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Form of Continuing Bond

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..... President of India in the sum of Rupees thirty thousand of lawful money of India to be paid to the said President of India, his certain Attorney, successors, and assigns for which payment to be well and truly made we bind ourselves, our heirs and representatives jointly and each of us binds himself, his heirs and representatives severally, firmly by these presents, sealed with our respective seals .....

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..... ....... have applied to the [Principal Commissioner of Customs or Commissioner of Customs, as the case may be]............................ for permission from time to time to ship in the coasting vessels under their agency the goods particularised in the relative shipping bills liable to an export duty under the Second Schedule to the Indian Tariff Act, 1934 (32 of 1934), or any other law for the .....

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..... dition of the above written bond is such that if the said.......................... his heirs and representatives shall cause the whole of the said goods (particularised in the relative shipping bills) to be duly landed at the port of destination within.............. days from the date of shipment and shall also procure and deliver to the [ Principal Commissioner of Customs or Commissioner of Cust .....

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..... on behalf of the said President of India such penalty not exceeding twice the value of the deficiency not accounted for to the satisfaction of the said Customs [Principal Commissioner of Customs or Commissioner of Customs, as the case may be] within reasonable period, as may be imposed by the said Customs [ Principal Commissioner of Customs or Commissioner of Customs, as the case may be ] in respe .....

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