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TMI BlogGeneral Bond (with Surety/Security) to be executed by the Export Oriented Units /Units in the Electronic Hardware Technology Park/Software Technology Park/ Bio-Technology Park.X X X X Extracts X X X X X X X X Extracts X X X X ..... old and firmly bind ourselves jointly and severally unto the President of India, hereinafter referred to as the Government in the sum of Rs................(Rupees ... ..only) for which payment to be well and truly made, we, the obligors, bind ourselves by these presents. 2. WHEREAS we the obligors have been granted by the Government an industrial license for setting up a Export Oriented Undertaking for the manufacture of goods and/or rendering of services 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. 3. AND WHEREAS we the obligors have been granted by competent authority a GSTIN /Central Excise Registration ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nditions set out for the due arrival of the said goods at the said EOUs/warehouse. 7. AND WHEREAS the Deputy or Assistant Commissioner of Customs or Central Excise has permitted the obligor to remove the goods sourced imported/domestically or goods partially manufactured or processed therefrom to any other place in India without payment of duty subject to such conditions and limitations as may be specified by him for the purpose of repair, refining, processing, testing, job work or display and to be returned to the unit thereafter. 8. AND WHEREAS the Deputy or Assistant Commissioner of Customs or Central Excise has permitted provisional assessment of goods manufactured by the above obligors from time to time which could not be finaliz ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... specified at the rate applicable. 3. We, the obligors shall discharge all duties, penalties and interest imposed for violation of the provisions of the Customs Act, 1962 , Central Excise Act, 1944 , rules and regulations in respect of the said goods not proved to the satisfaction of said officer to have been installed or used in connection with production or packaging of goods for export out of India or cleared for home consumption within the period of validity of Letter of Permission (LOP) and also pay interest at a rate applicable from the date of duty free import or procurement of the said goods till the date of payment of such duty. 4. We, the obligors shall, furnish to the jurisdictional Deputy or Assistant Commissioner of Cus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stoms and Central Excise Duties leviable on the goods as are not proved to the satisfaction of Deputy or Assistant Commissioner of Customs or 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 thereunder, as the case may be. 9. 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 payment of duty from the domestic tariff area and transported from the place of procurement to our premises for use and shall also pay after final assessment by the proper officer or Deputy or Assistant Commissioner of Customs or C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and style under which we, the obligors, are doing business or change the location of the manufacturing premises except with the written permission of the Deputy or Assistant Commissioner of Customs or Central Excise at ----- If each and every one of the above conditions is duly complied with by us, the obligors, the above written bond shall be void and of no effect otherwise the same shall remain in full force and effect and virtue. It is hereby declared by us, the obligors and the Government as follows:- (1) The above written bond shall continue in force notwithstanding the transfer of the goods to any other person or removal of the said goods from one unit to another unit. (2) The above written bond is given for the performanc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate: Signature of Obligor(s) Name Residential address Witness (1) Address (1) Occupations (1) (2) Address (2) Occupations (2) Signature of Surety(s) Name Residential address Witness (1) Address (1) Occupations (1) (2) Address (2) Occupations (2) Signature and date Name------------------ Designation--------------- ACCEPTED for and on behalf of the President of India on ..day of ..20 .. Signature and date Nam ..... X X X X Extracts X X X X X X X X Extracts X X X X
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