9911796707
TMI BlogGeneral Bond (with Surety/Security) to be executed by the 100% EOUs/Units in the EHTP/STP/FTZX X X X Extracts X X X X X X X X Extracts X X X X ..... of goods for export out of India on the terms and conditions, stipulated in the letter of intent No. _________dated __________and we the obligors have duly accepted the said terms and conditions. AND WHEREAS the Assistant Commissioner of Customs/Central Excise at _________________has licensed/ authorised the premises at as a private warehouse/unit wherein the dutiable goods, imported/sourced indigenously by us from time to time for manufacture of goods as aforesaid could be deposited for a period of 5 years/one year as the case may be without payment of duty on conditions specified in sub-section (1) of section 59 of the Customs Act, 1962, which conditions we the obligors hereby accept. AND WHEREAS on compliance with the provisions of the said Section 59 as aforesaid, the proper officer / Assistant Commissioner of Central Excise or such other delegated authority, as the case may be, has made an order under section 60 of the Customs Act and under chapter X of the Central Excise Rules, 1944, permit- ting us to deposit the aforesaid goods in the said private warehouse without payment of duty. AND WHEREAS we the obligors having been permitted by the Assist ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... therwise, as per the provisions contained in the Central Excise Rules, 1944 as per request of the obligor. AND WHEREAS the Commissioner of Central Excise or such other delegated authority as the case may be, has required the obligor to deposit as security for the amount of this bond, the sum of Rs. (Rupees) in cash (the securities as hereinafter mentioned of a total value of Rs. (Rupees) endorsed in favour of the President of India and accepted for and on behalf of the President of India by the Commissioner, Deputy Commissioner, Assistant Commissioner, Superintendent of Central Excise, namely ) and whereas the obligor has furnished such guarantee by depositing the cash/ securities as aforementioned. NOW THE CONDITIONS OF THE ABOVE WRITTEN BOND ARE THAT 1. We, the obligors shall, observe all the provisions of the Customs Act, 1962, Central Excise Act, 1944 and the rules and regulations made there under in respect of the said goods. 2. We, the obligors shall, pay on or before a date specified in a notice of demand all duties and rent and charges claimable on account of the said goods under the Customs Act; 1962, Central Excise Act, 1944 and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs shall, provide to the officer of Customs/Excise stationed at the warehouse for control and supervision of the manufacturing processes and other operations such amenities as may be specified by the Assistant Commissioner. 9. We, the obligors, shall pay all charges, including pay, allowance, leave and pensionary, charges of such officer. 10. We, the obligors, shall fulfill the export obligation conditions stipulated in Customs/Central Excise Notifications, as amended, under which the specified goods have been imported/sourced, as well as the Import-Export Policy for April, 1997 to 2002, as amended from time to time and to pay on demand an amount equal to the Customs and Central Excise Duties leviable9n the goods as are not proved to the satisfaction of Assistant Commissioner of Customs/Central Excise to have been used in the manufacture of articles for export and any penalty imposed under Customs Act, 1962 or Central Excise Act, 1944 and rules or regulations made thereun4er as the case may be. 11. We, the obligors, shall discharge all dues whether Central Excise duty or the lawful charge which shall be demandable on the goods obtained by us without ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nother warehouse; 2. The above written bond is given for the performance of an act in which the public are interested; 3. The Government through the Commissioner of Customs/Central Excise or any other officer of Customs/Central Excise recover the sums due from the obligors in the manner laid down in sub-section (1) of section 142 of the Customs Act, 1962 or sub-section (1) of section IIA of the Central Excise Act, 1944: Provided always that the liability of the surety hereunder shall not be impaired or discharged by reason of any time being granted or any forbearance, act or omission of the Government (whether with or without the knowledge or the consent of the surety) in respect of or in relation to the obligation and condition to be performed or discharged by the obligor(s) nor shall it be necessary to sue the obligor(s) before suing the surety for amounts hereunder. AND the President of India shall, at his option, be competent to make good all the loss and damages from the amount of the security deposit or by endorsing his rights under the above written bond or both; I/WE further declare that this bond is given under the orders of the C ..... X X X X Extracts X X X X X X X X Extracts X X X X
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