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
security
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];
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;
For
securitybond
only AND WHEREAS the Commissioner has required the obligor to deposit as
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;
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.
OTHERWISE and on breach or failure in the performance of any part of this
condition, the same shall be in full force and virtue:
For
surety
bond
only 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;
For
security
bond
only 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
-
Name and Address
Occupation
- Name and Address Occupation
Date:
Place:
Signature(s) of surety (ies).
Date:
Place:
Witnesses
- Name and Address
Occupation
- 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.