Continuity surety bond for transit through foreign territory ensures carrier and surety pay for misdescribed or lost goods on demand. Continuity Surety Bond obliges the authorised carrier and surety to pay on demand the value of goods and any penalty where containers or contents differ from the Departure Manifest, contents are wrongly described, goods are not satisfactorily accounted for, or goods subject to export duty or restrictions are lost while in transit through foreign territory; recovery may be effected in the manner laid down in sub section (1) of Section 142 of the Customs Act, 1962, and liability of the surety survives for heirs and legal representatives.
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Provisions expressly mentioned in the judgment/order text.
Continuity surety bond for transit through foreign territory ensures carrier and surety pay for misdescribed or lost goods on demand.
Continuity Surety Bond obliges the authorised carrier and surety to pay on demand the value of goods and any penalty where containers or contents differ from the Departure Manifest, contents are wrongly described, goods are not satisfactorily accounted for, or goods subject to export duty or restrictions are lost while in transit through foreign territory; recovery may be effected in the manner laid down in sub section (1) of Section 142 of the Customs Act, 1962, and liability of the surety survives for heirs and legal representatives.
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