To Be Printed on



The Deputy Commissioner of Customs
New Customs House

New Delhi

Know all men by these presents that we, m/s.________________________________________________________ hereinafter called the ‘importer’ (which expression shall include its successors/heirs, executors, administrators and legal representatives) held and firmly bound into the president of India (hereinafter called the ‘president’ which expression shall include his successors, and assigns) in the sum of rs.60,000/- (rupees sixty thousand only) to be paid to the president of India for which payment well and truly to be made bind ourselves our successors, heirs, executors, Administrators and legal representatives firmly by these presents.

 Sealed with our seals this______________________________________________________ 1997

Whereas the Assistant Commissioner of customs, New Delhi (hereinafter called the proper officer) has agreed to make provisional assessment of the goods described in the schedule below imported by the importer pending decision of the special valuation branch in regards to the valuation aspect for importer from parent office and the proper officer has agreed to allow clearance of the goods subject to the importer agreeing to furnish such bond as is herein contained.

Now the condition of the above written bond is such that:

1. If the importer shall within twelve month or within such extended period officer may allow produce such documents and furnish such information as may be called for by the proper officer and

2. If the importer pays to the president the difference between the duty finally assessed and the duty provisionally assessed in respect of the goods mentioned in the schedule below, and

3. If the importer delivers or cause to the delivered to the proper officer within one month of a demand being made by the proper officer a valid import licence covering the entire goods mentioned in the schedule below, and then the above written bond shall be void and of no effect otherwise the same shall remain in full force and virtue.

And it is hereby agreed and declared by and between the parties as follows:

1. This bond is given under the orders of the central government for the performance of an act in which the public are interested.

2.  This bond shall be enforceable against the surety notwithstanding that proceedings have not been taken against the importers.

3.  The Assistant Commissioner of customs, customs house, New Delhi or other officer of the government of India shall have full liberty without effecting the guarantee to postpone for any time or from time to time the exercise of any of the powers and rights conferred on them by law or this bond and either to enforce or forbear to enforce any such powers and right or any remedy against the importer, and the surety shall not be releaved by any such exercise or non exercise by the assistant commissioner of customs, new customs house, New Delhi or other officer of the government of India without notice or corticent of the surety or by reason of time being given to the importer or by on variation or deviation in the terms between the president and the importer or for any other forbearance, act or omission on the part of the government officer to the importer which under the law relating to surety would but for this provision have the effect of releasing the surety.

4. The president through the assistant commissioner of customs, new customs house, New Delhi or other officer may recover the said sum of Rs.___________ (Rupees _______________________________ only) in the manner laid down in sub section (1) of section 142 of the customs act, 1962 without prejudice to any other mode of recovery.

In witness thereof the importer, and the surety have herein sent and subscribed their respective hand and seals the day, month and year for at above written:

1.       Bill of entry no. & date    :

2.       Description of goods           :

3.       Country of origin               :

4.       Port of shipment                :

5.       Cif value                                :

6.       Assessable value                         :

7.       Import licence no.            :

8        Importer’s name & Address                 :