TaxTMI 
TaxTMI 
INDEMNITY BOND
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....nd assignees) bind ourselves to the President of India (hereinafter referred to as the Government) for due and prompt payment to Government of all and every sums that may be held to be due to the Government by virtue of the payment of Drawback to us in terms of the `Simplified Brand Rate Fixation Scheme', against exports of goods referred to hereunder : Whereas the Government has vide Ministry of....
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....der Customs and Central Excise Duties Drawback Rules, 1971, and whereas the Central Government have agreed to issue a brand rate of drawback for the aforesaid goods, on the basis of brand rate application submitted by the obligers (inter alia indicating consumption pattern of various inputs used in the manufacture of export goods and duties of Customs and Central Excise suffered thereon, as duly c....
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....necessary documents to proper officer of Customs/Central Excise for ensuring quick and prompt post facto verification of the date filed in the Brand Rate application; or (c) If on post facto verification of data/particulars by the proper Customs/Central Excise Officer vis-a-vis production pattern and/or documentary records, any mis-statement/mis-declaration/suppression of fact in any respect come....
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....nd the amount payable on re- determination of the rate as aforesaid (including the difference payable in case of total withdrawal) which shall be treated as excess payment of Drawback to him and the Government shall be at liberty to adjust the amount so excess paid from any of the money payable to the obligers against pending admissible drawback claims for any commodity that might be lying with th....