Bond

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....llip;…… Whereas the said……………………………. has been authorised to act as a Customs Broker under section 146 of the Customs Act, 1962 (52 of 1962), and the said ……………………………. has agreed to enter into this bond as required by the Customs Brokers Licensing Regulations, 2013 (hereafter referred to as the said regulations). And whereas the said ……………………………. has deposited the sum of ₹ 5,00,000/- (Rupees Five Lakhs) only with the President of India as security for his faithful behavior and that of his empl....

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....r the date upon which the said……………………………. shall cease to act as Customs Broker as security for the payment of any sums due to the Government by any reason of any misfeasance or negligence of the said………………………. 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 ₹ 5,00,000/- (Rupees Five Lakh) only in making good wholly or in part any short collection of duty or other charges ....

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....hellip;…………… in the year two thousand……………. Whereas the said……………….. has been authorized to act as a Custom House Agent under Section 146 of the Customs Act, 1962 (52 of 1962), and the said ………………… has agreed to enter into this bond as required by the Custom House Agent Licensing Regulations 2004 (thereafter referred to as the said Regulations). And whereas the said ……………… has deposited the sum of (rupees fifty thousand) only with the President of India as security for his faithful behavior and that of his clerks as regard the said Regulat....