To Be Printed on

STAMP PAPER FOR Rs.100

TEST BOND

   
The Assistant Commissioner of Custom
New Delhi

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.