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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Import Bond Ensures Compliance with Duty Assessments; Importer and Surety Liable for Non-Compliance Under Government Orders</h1> This document is a bond form for individual importation, executed by an importer and a surety, binding them to the President of India. The bond ensures compliance with provisional duty assessments by customs authorities. The importer must provide necessary documents, pay any duty differences, and submit a valid import license within specified timeframes. Failure to comply results in the bond remaining enforceable. The bond is issued under government orders and remains effective despite disputes or liquidation of the importer. The President can recover amounts due under the bond, and the surety is treated as the principal debtor.
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