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of <h1>Bank Guarantee Format for Importers/Exporters Ensures Compliance with Foreign Trade Policy 2009-14 Obligations</h1> The format for a bank guarantee required by the Government of India, acting through the Director General of Foreign Trade, for importers/exporters under the Foreign Trade Policy 2009-14. The bank guarantee ensures compliance with the terms of an import/export authorization, including fulfilling export obligations. The bank agrees to pay the government for any losses due to the importer's/exporter's failure to meet these terms. The guarantee remains enforceable until all obligations are met or the government certifies compliance. It is a continuing guarantee, unaffected by changes in the importer's/exporter's or bank's constitution, and cannot be revoked without government consent.
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