Surety bond obligation: customs broker must maintain faithful, incorrupt conduct and indemnify government for misfeasance or negligence. Form E operates as a surety bond for an authorized customs broker under the Customs Brokers Licensing Regulations, 2018, binding the principal and a surety to indemnify the President of India for any sums due to the Government that remain unpaid due to the broker's misfeasance or negligence, conditioned on the broker's faithful and incorrupt conduct while holding authorization.