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of <h1>Continuity Surety Bond ensures carrier compliance for coastal goods transit; binds parties to Customs Act, 1962 conditions.</h1> This Continuity Surety Bond is an agreement involving an authorized carrier and a surety, binding them to the Government of India for the transit of coastal goods through foreign territory. The bond ensures compliance with conditions set by the Customs authorities, requiring the carrier and surety to pay the Government if discrepancies arise in the goods' description or if goods are lost during transit. The bond allows for recovery of any dues under the Customs Act, 1962, and specifies that leniency by the Government does not absolve the surety of liability.
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