Pre-bid line certificate
Specimen — issued for demonstration
A real certificate, from our own test run on an archived Surplex lot — published in full, nothing hidden, so you can check every figure before you pay for one. Your certificate is worked out fresh for your lot and your budget on the day you order, and delivered on WhatsApp before the auction closes.
FAIR = worth bidding, up to this line
Above this line, walk away. Bidding up to € 32,000 keeps the worst-case all-in cost inside the stated budget of ₹ 85,00,000 (₹ 85.0 L) — including the customs re-valuation scenario below. All figures are estimates6.
Where the money goes at a € 28,000 hammer
| Item | EUR | INR @ 108.00/€7 |
|---|---|---|
| Hammer price (the bid) | € 28,000 | ₹ 30,24,000 |
| Buyer's premium (19.5%) | € 5,460 | ₹ 5,89,680 |
| Dismantling & loading | € 6,000 | ₹ 6,48,000 |
| Sea freight to Indian port | € 8,000 | ₹ 8,64,000 |
| Marine insurance (0.5%) | € 237 | ₹ 25,628 |
| CIF value (duty base)1 | € 47,697 | ₹ 51,51,308 |
| Basic customs duty 7.5%2 | — | ₹ 3,86,348 |
| Social welfare surcharge | — | ₹ 38,635 |
| IGST 18%2 | — | ₹ 10,03,732 |
| Engineer’s certificate, customs agent (CHA) & India trucking3 | — | ₹ 88,000 |
| All-in landed cost (cash) | ₹ 66,68,024 | |
| Less IGST credit if GST-registered4 | − ₹ 10,03,732 | |
| Effective cost after credit | ₹ 56,64,291 |
Two costs have no real quote yet — planned at the top of the range
Dismantling & loading · Sea freight to Indian port. Your line already covers the highest likely cost of each; a cheaper real quote only makes you safer. Get real quotes before you send any money.
What customs may do to the price
Indian customs does not have to accept the auction price. For used machinery it may re-value the machine from its original new price minus scheduled depreciation5 and charge duty on the higher figure. For this lot that math works against the buyer:
| Auction price accepted | Customs re-values5 | |
|---|---|---|
| Machine value basis | € 33,460 | € 75,000 |
| Duty payable | ₹ 14,28,715 | ₹ 26,79,218 |
| All-in landed cost | ₹ 66,68,024 | ₹ 79,18,526 |
Extra cost if customs re-values:₹ 12,50,502 more than the declared-value figure. The line at the top already absorbs this worst case — that is why it sits lower than a simple duty calculator would put it. The €250,000 original price is our estimate; question 01 below fixes it to the seller’s invoice.
If the bidding climbs
| Scenario | Hammer bid | Worst-case all-in | Against budget |
|---|---|---|---|
| Expected hammer | € 28,000 | ₹ 79,18,526 | inside |
| Your line | € 32,000 | ₹ 84,37,347 | inside |
| One bid too far | € 34,500 | ₹ 87,61,610 | over budget |
Ask the seller these before bidding
- 01Original purchase invoice — can the seller share it? (fixes the customs re-valuation base)
- 02Full service history from the maker or maintaining agent?
- 03Run hours vs power-on hours — ask for the control readout photo.
- 04Any crash history? Ask for the calibration report after the last incident.
- 05Is the control included with licences, or licence-locked to the first owner?
- 06Who dismantles — confirm exactly what the stated delivery terms include.
- 07Are all pictured accessories and tooling included in this lot number specifically?
- 08Confirm no loan or bank claim (lien) is pending on the machine before you pay the deposit.
Notes — sources
- [1]Assessable value = CIF; the notional 1% landing charge stands abolished (Notification 91/2017-Cus (NT)).
- [2]EximGuru ITC-HS 84571020 (BCD 7.5% + SWS + IGST 18%); cross-checked CBIC working tariff; GST rate on 8457 per ClearTax/GST Council. Effective duty 27.735% of CIF (BCD 7.5% + SWS 10%-of-BCD + IGST 18%). EPCG zero-duty is not available for second-hand goods (FTP 2023, App. 5F Sr. 11).
- [3]Chartered Engineer inspection at place of sale required per CBIC Circular 07/2020-Customs; customs agent (CHA) and India trucking at the quoted range.
- [4]IGST paid on import is creditable input tax for a GST-registered buyer; BCD and SWS are final costs.
- [5]Depreciation-schedule valuation per Circular 493/124/86-Cus VI (19.11.1987): 4%/qtr yr-1, 3%/qtr yr-2, 2.5%/qtr yr-3, 2%/qtr thereafter, capped at 70%; applied per Circular 07/2020.
- [6]No age limit applies to used machine-tool imports (FTP 2023 Para 2.31); the Machinery OTR/QCO 2024 stands rescinded w.e.f. 14.01.2026 (S.O. 239(E), Gazette No. 217).
- [7]Exchange rate as at issue; a 1% EUR/INR move shifts landed cost by ≈ ₹ 0.7 L.
This certificate, computed for your lot.
Send the auction link and your all-in budget; your line — the walk-away bid, both customs scenarios, seller questions — arrives on WhatsApp before the auction closes. ₹4,999 per lot, every figure with its source. All figures are estimates and say so.