Step 1: Login & Auction Discovery

• Access your Buyer Dashboard

• Navigate to Live / Upcoming Auctions

• Filter by category, location, lot type, inspection date

Leegal Insight: Shortlist only those lots that match your GST activity and logistics capability.

Step 2: Catalogue Download & Lot Analysis

• Download the Auction Catalogue

• Review:

  • Lot description & quantity

  • Base price / reserve (if disclosed)

  • Taxes, duties, and location

  • Lifting period & penalties

Decision Gate: If inspection is allowed, inspect before bidding—desk analysis alone is risky.

Step 3: EMD (Earnest Money Deposit) Payment

• Pay EMD lot-wise or auction-wise (as specified)

• Modes: Net banking / RTGS / NEFT (per auction rules)

• EMD must reflect before bidding window opens

Cash-Flow Control: EMD blocks capital—plan limits in advance.

Step 4: Auction Readiness Check

Before bidding starts, confirm:

• DSC mapped & active

• Browser & system compatibility

• Stable internet

• Bid increment understanding

• Maximum bid ceiling pre-approved internally

Leegal Rule: Never enter a live auction without a pre-decided exit price.

Step 5: Live Bidding Execution

• Enter live auction at scheduled time

• Place bids in minimum incremental steps

• Monitor:

  • Current highest bid

  • Time extension rules (auto-extensions are common)

• Avoid emotional bidding in extended windows

Pro Tip: Bid late with discipline—patience beats panic.

Step 6: Auction Closure & Result Declaration

• Auction closes after final extension

• Highest compliant bidder is declared H1

• Result visible on dashboard and via email

Step 7: Post-Bid Payment

If you win:

• Pay Balance Amount within stipulated time

• Non-payment = EMD forfeiture + blacklisting risk

• GST & other levies apply as per catalogue

Governance Point: Payments must come from registered business account only.

Step 8: Lifting & Delivery

Coordinate with seller for lifting schedule

• Complete:

  • Gate passes

  • Invoices

  • Weight checks (where applicable)

• Adhere strictly to lifting timelines

Penalty Alert: Delays attract demurrage / cancellation.

Step 9: EMD Adjustment / Refund

• EMD adjusted against final payment or

• Refunded if you didn’t win (timeline varies)