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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 (acting through the Director General of Foreign Trade) In consideration of the President of India, acting through the Director General of Foreign Trade ( .....

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rom 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 _______________________ (indicate the name, e-mail I.D, Phone No./Fax. No, full address and other particulars of the Bank) (hereinafter referred .....

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r violation of para 2.55 & 2.56 of the Handbook of Procedures, 2015-20, or any other law in force 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 by the PSIA, in any suit or proceeding pending be .....

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e 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 conditions of the duties & responsibilities of the PSIA.That this shall be a continuing Bank Guarantee and shall not be discharged by any change in the constitution of the PSIA or of t .....

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