TMI BlogBOND-CUM-LEGAL UNDERTAKING FOR SPECIAL ECONOMIC ZONE UNITX X X X Extracts X X X X X X X X Extracts X X X X ..... to the President of India acting through the Development Commissioner of ............. Special Economic Zone and the Specified Officer (hereinafter jointly referred to as 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 the Development Commissioner has issued Letter of Approval No. ............. dated ............. to the obligors, containing the terms and conditions for setting up and operating the unit in the Special Economic Zone, including the requirement of achieving positive Net Foreign Exchange Earning as provided under the Special Economic Zones Rules, 2006 and orders made thereunder, hereinafter refer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ronic hardware technology park units or to software technology park units or to units in the same or other Special Economic Zone, without payment of duty. And whereas the obligors have been permitted to remove the said goods or goods partially manufactured or processed therefrom to any other place in the Domestic Tariff Area without payment of duty for the purpose of sub-contracting or test or repair or calibration or re-engineering or re-conditioning or display and to be returned to the unit thereafter as per the provisions of the Special Economic Zones Act, 2005 and rules and orders made thereunder. And whereas the Specified Officer has permitted provisional assessment of goods brought into the special economic zone or manufactured ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... obligors, shall pay the duty on pilfered goods, if any. We, the obligors shall maintain accounts of all goods imported or procured from the Domestic Tariff Area or consumed and utilized, in proper form, including those remaining in stock and those sent temporarily out side the Special Economic Zone in the Domestic Tariff Area under our obligation and shall produce such accounts for inspection of the Specified Officer or Authorized Officer. We, the obligors shall intimate the date of commencement of the production/service activities for export within one month of such date to the Development Commissioner. We, the obligors shall, after the commencement of production or service activities, submit to the Development Commiss ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall not dispose of goods and services admitted into the Special Economic Zone or goods manufactured or services to the Domestic Tariff Area except as provided under Special Economic Zones Act, 2005 and the rules and orders made thereunder. We, the obligors shall comply with the conditions and limitations stipulated in the rules on temporary removal of goods to the Domestic Tariff Area, without payment of duty, for the purposes of sub-contracting or test or repairs or reconditioning or processing or display. 13. We, the obligors shall not change the name and style under which we, the obligors are doing business or change the location of the manufacturing premises except with the written permission of the Development Commissi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rested. In these presents the words imposing singular only shall also include the plural and vice versa where the context so requires; In witness whereof these presents have been signed this day .........of ........... 20.... hereinbefore written by the obligor(s). Place Signature of the Obligor Date Name and Residential address Witness (1) Address (1) Occupation (1) (2) Address (2) Occupation (2) Accepted for and on behalf of the President of India on ..... day o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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