Security instruments that protect customs duty on cargo moving between stations, ports or under transhipment before final clearance.
To,
The President of India
Through The Deputy Commissioner of Customs
ICD TKD
New Delhi.
KNOW ALL MEN THESE PRESENTS THAT, we M/s. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX. of No.____________________hereinafter called the Importers which expressions shall include their heirs, executors, administrators and legal representatives held and firmly bound us to The President Of India herein after called the President which expression includes his sucessors/heirs, executors, administrators and legal representatives are hold and I/We M/s. XXXXXXXXXXXXXXXXXXXXXXXXXX firmly bound in of ____________address__________(here in after reffered as the "Surety"(which expression shall include our successor or sucessors) are held and firmly bound unto the President of India bereinafter called the "President" which expression shall include his sucessors and assigns) in the sum of Rs. _____________________ (Rupees_______________________only) for which payment well and truly be made bind ourselves.
Sealed with our Seal On This Day _________of __________2008.
Which the said importer has applied to the Deputy Commissioner of Customs, Delhi for the said port to permit the removal of the goods fully described and specified in the schedule to this bond from ICD. TKD TO WAREHOUSE AT ____________________
And whereas the said Deputy Commissioner of Customs has granted permission for the removal of the said goods to the above mentioned warehouse on conditions of the said importer executing the bond and sufficient guarantee as above written.
Now the conditions of the bond is such that if the said importer shall will cuase the said goods to be duly and safely removed to the said warehouse and to be there produced to the proper officer and duly re-warehoused within the period of seven from the date of removal of goods from ICD New Delhi or cause the said goods to be otherwise accounted for to the satisfaction of such____________ Proper officer of the Government duly authorized in that behalf pay to the said officer of the full customs duty payable upon in respect of all goods to permit to be removed aforesaid. Then the above written shall be void and have no effect. It is hereby agreed that any amount that may be due from us under this bond may be recovered in the manner laid down from us under this bond in the manner laid down in section 142 sub section (I) of the Customs Act 1962.
IN WITNESS WHEREOF the importer and the surety have herein set and subscribed their respective hands and seals the day, month and year first above written.
SIGNED AND DELIVERED by and on behalf of the importer at ________________
In the presence of :-
1)_____________________
2)_____________________
SIGNED AND DELIVERED by and on behalf of the surety at ________in the presence of:-
1)__________________
2)__________________ For XXXXXXXXXXXXXXXXXX Corporation Ltd.
Auth.Sign.
BILL OF ENTRY No. :
INVOICE NO. :
INVOICE VALUE :
(Assuming 1US$= )
1% LANDING CHARGES :
ASSESSABLE VALUE= :
C.D. 7.5% :
CVD 10% :
CESS 2% :
CESS1% :
ED. CESS 2% :
CESS1% :
SAD 4% :
DUTY AMOUNT :
BANK GUARANTEE AMOUNT=50% OF CUSTOM DUTY
=Rs.
ORIGINAL
To be handed over to Applicant
(To be stamped as an agreement in accordance with the Stamp Act in force)
TO BE ON BANK'S LETTER HEAD
Form No.
The President of India
Through the Deputy Commissioner [STAMP]
Of Customs ICD TKD
New Delhi.
Dear Sirs,
Bank guarantee No._____________
Amount of Guarantee Rs.______________
Guarantee cover from ______________ to _____________
Last date for lodgement of claim______________________
This deed of guarantee is executed by the Bank XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX and amongst other places, a Branch at_______ ______(hereinafter referred to as 'the Bank') in favour of ________(Hereinafter referred to as 'the Beneficiary') for an amount not exceeding Rs. __________(Rupees______________)at the request of _________________(hereinafter referred to as 'the Contractor/s')
This guarantee is issued subject to the condition that the liability of the Bank under this Guarantee is limited to a maximum of Rs. __________(Rupees_________________) and the Guarantee shall remain in full force upto________________(Date of Expiry) And cannot be invoked otherwise than by a written demand or claim under this Guarantee served on the Bank on or before the ____________(Last date of claim) SUBJECT TO AS AFORESAID.
Main guarantee matter may be typed hereafter)
For XXXXXXXXXXXXX(bank name)
manager
From: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX (bank's name)
xxxxxxxxxxxxxxxxxxxxxxxxxxx (bank's address)
xxxxxxxxxxxxxxxxxxxxxxxxxxx
Before:
The President of India
Through The Deputy Commissioner of Customs
ICD TKD
New Delhi.
Dear Sir,
GUARANTEE NO.
AMOUNT OF GUARANTEE: Rs.
This DEED OF GUARANTEE executed by XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX (bank's name) (hereinafter refered to as "THE BANK" ) in favour of the Deputy Commissioner of Customs, ICD TKD New Delhi (herein after refered to as "THE GOVERNMENT") at the request of xxxxxxxxxxxxxxxxxxxxxxxxxx.(herein after refered to as "THE IMPORTER").
This GUARANTEE is issued subject to the condition that the liability of the bank under this guarantee is limited to making a payment of Rs. ________(Rs._____________)and whereas as per request of importer. We furnish the required bank guarantee to the satisfaction of the President of India through The Deputy Commissioner of Customs, ICD TKD New Delhi (hereinafter called THE CENTRAL GOVERNMENT) for a sum of Rs. _____________(Rs.__________) in respect of import as described here below and accordingly, we do hereby guarantee to and covenant with Central Government represented by the Dy. Commissioner of customs, New Delhi, that we would make the said payment to the Central govt. on demand without demur and notwithstanding that the importers are not in the first instance to pay to the said amount before calling upon on the said bank to pay the said amount under this guarantee.
And Further, we hereby convenient and declare that this guarantee shall remain in force FOR A PERIOD OF ONE YEAR form the date of issue and if the final assessment is not dispose within the aforesaid period, we undertake to renew this guarantee only at the request of the importer till disposal of the said final assessment.
And we further covenant and declare that if the said party do not obtain and furnish renewal of this guarantee for a further period of time to the said Deputy commissioner of Customs, New Delhi and his sucessors in office not less than 30(thirty) days, prior to the expiry of the bank guarantee or renewal of the Bank Guarantee so as to keep the same valid and submitting till the disposal of the above final.
Assessment thereafter then the entire amount remaining due and payable and the bank on its own shall pay to the Deputy Commissioner of Customs, New Delhi and/ or his successor in office notwithstanding.
Notwithstanding anything contained herein
For XXXXXXXXXXXXXXXXXXXX (bank name)
Manager.
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