TMI BlogBank Guarantee Format to be executed for recognition as Pre-Shipment Inspection AgencyX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Director General of Foreign Trade/Deputy Director General of Foreign Trade), or any other authority for the time being authorised to perform the duties of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 court or Tribunal relating thereto and our liability under these presents being absolute and unequivocal. 4. We,_________________(indicate the name of Bank) further agree that the guarantee herein conta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 the Bank. That the guarantor will not revoke the guarantee without prior written consent of the Government. Dated the_______________day of____________year_________ for ______________________ indicate the na ..... X X X X Extracts X X X X X X X X Extracts X X X X
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