Surety bond for transhipment secures delivery and customs duty obligations, requiring destination manifest and enforceable recovery. Surety bond binds the authorised carrier and a surety, jointly and severally, to ensure transhipment of goods listed in the Arrival/Departure Manifest to the specified destination Port/ICD/CFS/SEZ, to present the goods to the proper officer within one month or otherwise account for them, and to furnish Arrival Manifest Form VIII at destination confirming receipt; it also requires payment on demand of Customs duties payable in respect of such transhipped goods and permits recovery under Section 142 of the Customs Act, 1962, while preserving the surety's liability despite governmental forbearance.
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 for transhipment secures delivery and customs duty obligations, requiring destination manifest and enforceable recovery.
Surety bond binds the authorised carrier and a surety, jointly and severally, to ensure transhipment of goods listed in the Arrival/Departure Manifest to the specified destination Port/ICD/CFS/SEZ, to present the goods to the proper officer within one month or otherwise account for them, and to furnish Arrival Manifest Form VIII at destination confirming receipt; it also requires payment on demand of Customs duties payable in respect of such transhipped goods and permits recovery under Section 142 of the Customs Act, 1962, while preserving the surety's liability despite governmental forbearance.
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