Rules for wheat to be sold under OMSS

30-Nov-2024 10:26 AM

Rules for wheat to be sold under OMSS
The rules for the sale of wheat under Open Market Sale Scheme (OMSS) are outlined below:

Reserve Price:

FAQ Wheat: Rs. 2325 per quintal.
URS Wheat: Rs. 2300 per quintal.
Note: These prices are exclusive of taxes and transportation costs (if applicable).
Eligibility for Participation:

Only Processors, Flour Mill Operators, and Manufacturers of Wheat Products can participate in the auction.
Minimum Bid Quantity: 10 MT.
Maximum Bid Quantity:
25 MT for those with Low Tension (LT) Electricity Connection.
100 MT for those with High Tension (HT) Electricity Connection.
If the type of electricity connection (LT or HT) is not mentioned on the electricity bill, connections with a sanctioned load of 1-75 KVA will be treated as LT connections.
Eligibility Based on Stock:

Parties with wheat stocks greater than their monthly processing capacity, as per the Weekly Wheat Stock Declaration on the WSMS portal, on the date of the notice, cannot participate in the auction.
If such ineligible parties bid in the auction:
Their bids will be cancelled.
Their Earnest Money Deposit (EMD) will be forfeited.
Bid Compliance:

Bidders must place bids according to their processing capacity, as they are required to process the allotted quantity of wheat into wheat products.
The processed wheat products must be released for sale in the open market within 15 days of the wheat allocation.
Documentation Requirement:

Successful bidders must submit relevant documents proving that they have processed the wheat and released it for sale in the market.
These rules ensure that the wheat is distributed and utilized efficiently for milling and other processing needs, while maintaining transparency and accountability in the auction process.