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TMI BlogGeneral Bond (with Surety/Security) to be executed by the Export Oriented Units /Units in the Electronic Hardware Technology Park/Software Technology Park/ Bio-Technology Park.X X X X Extracts X X X X X X X X Extracts X X X X ..... rs, liquidators, legal representatives and assignees) hereby hold and firmly bind ourselves jointly and severally unto the President of India, 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. 2. WHEREAS we the obligors have been granted by the Government an industrial license for setting up a Export Oriented Undertaking for the manufacture of goods and/or rendering of services for export out of India on the terms and conditions stipulated in the Letter of Intent No……..dated……….and we the obligors have duly accepted the s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty and dispatch the same by air, sea, rail or road for export to foreign countries without payment of duty/tax and when required bona fide to do so, or other EOUs/Warehouses subject to the prescribed conditions set out for the due arrival of the said goods at the said EOUs/warehouse. 7. AND WHEREAS the Deputy or Assistant Commissioner of Customs or Central Excise has permitted the obligor to remove the goods sourced imported/domestically or goods partially manufactured or processed therefrom to any other place in India without payment of duty subject to such conditions and limitations as may be specified by him for the purpose of repair, refining, processing, testing, job work or display and to be returned to the unit thereafter. 8. AND W ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tral Excise Act, 1944 and the rules and regulations made thereunder in respect of the said goods. 2. We, the obligors shall, pay on or before a date specified in a notice of demand all duties, and rent and charges claimable on account of the said goods under the Customs Act, 1962, Central Excise Act, 1944 and rules/regulations made thereunder together with interest on the same from the date so specified at the rate applicable. 3. We, the obligors shall discharge all duties, penalties and interest imposed for violation of the provisions of the Customs Act, 1962, Central Excise Act, 1944, rules and regulations in respect of the said goods not proved to the satisfaction of said officer to have been installed or used in connection with produc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ner of Customs or Central Excise or such other delegated authority, as the case may be, when directed by him. 8. We, the obligors, shall fulfill the export obligation and conditions stipulated in Customs or Central Excise Notifications, under which the specified goods have been imported/procured, as well as the Foreign Trade Policy and to pay on demand an amount equal to the Customs and Central Excise Duties leviable on the goods as are not proved to the satisfaction of Deputy or Assistant Commissioner of Customs or Central Excise to have been used in the manufacture of articles for export and any penalty imposed under Customs Act, 1962 or Central Excise Act, 1944 and rules or regulations made thereunder, as the case may be. 9. We, the ob ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r of Customs or Central Excise permitting the goods imported into India or procured indigenously for the purpose aforesaid or the articles manufactured or package therefrom to be taken outside the undertaking temporarily, without payment of duty, for testing, repair, re-conditioning, processing or display etc. 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 Deputy or Assistant Commissioner of Customs or Central Excise at ----- If each and every one of the above conditions is duly complied with by us, the obligors, the above written bond shall be void and of no effect otherwise the same s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... act in which the public are interested; In these presents the words imposing singular only shall also include the plural and vice versa where the context so requires; IN WITNESS THEREOF these presents have been signed this day………………. of……………….. 20………………….. hereinbefore written by the obligor(s) and the surety(ies). Place: Date: Signature of Obligor(s) Name & Residential address Witness (1) Address (1) Occupations (1) (2) Address (2) Occupations (2) Signature of Surety(s) Name & Residential address Witness (1) Address (1) Occupations (1) (2) Address (2) Occupations (2) Signature and date ..... X X X X Extracts X X X X X X X X Extracts X X X X
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