TMI BlogBANK GUARANTEE FORMAT FOR DEPB SCHEME AND FREELY TRANSFERABLE INCENTIVE SCHEMES OF CHAPTER 3X X X X Extracts X X X X X X X X Extracts X X X X ..... to perform the duties of Joint Director General of Foreign Trade/Deputy Director General of Foreign Trade), Ministry of Commerce, Government of India, New Delhi (hereinafter referred to as the Government) having notified the _______ Scheme* (fill up the actual specific Scheme) in the Foreign Trade Policy, 2009-14, as amended from time to time (herein after referred to as Scheme ). The importer/exporter __________ (full expanded name of the importer/exporter with complete address and IEC No.) (herein after referred to as party , which expression shall be deemed to include his/her heirs, successors, administrators and assignee, if the firm is Sole Proprietary firm/jointly and severely all the Partners through their legal heirs, successors, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aimed is due on account of non-realisation of export proceeds or any loss suffered by the Government by reason of breach by the party of any of the terms or conditions of the said Scheme. 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 to pay to the Government any money so demanded, notwithstanding any dispute or disputes raised by the party in any suit or proceeding pending before any court or Tribunal relating thereto and our liability under these presents is absolute and unequivocal. 4. We,_________________(indicate the name of Bank) further agree that the guarantee herein contained shall remain in full force and effect during the period th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r any forbearance, act or omission on the part of the Government, or any indulgence by the Government to the scrip holder, or by any such matter or thing whatsoever which under the law relating to sureties would, but for this provision, have effect of so relieving us. That this shall be a continuing Bank Guarantee and shall not be discharged by any change in the constitution of the party or of the Bank. That the guarantor shall not revoke the guarantee without prior written consent of the Government. Dated the_______________day of____________year_________for___________ ______________________ indicate the name of the Bank) Note : 1. BG/LUT shall be as per paragraph 2.20 of HBP v.1. 2. * DEPB under Chapter 4/Specific Transfe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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