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FORM - E - SURETY BOND[see regulation 8] - Customs Brokers Licensing Regulations, 2013Extract FORM E [see regulation 8] SURETY BOND No of 20 . Know all men by these presents that we . . (A) . and . (B) . are held and firmly bound to the President of India in the sum of ₹ 5,00,000/- (Rupees Five Lakh) only for payment whereof we hereby bind ourselves and each of us binds himself and each of our heirs, executors and administrators firmly by these presents dated this day . . of . . in the year two thousand and . . Whereas the said . (A) . has been authorised to act as a Customs Broker under section 146 of the Customs Act, 1962 (52 of 1962) and the said . (B) . has agreed to enter into this bond as required by rules made under the said section: Now the condition of the above written bond is such that if the said . (A) . both at all times whilst holding such authorisation as aforesaid behave himself in a faithful and incorrupt manner as regards the Customs Brokers Licensing Regulations, 2013 and the officers, and if the said . (A) and . (B) . their executors, or administrators some or one of them do, and shall at all time make good to the President of India all and every sums of money which being due to the Government shall by reason of the misfeasance or negligence of the said . (A) . have not been paid to the President of India then the above written bond shall be void; otherwise the same shall remain in full force and virtue. Signed, sealed and delivered by the above named in the presence of witnesses. 1 . 2 ... Executed before me this of 20 Signature of the 1 [Principal Commissioner of Customs or Commissioner of Customs, as the case may be] (with seal) ---------------- Notes:- 1. Substituted vide Not. 56/2014 - Dated 6-8-2014
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