Eximkey - India Export Import Policy 2004 2013 Exim Policy

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FORM B-10 -(SURETY)

Bond (with surety) for provisional assessment of goods to excise duty
(Rule 9B)
(Delete the words and letters not applicable)


I/We ________________of ________________hereinafter called the obligor(s) and _________________of ______________hereinafter called the surety are jointly and severally bound to the President of India (hereinafter referred to as the Government in the sum of ___________rupees to be paid to the Government for which payment we jointly and severally bind ourselves and our respective legal representatives;

Whereas final assessment of excise duty of _________________________(here enter quantity) of _____________hereinafter called the goods manufactured/cured/warehoused at by the obligor(s) could not be made for want of full information as regards value/description/ quality or of proof therefore or for the non-completion of the chemical or other tests in respect therefore;

And whereas the obligor(s) desires/desire that the Government should make provisional assessment of excise duty of the said goods pending final assessment as per provisions contained in Rule 98 of Central Excise Rules, 1944;

Now the condition of this bond is that if the said obligor(s) shall observe all the provisions of the Central Excise Rules, 1944, and all amendments thereto, as may be issued from time to time, so far as they relate to such provisional assessments;

And if the said obligor(s) shall furnish the said information or the said proof within such period as may be fixed by the proper officer;

And if all dues, whether excise duty or other lawful charges which shall be demandable in respect of such goods on the basis of the value, description or quality as ascertained after final assessment by the proper officer be duly paid into the treasury to the account of the Commissioner within ten days of the date of demand thereof being made in writing by such officer;

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.

I/We declare that this bond is given under the orders of the Central Government for the performance 9f an act in which the public are interested.

Place:
Date:

Signature of surety(ies).

Witnesses (1)Address (1)Occupation (1)
(2)Address (2)Occupation (2)

signature(s) of obligor(s)

Place:
Date:
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.]

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