GENERAL PROVISIONAL
ASSISMENT BOND
The Deputy
Commissioner of Customs
New
Customs House
New Delhi
Know
all men by these presents that we,
m/s.________________________________________________________
hereinafter called the ‘importer’ (which expression shall
include its successors/heirs, executors, administrators and
legal representatives) 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.60,000/- (rupees sixty thousand only) to be paid to
the president of India for which payment well and truly to be
made 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, New
Delhi (hereinafter called the proper officer) has agreed to
make provisional assessment of the goods described in the
schedule below imported by the importer pending decision of
the special valuation branch in regards to the valuation
aspect for importer from parent office and the proper officer
has agreed to allow clearance of the goods subject to the
importer agreeing to furnish such bond 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 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 the delivered to the proper
officer within one month of a demand being made by the proper
officer a valid import licence covering the entire goods
mentioned in the schedule below, and 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 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 notwithstanding that proceedings have not been taken
against the importers.
3. The Assistant Commissioner of customs, customs
house, New Delhi or other officer of the government of India
shall have full liberty without effecting the guarantee to
postpone for any time or from time to time the exercise of any
of the powers and rights conferred on them by law or this bond
and either to enforce or forbear to enforce any such powers
and right or any remedy against the importer, and the surety
shall not be releaved by any such exercise or non exercise by
the assistant commissioner of customs, new customs house, New
Delhi or other officer of the government of India without
notice or corticent of the surety or by reason of time being
given to the importer or by on variation or deviation in the
terms between the president and the importer or for any other
forbearance, act or omission 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,
new customs house, New Delhi or other officer may recover the
said sum of Rs.___________ (Rupees
_______________________________ only) 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.
In
witness thereof the importer, and the surety have herein sent
and subscribed their respective hand and seals the day, month
and year for at above written:
1. Bill of entry
no. & date :
2. Description of
goods
:
3. Country of
origin
:
4. Port of
shipment
:
5. Cif
value
:
6. Assessable
value
:
7. Import licence
no.
:
8 Importer’s
name & Address
:
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