BANGLADESH POWER DEVELOPMENT BOARD TENDER ... - BPDB

17. INSURANCEThe insurance including all personal accident insurance for the expert will bearranged by the LTSA provider.18. INCOME TAX AND VATa) CD/VAT and other import related taxes against the importedspares/equipments will be paid by BPDBb) During payment of invoices by BPDB to the LTSA provider, IT and VAT (as perregulations and approved rates of National Board of Revenue during theperiod. of particular services) will be deducted at source from the contractprice. The LTSA provider shall indicate IT and VAT separately in the proposal.LTSA provider shall be well conversant with the prevailing rules of the Government ofBangladesh relating to income tax, VAT.Ghorasal 200 MW to 300 MW Gas Turbine Peaking Power Plant Project (Vol-2 of 3)222