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Bank Guarantee Format to be executed for recognition as Pre-Shipment Inspection Agency

Appendix -2N-1 - Procedure - Appendix - Foreign Trade Procedure 2015-2020 (From 5-12-2017 to 31-3-2020) Revised - Appendix -2N-1 - Appendix- 2N-1 (Refer paragraphs 2.55 and 2.56 of HBP and condition at S.No 9 of ANF-2L) To, The President of India (ac .....

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tor General of Foreign Trade), or any other authority for the time being authorised to perform the duties of Joint Director General of Foreign Trade / Deputy Director General of Foreign Trade, Department of Commerce, Ministry of Commerce & Indust .....

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ss) 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 spec .....

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e-mail I.D, Phone No./Fax. No, full address and other particulars of the Bank) (hereinafter referred to as Bank) at the request of the applicant for PSIA do hereby unconditionally and irrevocably undertake to pay the Government an amount not exceedin .....

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res, 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 th .....

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e by the PSIA. 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 .....

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erein contained shall remain in full force and effect during the period that would be taken for the performance of the said PSIA recognition and that it shall continue to be enforceable till the PSIA recognition by the Government, as notified in Appe .....

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ged from all liability under this guarantee thereafter. 5. We ____________________ (indicate the name of bank), further agree with the Government that the Government shall have the fullest liberty without our consent and without affecting in any mann .....

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