P.D.BOND (SVB)
THE ASSISTANT COMMISSIONER OF CUSTOMS 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._________________________ to be paid to the President of India for
which payment will and truly to be made bind ourselves, our successors,
heirs, executors, administrators and legal representatives firmly by these
presents. Sealed with our Whereas
the Assistant Commissioner of Customs,
____________________(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 months or within
such extended period officer may allow product 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 in respect of
the goods mentioned in the schedule below and 3. If the importer delivers or cause to be delivered to
the proper officer within one month of a demand being made by the proper
officer a valid import license 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 thet proceedings have not been taken against the
Importers. 3. The Assistant
Commissioner of customs, IGI Airport 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 of them by law or this bond and
either to enforce or forebear 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,
IGI Airport 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 forebearance, 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 or other officer
may recover the said sum of
Rs.
(Rupees_______________________________________________________________Only) in the manner laid
down in subsection(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) Assesable
Value : (7) Import Licence
No. : (8) Importer’s
Name & Address : Signed and delivered by and on behalf of the Importers
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