https://www.taxtmi.com/acts?id=41791 The bank must provide an unconditional and irrevocable guarantee to pay the Government on demand for losses caused by a PSIA's breach of the Handbook of Procedures or other law; the obligation is absolute, payable without demur irrespective of disputes, continues for the period of recognition and performance, is non revocable without Government consent, and permits Government variation of PSIA duties, subject to claims being made in writing within the prescribed claim period. en-us Fri, 12 May 2023 16:21:07 +0530 Fri, 12 May 2023 16:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41791 The bank must provide an unconditional and irrevocable guarantee to pay the Government on demand for losses caused by a PSIA's breach of the Handbook of Procedures or other law; the obligation is absolute, payable without demur irrespective of disputes, continues for the period of recognition and performance, is non revocable without Government consent, and permits Government variation of PSIA duties, subject to claims being made in writing within the prescribed claim period. Act-Rules DGFT Fri, 12 May 2023 16:21:07 +0530 https://www.taxtmi.com/acts?id=41791