Export obligation undertaking: default permits recovery of customs liability, invocation of bank guarantees and disposal of unutilised imports. The form is a standardized legal undertaking requiring the importer/exporter to perform the export obligation and comply with scheme and customs conditions, furnish export statements and bank certificates, and, on default, to pay duties or the value of the authorisation, execute or suffer invocation of a bank guarantee, pay liquidated damages, and accept disposal of unutilised goods. The Government's written demand is final and binding; payment under demand does not preclude other enforcement under the Foreign Trade (Development & Regulation) Act, and the Government may modify the Scheme.