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BOND-CUM-LEGAL UNDERTAKING FOR DEVELOPER

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..... icer hereinafter referred to as the Government in the sum of Rs. ................. Rupees .................. only) for which payment to be well and truly made, we, the obligors bind ourselves by these presents. Whereas we, the obligors have been granted by the Government a Letter of Approval to develop, operate and maintain .................. Special Economic Zone or develop, operate and maintain infrastructure facilities in .................. Special Economic Zone on the terms and conditions stipulated in the Letter of Approval number .................. dated .................. and we the obligors have duly accepted the said terms and conditions. And whereas the Specified Officer has approved the place of storage of goods .....

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..... has permitted provisional assessment of goods brought into the special economic zone by the above obligors from time to time which could not be finalized for want of full information as regard to value or description or quality or the proof thereof or for the non-completion of the chemical or other tests in respect thereof or otherwise as per request of the obligors. Now the conditions of the above written bond- cum -legal undertaking are that: 1. We, the obligors shall observe all the provisions of the Special Economic Zones Act, 2005 and the rules and orders made thereunder in respect of the said goods. 2. We, the obligors shall refund an amount equal to the benefits of exemptions, drawback, .....

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..... turns within a period of thirty days following the close of quarter/half year, as prescribed under the Special Economic Zones Rules, 2006. In case of wrong submission of such information or failure to submit such information within the stipulated time, the permission granted to us for carrying out the authorized operations may be withdrawn and/or the permission for further imports/domestic procurement and sales in the Domestic Tariff Area may be stopped. 7. We, the obligors shall fulfill other conditions stipulated in the Special Economic Zones Act, 2005, Special Economic Zones Rules, 2006 and orders made there-under, as amended from time-to-time. 8. We, the obligors shall not change the name and .....

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