TaxTMI 
TaxTMI 
New format of Bank Guarantee, to be executed with DGFT, for recognition as Pre-Shipment Inspection Agency (PSIA).
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....: Dated 23rd June 2015 Subject:- Format of Bank Guarantee, to be executed with DGFT, for recognition as Pre-Shipment Inspection Agency (PSIA). In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy, 2015-20, the Director General of Foreign Trade hereby inserts Appendix 2N-1 in the Appendices and Aayat Niryat Forms of the Handbook of Procedures, 2015-20, as annexed to th....
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....on 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 Joint Director General of Foreign Trade / Deputy Director General of Foreign Trade, Department of Commerce, Ministry of Commerce & Industry, Government of India, New Delhi (hereinafter referred to as the G....
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....e 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 ) against any loss or damage caused to or suffered by the Government by reason of any failure on the part of the applicant for violation of para 2.55 & 2.56 of the Handbook of Procedures, 2015-20, or any o....
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....al 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 contained shall remain in full force and effect during the period that would be taken for the performance of the said PSIA recognition and that it shall continue to be enforceable till the PSIA recognition by the Gove....