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FORM B-14- (GEN.SUR.)
General Bond (with surety) for payment of the balance of excise duty and
interestthereon

(Rules 9 and 49)
(Delete the letters and words not applicable)

I/We ______________of _____________hereinafter called obligor(s)] and_______________of ___________hereinafter called the surety (ies)] are jointlyand severally bound to the President of India in the sum of rupees to be paid tothe President of India for which payment we jointly and severally bind ourselvesand our respective heirs, executors, administrators and legal representatives/our successors and assigns by these presents.

Dated this ________________day of ________________

Whereas the above bounden obligor(s) is / are a licensed manufacturer of_______________(the licence No. being ________________) at his/their factory(ies) at____________________

And whereas the Commissioner of Central Excise hereinafter called the Commissionerhas permitted the Obligor(s) to remove the said goods on payment of_____________ %_______________ of theduty only at the time of clearance and on the obligor(s) agreeing to pay thebalance of ______________ % on or before the last working day of the third month following hemonth in which the goods are cleared together with interest-at the rate of___________ % per annum thereon in accordance with the notification of the Governmentof India in the Ministry of Finance (Department of Revenue) No._________ dated the ________________

Now the condition of this bond is that if the obligor(s) shall observe all theprovisions of the Central Excise Rules, 1944, and the said notification and allamendments thereto as may be issued from time to time to be observed in respectof payment of the balance amount of duty and interest thereon.

And if all the dues whether duty or interest or other lawful charges which shall bedemandable on the goods being cleared as shown by the records of the properofficer of Central Excise be duly paid into the treasury to the account of theCommissioner within 10 days of the date of demand thereof being made in writingby the officer(s) of the Central Excise, this obligation shall be void.

Otherwise and on breach or failure in the performance of any part of this condition thesame shall be in full force and virtue. And it is hereby declared that- (a) any forbearance or indulgence on the part of the President of India or theCommissioner shall not in any way release the said surety, his heirs, executors,administrators and representatives from his or their liability under theabove-written bond, and

(b) that this bond is entered into under the orders of the Central Government forthe performance of an act in which the public are interested.

Signature(s) of obligor(s).

Place:
Date:

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

Signature(s) of surety(ies).

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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