Regulation 4 - Execution of Bond - Manufacture and Other Operations in Warehouse Regulations, 1966

4. Execution of Bond. — The [Assistant Commissioner of Customs or Deputy Commissioner of Customs] may, if he is satisfied that the applicant has carried out such alterations to the warehouse premises as may be required for this purpose and that the volume of trade and other considerations justify grant of sanction direct the applicant to file a bond, undertaking inter alia to — (i) observe all the provisions of these regulations; (ii) maintain detailed accounts of all imported and other goods used in the manufacturing process or other operations in the proper form and to produce such accounts for inspection by the proper officer; (iii) submit detailed statements of all imported and other goods used in the manufacturing process or other operations and those remaining in stock, at any time the proper officer directs; [(iv) provide to the officers of customs office space, wherever required, and access to warehouse, for control and supervision of the manufacturing process or other operations or imported and other goods as may be specified by [Assistant Commissioner of Customs or Deputy Commissioner of Customs]; (v) pay all the charges including pay, allowances, leave and pensionary charges of such officers as may from time to time be posted by the [Assistant Commissioner of Customs or Deputy Commissioner of Customs] in the warehouse for supervision and control of the manufacturing process or other operations, or imported and other goods.] (vi) comply with such conditions as may be imposed by the [Assistant Commissioner of Customs or Deputy Commissioner of Customs] from time to time for carrying out the purposes of these regulations and the Act.