[FORM A2] Form of Bank Guarantee (See Rule 18) To The Excise Superintendent, ........................................ Dear Sir, WHEREAS Sri/Sarvasri ............................... S/o..................................................................... R/o..................................................................... Occupation ............................................................. is/ are ................................. the auction purchaser of toddy/arrack shop situated in .............................. District or group of shops known as .............................................. group situated in ............................ District and such is/are liable to pay monthly rental of Rs....................................................................... and Sri/Sarvasri .............................................................. is/are liable to furnish a guarantee according to Rule 18 of Andhra Pradesh Excise (Lease of Right to Sell Liquor in Retail) Rules, 1969 of a Bank. We hereby guarantee to pay Rs...................... (Rupees ......................................................only) being the rentals for two.................................. months for the period of lease year ............................. to the Government along with such interest on the above amount which may accrue. In case Sri/Sarvasri ............................................................... S/o.............................................. R/o.................................................fail/fails to pay the rentals for any month by 20th of that month during the excise year ................... We ............................. Bank shall pay on receipt of a demand from the licensing authority for that month's rental due from the licensee along with interest at 15%. Further, We ............................................... Bank undertake to pay the said amount guaranteed on demand from the licensing authority in case the deposits are forfeited under Rule 39 or the amount is required for adjustment towards arrears under Rule 40 of Andhra Pradesh Excise (Arrack and Toddy Licences General Conditions) Rule, 1969. This guarantee shall in force for a period of 15months from the date of execution or clearance certificate is obtained from the Excise Superintendent, whichever is later. We undertake not to revoke this guarantee under any circumstances till clearance certificate is obtained from the Excise Superintendent. Yours faithfully, For ....................... Bank .....................
