS AND CONDITIONS OF AUCTION: –

1. Participants should adhere with all safety requirements and standards of Buzwagi Gold Mine including wearing of mask, reflectors, and safety boats.
2. That interested customers are invited to visit the site for viewing and inspecting items to be auctioned from Thursday 24t^h November to Tuesday 29t^h November, 2022 from 10:00 A.M up to 4:00 P.M.
3. The bidding price is VAT exclusive, bidders will be pay VAT.
4. Purchasers shall pay exempted tax items to the Tanzania Revenue Authority; TRA officers will be present for clarification and guidance.
5. That the purchaser participation is subject to payment of entrance fees which is refundable to his/her account if will not purchase any items.
6. The entrance fees will be TZS 5, 000,000Mfive million only refundable)
7. All payments including the entrance fees will be paid through the following bank account.

8. The highest bidder will pay a non-refundable deposit of twenty-five per cent (25%) of the bid price which shall be paid at the end of auction and the balance of seventy-five percent

9. Where the balance of seventy-five percent (75%) is not paid as specified, the bid shall lapse and the lot in respect of which the balance is outstanding shall be reoffered for sale.
10. The Seller shall not give warranty on the quality, quantity, packaging condition or any other particulars of the assets / goods offered for sale as such an item is auctioned AS-IS and thus request for replacement or refund shall not be accepted.
11. Goods purchased at an auction shall be removed from the warehouse/yard within ten (10) days and where the purchaser fails to remove the goods, he or she shall be liable to pay the warehouse rent and any other charges with effect from the date of sale up to the date of removal.

12.Where the purchased assets/goods are not removed from the warehouse/yard, they may be re-offered for sale upon expiration of time for removing items.
13.If the winner fails to pay within the prescribed time above, he/she will be blacklisted as a defaulter.
14.For claiming items, the winner shall present; a) A valid copy of paid payment bill and bank receipt b) Power of attorney in case owner sends representative c) Provide proper identification such as Passport, National 1.0 or valid Driver’s license. d) TRA confirmation release documents to confirm payments of tax e). Third party claims shall not be entertained.
15.Sellers reserves the right to cancel/withdrawal the auction at any time, when need may arise, in accordance with the laws, rules and regulations governing the auction process.
16.Bidders are strictly warned of any malpractice which includes but not limited to feeding wrong information failing to pay bid amount upon winning the bid within the prescribed period. Failure to abide to this condition infringes the Economic and Organized Crime Control Act. Cap 200 and it amount to serious offense.
17.Terms and Conditions of this auction are to be carefully considered by an interested person before registration.
18.Bidders are advised to use registered tax consultants, Clearing AND Forwarding Agents, Logistic Companies in transporting abnormal luggage, the auctioneers may recommend or assist to get the service providers upon request by the purchaser but exempted from any liability on their contractual obligations.
19.Bidders are strongly advised to have valid licenses and permit for trading or transporting of any items they purchase if is required by the law.
20.The auction will be live with webcast

21. Sellers will not be responsible for any errors in description, all goods are sold with no duty to repair.
    22.The participation fees paid will be refunded with 14 days to client respective accounts

For any clarification contact:
Best Group (T) Ltd
Postal Address: 1088,
DAR ES SALAAM
Email Address:  [email protected]
Mobile No.: +255 715363537 or +255758265509