Security bond obligation for customs house agents ensures recovery of government dues for agent misfeasance or negligence. Form D requires a security bond from an authorised Custom House Agent under the Customs Act and Regulations, obliging the principal and related representatives to make good all sums due to the Government arising from misfeasance or negligence by the agent or clerks. A specified deposit is held as security and may be applied to cover short collection of duty or other charges, including sums unpaid after demands under section 28; the deposit remains with the government for twelve calendar months after the agent ceases to act to secure liabilities discovered after cessation.
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Provisions expressly mentioned in the judgment/order text.
Security bond obligation for customs house agents ensures recovery of government dues for agent misfeasance or negligence.
Form D requires a security bond from an authorised Custom House Agent under the Customs Act and Regulations, obliging the principal and related representatives to make good all sums due to the Government arising from misfeasance or negligence by the agent or clerks. A specified deposit is held as security and may be applied to cover short collection of duty or other charges, including sums unpaid after demands under section 28; the deposit remains with the government for twelve calendar months after the agent ceases to act to secure liabilities discovered after cessation.
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