BOND[see regulation 8]
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....y bind ourselves, and each us bind himself and each of our heirs, executors and administrators firmly by these presents dated this .................................. day of .................................. in the year two thousand........................ Whereas the said.................................. has been authorised to act as a Customs Broker under section 146 of the Customs Act, 1962....
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.... do at all times make good to the President of India all and every sums of money which being due to the Government shall be reason of the misfeasance or negligence of the said.................................. or of his employees have not been paid to the President of India then the above written bond shall be void; otherwise the same shall be and remain in full force and virtue and it is hereby a....
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....................... or his employees which may not be discovered until after the said date and that this bond shall be and remain in full force and virtue until the expiration of the said term of twelve months. It is also agreed and declared that the President of India may apply the above sum of Rs. 5,00,000/- (Rupees Five Lakh) only in making good wholly or in part any short collection of duty or....
TaxTMI