TEST BOND Know all men by these presents that we, M/s. ________________________________________________________ Hereafter called the ‘Importer’ which expression shall include its Successors/Heirs, Executors, Administrators and Legal Representatives held and firmly bound into the President of India (Hereafter called the ‘President’ which expression shall include his successors, and assigns) in the sum of Rs.---------------- (Rupees------------------------------------------------------------------------- ) only to be paid to the president for which payment well and truly to be made we 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, ICD Tughlakabad / CFS Patparganj, New
Delhi (Hereafter called the proper officer) has agreed to make provisional
assessment of the goods described in the schedule below imported by the
imported pending submission of the further document and furnishing
information and or completion of the further enquires and/or chemical or
other test and the proper officer has agreed to allow clearance of the
goods subject to the importer’s production within one month from the date
hereof a valid license to cover the import of the goods mentioned in the
schedule or proving to the satisfaction of the proper officer that the
import is valid and freely allowable with the current import policy for
the entire goods mentioned in the schedule below and upon the importer and
surety agreeing to furnish 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 as the
proper 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 be delivered to the proper officer within
the one month of the 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 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 not withstanding that proceedings
have not been taken against the importers. 3. The
assistant commissioner of customs, ICD Tughlakabad / CFS Patparganj, - New
Delhi or other officer of the government of India shall have full liberty
without reference to the surety and without effecting the guarantee to
postpone for any time or from time to time the exercise of any of the
powers or rights or any remedy against the importer and the surety shall
not be released by any such exercise or nonexercise by the assistant
commissioner of customs, ICD Tughlakabad / CFS Patparganj – New Delhi or
other officer of the government of India without notice or concent of the
surety or by reason of time being given to the importer or by any
variation or deviation in the terms between the president or for any other
Forbearance, Act or 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, ICD
Tughlakabd/CFS Patparganj, - New Delhi 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 all above
written. SCHEDULE 1.
Bill of Entry No. & Date 2.
Description of Goods 3.
Country of Origin 4.
Port of Shipment 5.
Assessable Value 6.
Import License No. 7.
Rate of Duty 8.
Duty Difference 9.
Importer’s Name &
Address
:
SIGNED AND
DELIVERED BY AND ON BEHALF OF THE
IMPORTERS Signatory. | |