TaxTMI 
TaxTMI 
Central Excise Rules - 3rd Amendment of 1998 - New General Bond for EOU/FTZ etc.
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....ds to Central Excise Duty, for export of excisable goods to foreign countries without payment of duty & for accounting/disposal of excisable goods procured without payment of whole or part of the duty for use in special industrial purposes. 9B, 13, 14 & Chapter X of Central Excise Rules B-17, (General Surety/General Security). (b) Under the heading "(II) Specimen Form", after Central Excise Series 32M, the following Form and entries shall be inserted, namely :- Central Excise Series 32-N FORM B-17 (GENERAL SURETY/SECURITY) General bond (with surety/security) to be executed by the 100% EOUs/units in the EHTP/STP/FTZ (RULES 9-B, 13, 14 AND 192) WE, .................................................................. having our registered office at ...................................................................... hereinafter referred to as the Obligors and ................................................... called the surety(ies) (which expression shall, unless repugnant to the context or meaning thereof, include our heirs, successors, executors, administrators, liquidators, legal representatives and assignees) hereby hold and firmly bind ourselves jointly a....
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....tral Excise has accorded sanction to us, the obligors, on payment of the prescribed fee of Rs. ........................... (Rupees ........................................................ only) and on prescribed conditions hereinafter set-out, which conditions we the obligors hereby accept, to carry on manufacturing operations in relation to the said imported goods. AND WHEREAS the Assistant Commissioner of Central Excise, Customs or proper officer under section 67 of the Customs Act, or Assistant Commissioner of Central Excise or such other delegated authority, as the case may be, under rule 13 of the Central Excise Rules, 1944 has permitted the obligors to remove the said goods from the said unit without payment of duty and despatch the same by air, sea, rail or road for export to foreign countries without payment of duty and when required bona fide to do so, or other EOUs/warehouses subject to the prescribed conditions set out for the due arrival of the said goods at the said warehouse. AND WHEREAS the Assistant Commissioner of Customs/Central Excise has permitted the obligor to remove the goods sourced imported/domestically or goods partially manufactured or processe....
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....d goods at the said warehouse/EOU, or within such further time as may be extended by the Chief Commissioner, Commissioner of Customs/Central Excise or by the Central Board of Excise & Customs, on a specific request made by us, the obligors and also pay interest at a rate applicable from the expiry of the above said period till the date of the clearance of the goods. 4. We, the obligors shall, furnish to the Assistant Commissioner of Customs/Central Excise at Port/Airport/International Container Depot/warehouse evidence to his satisfaction within a period of three months from the date of despatch from any warehouse or unit that the said goods have duly arrived at the unit or the warehouse as the case may be. 5. We, the obligors, shall be wholly and solely responsible for ensuring that there shall be no pilferage during transit of the said goods when despatched from the place of Import, the factory of manufacture, or from the warehouse to the unit and, vice versa, and we, the obligors, shall pay the duty on pilfered goods, if any. 6. We, the obligors, shall observe and comply with all the provisions of the manufacture and other operations in Warehouse Regulations, 1966, Ware....
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.... shall if the articles so manufactured are and are allowed to be sold in India in such quantity and subject to such other limitations and conditions as may be specified in this behalf by the Director General of Foreign Trade, pay duty of Excise leviable on such articles under Section 3 of the Central Excise Act, 1944; and shall pay duty of excise leviable on such articles under Section 3 of Central Excise Act, 1944 and duty of Customs & Central Excise leviable on the Raw materials/Component parts used in the manufacture of such articles as are not allowed to be sold in India in accordance with the provision of Exim Policy. 13. We, the obligors, shall comply with the conditions and limitations stipulated in the said Import and Export Policy as amended from time to time or the Assistant Commissioner of Customs/Central Excise permitting the goods imported into India or sourced indigenously for the purpose aforesaid or the articles manufactured or package therefrom to be taken outside the undertaking temporarily, without payment of duty, for testing, repairs, reconditioning, processing or display etc.. 14. We, the obligors, shall not change the name & style under which we, the ob....