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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