Surety bond requirement ensures customs agents and sureties guarantee faithful conduct and payment of government dues for defaults. Surety bond under the Customs House Agents Licensing Regulations, 2004 binds an authorized Custom House Agent and a surety to the President as security for faithful and incorrupt conduct under Section 146 of the Customs Act; the principal and surety are jointly liable to make good any government dues unpaid due to the agent's misfeasance or negligence, with prescribed execution formalities and witnesses.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Surety bond requirement ensures customs agents and sureties guarantee faithful conduct and payment of government dues for defaults.
Surety bond under the Customs House Agents Licensing Regulations, 2004 binds an authorized Custom House Agent and a surety to the President as security for faithful and incorrupt conduct under Section 146 of the Customs Act; the principal and surety are jointly liable to make good any government dues unpaid due to the agent's misfeasance or negligence, with prescribed execution formalities and witnesses.
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