Format of bank guarantee
This query is : Open
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?
26 June 2013
Different banks have different format of bank guarantee. So pls ask the bank for the same
27 June 2013
But the Bank has asked the customer to provide the format. That's why I need your help.
27 June 2013
give id i will send the same.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Relief u/s Section 89
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
