TMI BlogBANK GUARANTEE FORMATX X X X Extracts X X X X X X X X Extracts X X X X ..... rred to as the Government) having agreed to grant to ___________________(full expanded name, E-mail I.D, Phone No./Fax. No . of the Importer/Exporter with complete address) (hereinafter referred to as Importer/Exporter) an Authorisation being Authorisation No.__________ dt.____ (hereinafter referred to as Authorisation for the import of the goods mentioned therein) for a value of Rs._________ (Rupees ___________________ only) under the___________________ Scheme (fill up the actual Scheme) notified by the Government under the Foreign Trade Policy 2009-14 as may be amended from time to time (hereinafter referred to as scheme) on the terms and conditions specified in the said Authorisation which term inter alia stipulates production of a Ban ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of Bank) further agree that the guarantee herein contained shall remain in full force and effect during the period that would be taken for the performance of the said Authorisation and that it shall continue to be enforceable till all the obligations of the Importer/Exporter under or by virtue of the said Authorisation have been fully discharged to the satisfaction of the Government or till Jt.DGFT/Dy.DGFT, or any Licensing authority for the time being authorised to perform the duties of Jt.DGFT/Dy.DGFT, Ministry of Commerce, New Delhi certifies that the terms and conditions of the said Authorisation have been fully and properly carried out by the Importer/Exporter and accordingly discharges this guarantee. Provided, however, unless a dem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rnment. Dated the_______________day of____________year_________ for ______________________ indicate the name of the Bank) Note: The Bond/ BG shall be filed for a minimum period of three years with an undertaking to keep the BG alive for the entire period of export obligation viz.8+2=10 years or 12+2=14 years, as the case may be.] ----------------------------------------- Notes:- 1. Substituted vide Public Notice No. 38(RE:2010)/2009-2014, Dated 09/03/2011 , before it was read as:- APPENDIX 25 A BANK GUARANTEE FORMAT To, The President of India Acting through the Director General of Foreign Trade In consideration of the President of India, acting through the Director General o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ernment by reason of any failure on the part of the said Importer/ Exporter of any of the terms or conditions contained in the said Authorisation including the export obligation mentioned therein. 2. We ___________________ (indicate the name of Bank) do hereby undertake to pay the amounts due and payable under this guarantee without any demur or protest, merely on a demand from the Government stating that the amount claimed is due by way of loss or damage caused or suffered by the Government by reason of breach by the Importer/Exporter of any of the terms or conditions of the said Authorisation. Any such demand made on the Bank shall be conclusive as regards the amount due and payable by the Bank under these presents. 3. We undertake ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the said Authorisation and modify the said scheme from time to time or (ii) to extend time of performance by the said Importer/Exporter from time to time or to postpone for any time or (iii) from time to time any of the powers exercisable by the Government against the said Importer/Exporter and to forbear or enforce any of the terms and conditions relating to the said Authorisation and we shall not be relieved from our liability by reason of any such variation, or extension being granted to the said Importer/Exporter for any forbearance, act or omission on the part of the Government or any indulgence by the Government to the said Authorisation holder or by any such matter or thing whatsoever which under the law relating to sureties would ..... X X X X Extracts X X X X X X X X Extracts X X X X
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