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of <h1>Surety bond under Customs House Agents Licensing Regulations, 2004 ensures agents act faithfully, covering government financial obligations.</h1> The a surety bond form under the Customs House Agents Licensing Regulations, 2004, requiring parties to be bound to the President of India for a sum of 50,000. It mandates that the authorized Custom House Agent must act faithfully and without corruption. The bond ensures that any financial obligations due to the government, resulting from the agent's misfeasance or negligence, are covered. If these conditions are met, the bond is void; otherwise, it remains effective. The bond is executed in the presence of witnesses and signed by the relevant customs authority.
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