Annexure-16
FORM B-1
GENERAL BOND
(SURETY/SECURITY)
General Bond with surety/security for removal for export of
excisable goods without payment of duty for export
For surety bond
[I/We
...................................of............................ hereinafter
called "the obligor(s)" and ……………................. of………................hereinafter
called "the surety(ies)"/ am/are held and firmly bound to the
President of India (hereinafter called the "President") in the sum
of...........................rupees to be paid to the President for which payment
will and truly to be made/ I/We jointly and severally bind myself/ourselves and
my/our respective heirs, executors/ administrators, legal
representatives/successors and assigns by these presents] :
For securit y bond
I/We.................of....................hereinafter
called "obligor(s)"I/am/are held and firmly bound to the President of
India (hereinafter called "the President") in the sum
of......................rupees to be paid to the President of India for which
payment will and truly to be made, I/We jointly and severally bind
myself/ourselves and my/our respective heirs/ executors/ administrators/ legal
representatives/successors and assigns by these presents];
For securit y bond only
Dated this...................day of....................
WHEREAS the above bounden obligor has been permitted to remove from time to
time the excisable goods from his registered warehouse/registered factory at
...........for export to foreign countries without payment of duty;
AND WHEREAS the Commissioner has required the obligor to
deposit as For security for the amount of this bond/ the sum of
............................................ rupees in cash (the securities as
hereinafter mentioned of a total value of
............................................. rupees endorsed in favour of the
President and accepted on his behalf by the Assistant Commissioner of Central
Excise or Deputy Commissioner of Central Excise, namely,
............................. and whereas the obligor has furnished such
guarantee by depositing with the Commissioner the cash/securities as
aforementioned;
The condition of this bond is that if the obligor and his
representative shall observe all the provisions of the Central Excise (No.2)
Rules, 2001 and all such amendments thereto as may be issued from time to time
to be observed in respect of export of excisable goods to a foreign country or
manufacture of goods and export thereof under rule 19;
And whereas the obligor(s) has /have furnished such
guarantee by depositing with the Assistant Commissioner of Central Excise or
the Deputy Commissioner of Central Excise the cash/securities/bank guarantee as
aforementioned.
And shall observe all the provisions of the Central Excise
(No.2) Rules, 2001 or the provisions of other rules made under the Central
Excise Act, 1944 (1 of 1944) and all such amendments thereto, as may be issued
from time to time so far as they relate to the export of excisable goods
without payment of the whole or part of the duty;
For surety bond only
And if the relevant and specific goods are duly exported to
destination within such time as specified in the Central Excise (No.2) Rules,
2001 or notifications issued thereunder and/or if all dues whether excise duty
or other lawful charges, which shall be demandable on the goods removed by the
obligor(s) without payment of the whole or part of the duty and transported
from the place of procurement for export as shown by the Central Excise
records, be duly paid into the treasury to the account of the Commissioner of
Central Excise along with such interest as may be specified in the said
rules,/notification within ten days of the date of demand thereof being made in
writing by the said Officer of Central Excise, this obligation shall be void.
For securit y bond only
OTHERWISE and on breach or failure in the performance of any
part of this condition, the same shall be in full force and virtue:
Provided always that the liability of the surety hereunder
shall not be impaired or discharged by reason of any time being granted or any
forbearance, act or omission of the Government (whether with or without the
knowledge or the consent of the surety) in respect of or in relation to the
obligation and condition to be performed or discharged by the obligor(s) nor
shall it be necessary to sue the obligor(s) before suing the surety for amounts
hereunder;
AND the President shall, at his option, be competent to make
good all the loss and damages from the amount of the security deposit or by
endorsing his rights under the above-written bond or the both;
I/We further declare that this bond is given under the
orders of the Central Government for the performance of enact in which the
public are interested.
In these presents the words imposing singular only shall
also include the plural and vice versa where the context so requires;
IN THE WITNESS THEREOF these presents have been signed the
day hereinbefore written by the obligor(s) and the surety(ies).
Signature(s) of obligor(s).
Date:
Place:
Witnesses
(3) Name and Address Occupation
(4) Name and Address Occupation
Date
Place
Signature(s) of surety (ies).
Date:
Place:
Witnesses
(1)
Name and Address Occupation
(2)
Name and Address Occupation
Accepted by me this.............................day of
.........................(month).................……..(year)
………………………………..of
Central Excise, (Designation)
for
and on behalf of the President of India.
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