professional draft of Auction & Bidding Terms & Conditions for GlobalRubberHub.com, written in a way that establishes Global Rubber Hub as a neutral medium (facilitator) and ensures compliance with Indian government laws:

Global Rubber Hub – Auction & Bidding Terms & Conditions

1. Role of Global Rubber Hub

  • Global Rubber Hub acts only as a facilitating platform/medium to enable buyers and sellers to participate in online auctions and bidding for rubber and related products.
  • Global Rubber Hub is not a direct party to any transaction; all contracts are solely between the buyer and seller.
  • Users agree that Global Rubber Hub provides only the technical infrastructure and shall not be liable for product quality, pricing disputes, delivery, or warranty issues.

2. Registration & Eligibility

  • Only registered and verified users (buyers/sellers) are eligible to participate in auctions and bidding.
  • Users must comply with all applicable laws, including GST, trade, and export/import regulations.
  • KYC verification, GST registration, and business licenses may be required for participation.

3. Auction & Bidding Process

  • Auctions will be conducted in the manner specified on GlobalRubberHub.com.
  • Bidders must ensure that their bids are genuine, binding, and within their financial capacity.
  • Once submitted, bids cannot be withdrawn or altered, except as permitted by the system rules.
  • The highest bid (or as per auction type, e.g., reverse auction) at the close of auction will be considered for acceptance.
  • Global Rubber Hub reserves the right to cancel or reschedule auctions without prior notice.

4. Pricing, Payment & Taxes

  • All bids must clearly state whether prices are inclusive or exclusive of GST/IGST, customs duty, and other applicable taxes.
  • Buyers are responsible for making payments directly to sellers under mutually agreed terms.
  • Global Rubber Hub may levy a platform service fee/commission on successful transactions, as specified separately.

5. Delivery, Risk & Warranty

  • The seller is responsible for timely delivery as per agreed terms.
  • Risk and title transfer from seller to buyer shall occur as per contractual agreement between them.
  • Sellers must provide warranties (if applicable) and ensure compliance with industry quality standards.

6. Legal Compliance

  • All participants must comply with Indian Contract Act, GST Act, Companies Act, FEMA (if applicable for exports/imports), and other relevant government regulations.
  • Any unlawful or fraudulent bidding activity will result in blacklisting, cancellation of registration, and legal action.

7. Dispute Resolution

  • Any disputes arising out of an auction or bidding transaction are strictly between the buyer and seller.
  • Global Rubber Hub may provide mediation support, but the platform is not legally liable for settlement.
  • Disputes shall be subject to the jurisdiction of Indian courts.

8. Platform Rights

  • Global Rubber Hub reserves the right to:
    • Suspend or terminate accounts for policy violations.
    • Withhold service access for suspected fraudulent activity.
    • Modify auction/bidding rules as necessary to ensure fairness and compliance.

9. Acceptance of Terms

  • Participation in any auction or bidding event on GlobalRubberHub.com implies full acceptance of these Terms & Conditions.
  • Users acknowledge that they have read, understood, and agreed to these terms before participating.

✅ This version makes it clear that Global Rubber Hub is only the medium and ensures all activities comply with government trade & GST laws.