see regulation 8 - Customs Brokers Licensing Regulations, 2018
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....0,000/- (Rupees Five Lakh) only for payment whereof we hereby bind ourselves and each of us binds himself and each of our heirs, executors and administrators firmly by these presents dated this day ..................... of ............................ in the year two thousand and .............................. Whereas the said ..................... (A) ..................... has been authorized ....
TaxTMI