9911796707
TMI BlogFormat of bank guarantee to be taken from central excise assessees 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 ..... of India Central Board of Excise & Customs New Delhi Subject : Format of bank guarantee to be taken from central excise assessees in case of clearances allowed in pursuance of orders of Court. In view of the recommendations of the Public Accounts Committee in its 92nd Report and the 151st Report that bank guarantees filed for the differential duty in respect of goods cleared in pursuance of Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y guarantee the payment of Rs._________(Rupees __________) to the President of India acting through the Collector of Central Excise______________(hereinafter referred to as 'the Central Government) in the circumstances subject to condition noted below : - Whereas, in Civil Miscellaneous Petition No._______ of_________ In Civil Petition No.____________of Union of India and others, Hon'ble High Cou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... resident of India, hereafter called the central Government for a sum of Rs.___________(Rupees ___________) and accordingly we, do as primary obliger and not merely as surety, hereby irrevocably, unconditionally and absolutely guarantee and convenient with the Central Government represented by Collector of Central Excise________and/or his successor or successors in office that on vacation of interi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der these presents. And it is hereby farther declared that notwithstanding anything contained herein before the liability of the Bank is restricted to the said sum of Rs.__________________). It is further declared that this is an unconditional guarantee and the liabilities of us (the bank) created herein shall not be discharged due to any change in the constitution of the bank or the petitioner. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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