Query about b.g

Save Share

This query is : Resolved

Govind Agrawal (Querist)
Follow

15 January 2014 We are a trader got a purchase order for supply of material. The buyer is agreed to give an advance of 10% of total order price & a bank Guarantee for Rs. 60 lakhs.
For which what will be the secured format of the B.G?

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

16 January 2014 Dear govind,

BG issued by a bank on behalf of a person. it is a standardised banking instrument...you need not worry too much...however ensure that the BG is issued by a reputed bank preferably nationalized one.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now