TMI BlogFormat of bond to be taken from importers in case of clearances allowed in pursuance of orders of CourtX X X X Extracts X X X X X X X X Extracts X X X X ..... suance of Court's orders where stay is granted against recovery of duty should have the conditions that duty becomes recoverable immediately on vacation of stay orders and they should have a provision for enforcement immediately on vacation of the stay order of the Court or the final decision of the writ petition, whichever is earlier. A standard format for such a bond has been devised in consultation with the Ministry of Law. The format of the bond duly vetted by the Ministry of Law is enclosed. 2. It has been decided that all bond accepted in pursuance of Court's orders should be in the enclosed format and that this should be brought into force with immediate effect. You are requested to bring this to the notice of the trade and the imp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed by the respondents to the satisfaction of the Collector of Customs, _________ before taking delivery of the goods. AND WHEREAS the Importer has agreed to bind himself/themselves/itself firmly fully and unconditionally to the President to pay immediately on demand, the aforesaid sum of Rs. ____________ in the event of vacation of the said stay order or in the event-of the decision adverse to the Importer- being given by the said Court or dismissal of writ .petition/Special Leave Application or any further Order' of the Court whichever is earlier. NOW THE CONDITION of the above written bond is such that if the Importer shall immediately, on vacation of the said stay order or in the event the decision adverse to the Importer being given ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ____ The conditions of the bond may be suitably modified on the basis of the actual terms and conditions of the order of the Court. In case of a Company or Registered firms, registered address of the company or the firm is to be mentioned. Strike out which is not applicable. In case of a Partnership firm all the partners or the partner having authority to bind other partners can only execute the bond. 1. BE No. and dated : 2. Shipper's Name : 3. Ships Name : 4. Importer's Name : 5. Invoce No. and date quantity and value : 6. Description of goods : 7. Port of shipment : 8. Country of Origin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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