General Bond with surety/security for provisional assessment of goods to excise duty - [See Rule 7]

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....ter called "the obligor(s)" and ....................... of....................hereinafter called "the surety(ies)"/ am/are held and firmly bound to the President of India (hereinafter called the "President") in the sum of .................... rupees to be paid to the President for which payment will and truly to be made, I/We jointly and severally bind myself/ourselves and my/our respective heir....

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....to time could not be made for want of full information as regards value/description/quality or of proof thereof or for the non-completion of the chemical or other tests in respect thereof or otherwise and whereas the obligor desires that the he should make provisional assessment as per provisions contained in Rule 7 of the Central Excise (No. 2) Rules, 2001; For security bond AND WHEREAS the Pri....

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....tral Excise Rules, 2001 and all such amendments thereto as may be issued from time to time to be observed in respect of provisional assessment of goods to excise duty under Rule 7; And whereas the obligor(s) has/have furnished such guarantee by depositing with the Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise the cash/ securities/bank guarantee as aforement....

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....E and on breach or failure in the performance of any part of this condition, the same shall be in full force and virtue : Provided always that the liability of the surety hereunder shall not be impaired or discharged by reason of any time being granted or any forbearance, act or omission of the Government (whether with or without the knowledge or the consent of the surety) in respect of or in rel....