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

Appendix -2N-1 - Old_Provisions - Appendix - DGFT - 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 (acting through the Director General of Foreign Trade) In conside .....

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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 & Industry, Government of India, New Delhi (hereinafter referred to as .....

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nafter 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 .....

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ars 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 exceeding ₹ 10,00,000/US$ 20000 ( indicate the applicable amount .....

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____ (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 o .....

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usive 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 by the PSIA, in any suit or proceeding pending before any cou .....

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he 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 Appendix 2G of Appendices and Aayat Niryat Forms of FTP, 2015-20, .....

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____________________ (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 manner our obligations hereunder (i) to vary any of the terms and .....

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