TMI BlogNew format of Bank Guarantee, to be executed with DGFT, for recognition as Pre-Shipment Inspection Agency (PSIA).X X X X Extracts X X X X X X X X Extracts X X X X ..... in the Appendices and Aayat Niryat Forms of the Handbook of Procedures, 2015-20 , as annexed to this Public Notice, prescribing a new Bank Guarantee Format, to be executed with DGFT, for recognition as Pre-Shipment Inspection Agency. 2. Effect of this Public Notice: For recognition of PSIA, Bank Guarantee is to be executed with DGFT. Bank Guarantee Format for the same is hereby notified. (Pravir Kumar) Directorate General of Foreign Trade E-mail:dgft@nic.in [Issued from File No.01/53/162/Misc/PSIA/AM15/S-5/IC] Appendix- 2N-1 Bank Guarantee Format to be executed for recognition as Pre-Shipment Inspection Agency (Refer paragraphs 2.55 and 2.56 of HBP and condition at S.No 9 of ANF-2L ) To, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Government an amount not exceeding ₹ 10,00,000/US$ 20000 ( indicate the applicable amount ) against any loss or damage caused to or suffered by the Government by reason of any failure on the part of the applicant for violation of para 2.55 2.56 of the Handbook of Procedures, 2015-20 , or any other law in force. 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 applicant for PSIA recognition or for violation of para 2.55 2.56 of the Handbook of Proce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y change in the constitution of the PSIA 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 the Bank officer with employee code complete address) Accepted by me on behalf of the President of India. ( ) Authorised representative of DGFT ***** - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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