https://www.taxtmi.com/acts?id=19463 Bank guarantees required for DEPB and Chapter 3 incentive scrips constitute an unconditional and irrevocable bank undertaking to pay the Government on demand for loss arising from failure to furnish Bank Realisation Certificates or proof of export proceeds within the scrip period. The guarantee is continuing, non revocable without Government consent, remains enforceable until obligations are discharged or DGFT certifies completion, and is payable notwithstanding disputes; Government may vary terms or extend performance without discharging the bank. en-us Tue, 14 Apr 2015 11:38:13 +0530 Fri, 17 Apr 2015 16:46:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19463 Bank guarantees required for DEPB and Chapter 3 incentive scrips constitute an unconditional and irrevocable bank undertaking to pay the Government on demand for loss arising from failure to furnish Bank Realisation Certificates or proof of export proceeds within the scrip period. The guarantee is continuing, non revocable without Government consent, remains enforceable until obligations are discharged or DGFT certifies completion, and is payable notwithstanding disputes; Government may vary terms or extend performance without discharging the bank. Act-Rules DGFT Tue, 14 Apr 2015 11:38:13 +0530 https://www.taxtmi.com/acts?id=19463