PROVISIONAL DUTY BOND

KNOWN ALL MEN BY PRESENTS THAT WE, M/S …………………………………………..hereinafter called the importers (which expression shall include its successors/heirs executors, administrators and legal representatives) are held and firmly bound into the President of India hereinafter called the President which expression shall include his successors and assigns in the sum of Rs. ............................................... .................................... to be paid to the President of India of which payments well and truly be made we bound ourselves, our successors/heirs, executors, administrators and legal represen­tatives firmly by these presents.

Sealed with our seal this.................

Whereas the Asstt. Collector of Customs, …………………………hereinafter called proper officer has agreed to make provisional assessment of the goods described in the schedule below imported by the importer pending submission of further documents and furnishing information and/ or completion of further enquiries, and the proper officer has agreed to allow clearance of the goods subject to the importer's agreeing to furnish such bond as is herein contained,

NOW THE CONDITION OF the above written bond is such that in

1. If the importer shall within six months or within such extended period as the proper officer may allow produce such documents and furnish such information as may be called for by the Proper   Officer, and

2. If the importer pays to the President the difference between the duty finally assessed and the duty provisionally assessed in respect of the goods mentioned in the schedule below.

Then the above written bond shall be void and of no effect otherwise the same shall remain in full force and virtue.

AND IT IS HEREBY AGREED AND DECLARED BY THE IMPORTER AS FOLLOWS:-

1.  This bond is given under the orders of the Central Government

For the performance of an act in which the public are interested-

2.  The President through the Assistant Collector of Customs,………………………………. or other officer may recover the said sum of Rs.........................In the manner laid down in sub section (1) of Section 142 of the Customs Act, 1962 without prejudice to any other mode of recovery.

For        ……………………….

AUTHORISED SIGNATORY

WITNESS:

1.

2.