TMI BlogINDEMNITY BONDX X X X Extracts X X X X X X X X Extracts X X X X ..... presentatives and assignees) bind ourselves to the President of India (hereinafter referred to as the Government) for due and prompt payment to Government of all and every sums that may be held to be due to the Government by virtue of the payment of Drawback to us in terms of the `Simplified Brand Rate Fixation Scheme , against exports of goods referred to hereunder : Whereas the Government has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers have applied for fixation of Brand rate of Drawback for the aforesaid goods in pursuance to the said Scheme, under Customs and Central Excise Duties Drawback Rules, 1971, and whereas the Central Government have agreed to issue a brand rate of drawback for the aforesaid goods, on the basis of brand rate application submitted by the obligers ( inter alia indicating consumption pattern of variou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Rate of Drawback; (b) Obligers shall extend full co-operation, allow inspection of the manufacturing process or produce all necessary documents to proper officer of Customs/Central Excise for ensuring quick and prompt post facto verification of the date filed in the Brand Rate application; or (c) If on post facto verification of data/particulars by the proper Customs/Central Exci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to pay the difference of the amount of Drawback already paid based on the rate letter issued without pre-verification of Brand Rate application and the amount payable on re- determination of the rate as aforesaid (including the difference payable in case of total withdrawal) which shall be treated as excess payment of Drawback to him and the Government shall be at liberty to adjust the amount so ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The undertaking of the Obligers aforesaid shall remain in full force till all the obligations of the Obligers under this present are not fully discharged to the full and final satisfaction of the Government. In witness thereof signed and delivered by the Obligers above named this ....................... day of .............. 199 . <!--?xml:namespace pref ..... X X X X Extracts X X X X X X X X Extracts X X X X
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