French company\\\'s bid for online VAT rejected

The Cabinet Purchase Committee, the highest body to approve any public procurement, on Sunday rejected a French company’s tender for installing a new online system of collecting value added tax (VAT). It asked the authorities concerned to call for new proposals for the project. Officials said the Cabinet body found some anomalies in the tender process of the National Board of Revenue (NBR) which placed the proposal for approval. ‘The committee could not be satisfied with the proposal. That’s why they rejected the proposal and asked for re-tender’, said Cabinet Division’s joint secretary Mustafizur Rahman while briefing on the meeting’s proceedings. He did not give details of the meeting. The NBR earlier selected tender proposal of the France-based firm BULL SAS and sent it to the Cabinet Division for consideration. The French company had offered to do the job at a cost of about Tk 861.4 million, according to UNB.