PROVISIONAL DUTY BOND
KNOWN
ALL MEN BY PRESENTS THAT WE, M/S …………………………………………..hereinafter called the
importers (which expression shall include its successors/heirs executors,
administrators and legal representatives) are 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
of which payments well and truly be made we bound ourselves, our
successors/heirs, executors, administrators and legal representatives
firmly by these presents.
Sealed with our seal
this.................
Whereas the Asstt. Collector of Customs,
…………………………hereinafter called proper officer has agreed to make provisional
assessment of the goods described in the schedule below imported by the
importer pending submission of further documents and furnishing
information and/ or completion of further enquiries, and the proper
officer has agreed to allow clearance of the goods subject to the
importer's agreeing to furnish such bond as is herein
contained,
NOW
THE CONDITION OF the above written bond is such that in
1. If
the importer shall within six months 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.
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 THE IMPORTER 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. The President through the Assistant Collector of
Customs,………………………………. or other officer may recover the said sum of
Rs.........................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.
For
……………………….
AUTHORISED SIGNATORY
WITNESS:
1.
2.
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