Format of bank guarantee
This query is : Open
SAI CHANDU B
(Querist)
26 June 2013
A Company sells all its products to customers on credit. It wants to obtain Bank Guarantee from its customers since it has newly started operations in an area.
As per the terms, customer should make payment within 90 days failing which the Bank Guarantee shall be invoked and the BG should be obtained initially for one year.
Can some one suggest a draft Format of Bank Guarantee to be obtained from customers?
Also can someone suggest any other conditions in this regard?
As per the terms, customer should make payment within 90 days failing which the Bank Guarantee shall be invoked and the BG should be obtained initially for one year.
Can some one suggest a draft Format of Bank Guarantee to be obtained from customers?
Also can someone suggest any other conditions in this regard?
CA.Vinita Gupta
(Expert)
26 June 2013
Different banks have different format of bank guarantee. So pls ask the bank for the same
SAI CHANDU B
(Querist)
27 June 2013
But the Bank has asked the customer to provide the format. That's why I need your help.
Ajay Mishra
(Expert)
27 June 2013
give id i will send the same.
SAI CHANDU B
(Querist)
06 July 2013
Thank you very much.
My e-mail id is saichanduca@gmail.com
My e-mail id is saichanduca@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Rectification under processing even after 6 months cpc portal
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- Applicability of tax on invoice
- Import of Capital Machine
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
