Bond To Be
Executed By Importer Of Personal Baggage
KNOW
ALL MEN BY THESE PRESENTS that we (1) A son of................. resident of ………………… hereinafter
called the Importer, which expression shall unless it be repugnant to the
context or meaning thereof, be deemed to mean and include his heirs, legal
representatives, executors and administrators, (2) B son of ......... resident
of hereinafter called the surety, which expression shall unless it be repugnant
to the context or meaning thereof, be deemed to mean and include his heirs,
legal representatives, executors and administrators, bind ourselves jointly and
severally unto the President of India through the Joint Chief Controller of
Imports and Exports of the sum of Rs ………… . for which payment will and truly to
be made, we bind ourselves firmly by these presents Signed by us this ………… day of ………. 20
……
WITNESSES
Signature
WHEREAS
The Joint Chief Controller of Imports and
Exports ............. (hereinafter referred to as the said Joint Chief
Controller of Imports and Exports, which expression shall include the person
performing the duties of the Joint Chief Controller of Imports and Exports
…………. for the time being) has vide
letter dated permitted the
clearance of.........….., more particularly described in the Schedule
hereinafter written, imported in India by the importer
NOW
THE CONDITIONS OF THE ABOVE WRITTEN BOND are that if
the said importer re‑exports the…………… at
the time of his leaving India or obtains permission from the ITC Authority for
leaving the .......... in India while proceeding abroad for a period exceeding . months and if the said importer shall
not sell, pledge, mortgage. hypothecate or part with possession of the said
……………. or otherwise of the said . then the above written bond shall be void.
but otherwise it shall remain in full force and virtue and it is hereby agreed
and declared as follows:
(1) The above written bond shall remain in
full force and virtue for a period of………… years from the date of import of
………….in India and said period shall be deemed to be renewed for such period as
the said Joint Chief Controller of Imports and Exports may require before the
expiry of the period
(2) On the demand made by the Chief
Controller of Imports and Exports or any other licensing authority, the
importer shall produce evidence that the ……………..is in his possession and
ownership.
(3) The bond is deemed to be entered into by
the parties under the order of the Central Government for the performance of an
act in which the public is interested.
(4) Any forbearance on the part of the
President or any other officer shall not in any way release the said surety,
his heirs, legal representatives, executors and administrators from his or
their liability under the above written bond.
(5) If the importer goes abroad, he shall not
leave the………. In India without the permission from the licensing authority.
(6) If the importer commits breach of terms
and conditions of this bond, he shall be liable to the penalties as provided
under the Import (Control) Order, 1955, as amended from time to time in
addition to his liability for payment of the amount of this bond.
Schedule
of goods
IN
WITNESS WHEREOF the parties hereto have hereunto set and
subscribed their respective hands, the day and year first hereinabove written.
WITNESSES
1 Signed
and delivered by the within named A
2.
Signed and delivered by the within
named B
Date:
Accepted
for and on behalf of the President of India through the hands of Shri ………. the
Authorised
Official
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