Automatic Renewal of Bank Guarantee Clause-Reg.

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Full Text of the Document

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....d by them, in favour of Custom House, Visakhapatnam, must necessarily have 'self renewal clause' incorporated.in them, validating the Bank Guarantees till the conditions for, which they had been executed, are fulfilled. The same has been stipulated by RBI Vide its Master Circular DBOD. No. Dir.BC.14/13.03.00/2009-10 dated 1st July, 2009. It is also informed that it is the responsibility o....