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New format of Bank Guarantee to be executed with DGFT for recognition as Pre-Shipment Inspection Agency (PSIA).

DGFT - 21/2015-20 - Dated:- 23-6-2015 - To be published in the Gazette of India Extraordinary (Part-I, Section-1) Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 21/2015-20 New Delhi: Dated 23rd June 2015 Subject:- Format of Bank Guarantee, to be executed with DGFT, for recognition as Pre-Shipment Inspection Agency (PSIA). In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy, 2015-20 .....

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eign 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, 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 Direct .....

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No. of the applicant with complete address) for recognition as a Pre-Shipment Inspection Agency (hereinafter referred to as PSIA), by the Government, under Appendix 2G of Appendices and Aayat Niryat Forms of FTP, 2015-20 as may be amended from time to time, on the terms and conditions specified in the Handbook of Procedures, 2015-20, which term inter alia stipulates production of a Bank guarantee for ₹ 10, 00,000 (Rupees Ten Lakh only) or US$ 20000 (US dollars twenty thousand only) We ____ .....

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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 .....

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