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<h1>Indemnity obligation secures refund of drawback if post-facto verification finds mis declaration, enabling recovery and adjustment.</h1> An indemnity bond under the Simplified Brand Rate Fixation Scheme obliges the exporter to indemnify the Government for any sums found due where post-facto verification reveals mis-statement, mis-declaration or suppression affecting the admissible drawback rate or amount; obligers must cooperate with inspections and document production, pay on demand any re-determined differences or withdrawals of drawback, and permit recovery or adjustment of excess payments, with the obligation extending to their legal successors until all obligations are fully discharged.
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