2nd July 2021

WCP/ARC/2021–22/032
M/s Articolo India
F-42, Prashant Vihar,
New Delhi - 110085
Contact Person: Mr. Vikas Gupta (Mobile 9811821261)
Email Id – vikas.articoloindia@gmail.com

Dear Sir,
Sub: Annual Rate Contract for Low Calorie Sweetener – “Zero - Stevia”
This is with reference to your email dated 25th June 2021 and subsequent discussion with our
Purchase Committee, we confirm our Annual Rate Contract for supply of Low Calorie Sweetener -
“Zero - Stevia”, for ITC Prefixed, Sheraton Hotels, WelcomHotels, WelcomHeritage & Fortune
Hotels with the following terms and conditions:
1. RATES / PRICING / SPECIFICATIONS:
Rate per UOM
MRP per
S. No Item Description UOM in INR HSN GST %
UOM (INR)
(Excluding GST)
"Zero - Stevia" Sachet 0.75 0.75
1 gms, (Leaf Extract based low gms. 3 0.71 29389090 18%
calorie sweetener) Sachet
"Zero - Stevia" Pack 500 gms, 500
2 (Leaf Extract based low calorie gms. 750 320 29389090 18%
sweetener) pack
2. TAXES:
GST Extra as applicable. In case of any change in GST rates notified by Government of
India, that rates shall be applicable from the effective date of such notification.
3. FREIGHT CHARGES & TRANSIT INSURANCE:
Inclusive
4. PACKING CHARGES:
Inclusive.
5. DELIVERY LEAD TIME:
All dispatches will be made within 3-4 days of placement of order.
Rejection & Shortages, if any, to be replaced free of cost based on inspection report sent
by the unit.
6. ORDERING:
Orders will be placed directly on you / your authorized distributor by the Hotels.
7. PAYMENT:
ITC Owned Properties: within 30 days from the date of receipt of goods and invoice.
ITC Managed Properties: Payment terms to be mutually agreed between unit purchase
team and vendor.
 8. SHELF LIFE:
Shelf Life of product is 24 months from the date of packing. The product delivered to
ITC Hotels to have minimum of 18 months of shelf life at the time of delivery of goods
in hotels. Sugar Free sweetener being supplied will conform to FSSAI Standards /
requirements.
9. HYGIENE & FSSAI REQUIREMENTS:
The Supplier shall ensure that the goods supplied are wholesome, hygienically handled
and all standards of hygiene are maintained. The Supplier shall also ensure that the
requirement and specifications as prescribed by Foods Safety and Standards Authority
of India, and any other rules / regulations including those stipulated by different states
are complied and shall be liable for any violation thereof.
10. VALIDITY:
This contract is valid from 02.07.2021 to 31.03.2023. However, we reserve the right to
terminate the contract by giving one month’s notice. Our price will remain the same
irrespective of change in the MRP during the contract period.
11. ARC EXTENSION / RENEWAL / REVISION:-
Offer should be submitted 60 days before expiry of this Annual Rate Contract. Else
Annual Rate Contract will be extended for 60 days.
For Product related queries please get in touch with Central Purchase.
For Purchase order / Payment related queries please get in touch with Unit Purchase Manager /
Unit Financial Controller of the respective unit.
By a copy of this letter, we shall be advising our units to place their orders directly.
Kindly acknowledge receipt by signing the duplicate copy of this letter as a token of acceptance.
In case the formal acknowledgment of this ARC sent in duplicate is not received, supply of goods
will constitute acceptance of the contract Term and Conditions.
Thanking You.
Yours Faithfully,
FOR ITC – LTD HOTELS DIVISION

-Sd- -Sd- -Sd-

MANAGER – CENTRAL PURCHASE FINANCIAL ACCOUNTANT HEAD- PROCUREMENT
OPERATIONS