TaxTMI 
TaxTMI 
Bond-Cum-Legal Undertaking for Developer
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....ly) for which payment to be well and truly made, we, the obligors bind ourselves by these presents. Whereas we, the obligors have been granted by the Government a Letter of Approval to develop, operate and maintain .................. Special Economic Zone or develop, operate and maintain infrastructure facilities in .................. Special Economic Zone on the terms and conditions stipulated in the Letter of Approval number .................. dated .................. and we the obligors have duly accepted the said terms and conditions. And whereas the Specified Officer has approved the place of storage of goods in .................. Special Economic Zone in terms of Special Economic Zones Rules, 2006 wherein the dutiable goods, importe....
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....ereof or for the non-completion of the chemical or other tests in respect thereof or otherwise as per request of the obligors. Now the conditions of the above written bond-cum-legal undertaking are that: 1. We, the obligors shall observe all the provisions of the Special Economic Zones Act, 2005 and the rules and orders made thereunder in respect of the said goods. 2. We, the obligors shall refund an amount equal to the benefits of exemptions, drawback, cess and concessions availed on account of the goods and services in terms of provisions of rule 25 of Special Economic Zones Rules, 2006. 3. We, the obligors, shall furnish to the Assistant Commissioner of Customs or Deputy Commissioner of Customs as the case may be, at port or airpo....
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....further imports/domestic procurement and sales in the Domestic Tariff Area may be stopped. 7. We, the obligors shall fulfill other conditions stipulated in the Special Economic Zones Act, 2005, Special Economic Zones Rules, 2006 and orders made there-under, as amended from time-to-time. 8. We, the obligors shall not change the name and style under which we, the obligors, are doing business or change the location except with the written permission of the Development Commissioner of .................. Special Economic Zone. If each and every one of the above conditions is duly complied with by us, the obligors, the above written bond-cum-legal undertaking shall be void and of no effect, otherwise the same shall remain in full force and e....