TMI BlogBank Guarantee with auto renewal clauseX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, We need to execute Bank Guarantee on one particular issue to the AC, Central Excise dept. with auto renewal clause, Where as our bankers not accepting with Auto renewal clause. If any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... body has come across this type of issue, please provide me the details (BG format with Bank details). Thanking you, Srinivas - Reply By KASTURI SETHI - The Reply = Sh.Srivatsan Krishnamachari Ji ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , I suggest you two options:- 1. Go through Chapter 14 (Para No.9) of CBEC's Excise Manual of Supplementary Instructions, 2005 wherein there is provision for supplementary deed of bank g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uarantee on a stamp paper. 2. In this context, judgement Delhi High Court is appended below:- ZEST AVIATION PVT. LTD. Versus UNION OF INDIA 2013 (289) E.L.T. 243 (Del.) = 2013 (6) TMI 9 - DELH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I HIGH COURT - Reply By Mahir S - The Reply = Sir, Most of the banks nowadays do execute B.G. with auto renewal clause. If they are not doing so, then take the matter with Head Branch. Else, s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imply just change the Bank. - Bank Guarantee with auto renewal clause - Query Started By: - Srivatsan Krishnamachari Dated:- 5-3-2016 Central Excise - Got 2 Replies - Central Excise - Discussion Fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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