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FORM B-1 -(SECURITY)

Bond (with security) for the due dispatch of excisable goods removed for export to a foreign country without payment of duty

(Rule 13)
(Delete the letters and words not applicable)

I/We ______________________of _______________[hereinafter called the obligor(s)] am/are jointly and severally bound to thepresident of India in the sum of ___________ rupees to be paid to the president ofIndia for which payment I/We jointly and severally bind ourselves and our legal representatives

The above bounden obligor(s) being permitted to remove the excisable goods described in his/their application No. _____________dated _____________________fromthe warehouse/licensed factory at _____________________for export to ________________via_______________(airport or land customs station of export).

Whereas the Commissioner of Central Excise at ______________(hereinafter called theCommissioner has required the obligor(s) _________________to deposit as guarantee for the amount of this bond ______________the sum of _____________rupees in cashthe 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 theCommissioner, Deputy Commissioner, or Assistant Commissioner of Central Excise,namely:-

and whereas the obligor(s) has/have furnished such guarantee by depositing with theCommissioner the cash/securities as aforementioned.

The condition of this bond is that if the obligor(s) and his/their legal representativesshall 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 excisable goods so removed;

And if all the said goods are duly exported to ______________via ___________(airport, port or land customs station of export) before the day of 19;

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 toss and the damages either from the amount of the guarantee 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) of obligor(s)

Witnesses	(1)	Address (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