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General Bond for Export of Excisable Goods

1) This document is a general bond form for the export of excisable goods from India without payment of duty. 2) It binds the obligor and their legal representatives to pay a sum of money to the President of India if the obligor fails to observe the Central Excise Rules when exporting goods without payment of duty. 3) The conditions of the bond require that the goods be exported on time as directed by the Commissioner, and that any excise duties or other charges determined by the Commissioner are paid within 10 days of demand.

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126 views1 page

General Bond for Export of Excisable Goods

1) This document is a general bond form for the export of excisable goods from India without payment of duty. 2) It binds the obligor and their legal representatives to pay a sum of money to the President of India if the obligor fails to observe the Central Excise Rules when exporting goods without payment of duty. 3) The conditions of the bond require that the goods be exported on time as directed by the Commissioner, and that any excise duties or other charges determined by the Commissioner are paid within 10 days of demand.

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ashishvs
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Central Excise Series No.

19
FORM B -1 - (GEN. SEC.)
General Bond ( with surety ) for the despatch of excisable goods removed from time to time for
export to a foreign country without payment of duty
(Rule 14)
(Delete the letters and words not applicable)
I/We .................................................... of ..........................[hereinafter called obligor(s)] am/are jointly and
severally bound to the [President o f India] in the sum of ............................. rupees to be paid to the
President of India for which payment I/We jointly and severally bind myself/ourselves and my /our legal
representatives.
The above bounden obligor(s) being permitted to remove from time to time conditional on the provisions
of the Central Excise Rules / 1944, being observed/ .......... without payment of duty from the
warehouse/licensed factory at...........for exportation.
Whereas the Commissioner of Central Excise at............... [hereinafter called the Commissioner has
required the obligor(s) to deposit as security for the amount of this bond, the sum
of.................................................................. rupees in cash.
the securities as hereinafter mentioned of a total face value of rupees .....................endorsed in favour of
the President of India and accepted on his behalf by the Commissioner/ Deputy Commissioner, or
Assistant Commissioner of Central Excise, namely :and whereas the obligor(s) has/have furnished such guarantee by depositing with the Commissioner the
cash/securities as aforementioned.
The condition of this Bond is that if the obligor(s) or his/their legal representatives shall observe all the
provisions of the Central Excise Rules, 1944, and all such amendments thereto, as may be issued from
time to time to be observed in respect of the goods so removed for export.
And if the said goods are duly removed and exported within such time as the Commissioner directs.
And all such dues whether excise duty or other lawful charge s as shall be fixed by the Commissioner of
Central Excise and payable on the said goods or any portion or portions thereof are paid into the treasury
by the obligor(s) to the account of the Commissioner within ten days of the date of demand thereof being
made in writing by the said Commissioner.
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 the President of India shall, at his option, be competent to make good all the loss and damages from
the amount of the security deposit or by enforcing his rights under the above written bond or by both.
I/We declare that this bond is given under the orders of the Central Government for the performance of an
act in which the public are interested.
Place:
Date :
Signature(s)
Address (1)
of obligor(s) Witnesses (1)
Occupation (1)
(2)
Address (2)
Occupation (2)
Accepted by me this............................................. day of............................. 19..........
..........of Central
Excise
for and on behalf of the
President of India

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