Bond for release of seized goods or packing machines requiring obligors to secure payment of cess, interest, penalty, and charges. Provisional release of seized goods or packing machines is permitted on execution of a bond and provision of security (cash or bank guarantee) in favour of the President; the obligor is jointly and severally liable to produce the items on demand and must pay all cess, interest, penalty, fine and other lawful charges within ten days of a written demand by the proper officer, failing which the security may be applied and the President may recover losses and damages from the security or by endorsing rights under the bond.