ITPO is a PSU established with the objective of promoting trade by inter-alia, organizing/participating in trade Fair and exhibitions abroad. For this purpose, ITPO incurs expenditure towards space rent, construction/decoration, handling & clearing, publicity, entertainment and hotel bills etc. The VAT amount involved for these heads of expenditure work out to Rs.30.00 lakhs (approx.). We wish to empanel agencies initially for a period of one year which will be extendable after review to claim the refund of VAT from the overseas authorities concerned on commission basis.

Interested Agencies may submit their offers to Mr.Gajraj Singh, Senior Manager (Finance),ITPO, Room No.234, Annexe Building, 2nd Floor, Pragati Maidan, New Delhi-110001, in two parts i.e. one will be Technical Bid which relates to similar work done by the agencies in PSUs, names of the countries, length of experience etc. and other Financial Bid in each sealed covered envelop within three days from the date of issue of this advertislement in the Newspapers.

For more details, information and related documents, please visit our Website at : www.indiatradefair.com.

                                                                                             (GAJRAJ SINGH)

                                                                        SENIOR MANAGER(FINANCE)



INDIA TRADE PROMOTION ORGANISATION
(FINANCE & ACCOUNTS DIVISION)

Documents to be submitted by the VAT Agencies:

1. Registration Certificates of the agency with various statutory authorities including Income Tax and Service Tax.

2. Turnover of the Agency alongwith a copy of the Audited Balance Sheet and the Annual Report for 2006-07

3. Bank Guarantee of Rs.3.00 lakhs from a nationalized bank with a validity for the period of contract.

4. Profile of the agency alongwith the names of the PSUs and Companies for which it has been employed for VAT Refunds.

5. The Countries in which the Agency will undertake refund of VAT.

6. Quote the percentage of commission (inclusive of all taxes) on the amount of actual refund of VAT.

The empanelment of agency will be for a period of one year which will be extendable subject to review of the performance.

The VAT agency will be required to deposit full VAT refunds to ITPO. ITPO will separately release the amount of commission as agreed after deduction of taxes as applicable. An agreement will be entered into with the selected agencies in this matter.

ITPO reserves the right to accept or reject any offer without assigning any reason.