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BANK GUARANTEE FORMAT

Appendix -2N - Procedure - Appendix - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised - Appendix -2N - APPENDIX- 2N 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 of Foreign Trade (which expression shall be deemed to include the Joint Director General of Foreign Trade/Deputy Director General of Foreign Trade), or any other authority for the time being authori .....

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___ (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 2015-20 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 Bank guarantee fo .....

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f 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 .....

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,_________________(indicate the name 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 author .....

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bank), further agree with the Government that the Government shall have the fullest liberty without our consent and without affecting in any manner our obligations hereunder (i) to vary any of the terms and conditions 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 Impo .....

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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 importer/exporter or of the Bank. That the guarantor will not revoke the guarantee without prior written consent of the Government. "Dated the_______________day of____________year_________ for ______________________indicate the name of the Bank)" (Signature)_________________________ ___________________________________ (Name & Designation of .....

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