General Bond (Form B-17) to be executed by the EOUs

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....cial procedure for removal of semi-finished goods for certain purposes and for special procedure for removal of excisable goods for carrying out certain processes, namely :- "Form B - 17" General Bond (with Surety/Security) to be executed by the Export Oriented Units /Units in the Electronic Hardware Technology Park/Software Technology Park/ Bio-Technology Park. 1. We, ……………...having our registered office at........................hereinafter referred to as the Obligors and……………..called the surety(ies) (which expression shall, unless repugnant to the context or meaning thereof, include our heirs, successors, executors, administrators, liquidators, legal representatives....

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....ding the quantity listed in the Annexure-I as may be required for manufacture of goods in his factory annually in the manner specified without payment of whole of the duty. 5. AND WHEREAS the said Deputy or Assistant Commissioner of Customs or Central Excise has permitted the obligor to clear duty free imported goods from Ports/Airports/Inland Container Depots or Bonded Warehouses, as the case may be, to the export oriented unit. 6. AND WHEREAS the Deputy or Assistant Commissioner of Customs or Central Excise or such other delegated authority, as the case may be, under Rule 19 of the Central Excise Rules, 2017 has permitted the obligors to remove the said goods from the said unit without payment of duty and dispatch the same by air, sea, ....

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.....) in cash (the securities as hereinafter mentioned of a total value of Rs…………………(Rupees………………………….) endorsed in favour of the President of India and accepted for and on behalf of the President of India by the Commissioner, Deputy Commissioner, Assistant Commissioner, Superintendent of Customs or Central Excise, namely………..) and whereas the obligor has furnished such guarantee by depositing the cash/securities as afore mentioned. NOW THE CONDITIONS OF THE ABOVE WRITTEN BOND ARE THAT 1. We, the obligors shall observe all the provisions of the Customs Act, 1962, Central Excise Act, 1944 and the rules an....

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.... duty on pilfered goods, if any. 6. We, the obligors, shall observe and comply with all the conditions as may be imposed by the proper officer, Deputy or Assistant Commissioner of Customs or Central Excise or such other delegated authority, as the case may be, for carrying out the purpose of manufacture/ production or rendering of services. 7. We the obligors shall maintain detailed accounts of all imported and indigenous goods used in the manufacturing processes and operations in proper form/ digital form, as prescribed, including of those remaining in stock and those sent outside under our obligation, and shall produce such accounts for inspection of the proper officer, Deputy or Assistant Commissioner of Customs or Central Excise or su....

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....onditions as may be specified in this behalf by the Director General of Foreign Trade, pay duty of Excise leviable on such articles under section 3 of the Central Excise Act, 1944 or duties of Customs availed as exemption on inputs used in such goods as per provisions of Custom Notifications. 11. We, the obligors shall pay the duty of Customs & Central Excise leviable on the raw materials, component parts used in the manufacture of such articles as are not allowed to be sold in India in accordance with the provisions of the said Foreign Trade Policy. 12. We, the obligors, shall comply with the conditions and limitations stipulated in the said Foreign Trade Policy or the Deputy or Assistant Commissioner of Customs or Central Excise permitt....

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....t 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 relation to the obligation and conditions to be performed or discharged by the obligor(s) nor shall it be necessary to sue the obligor(s) before suing the surety for amounts hereunder AND the President of India shall, at his option, be competent to make good all the loss and damages from the amount of the security deposit or by endorsing his rights under the above written bond or both; I/We further declare; that this bond is given under the orders of the Central Government in the performance of an act in which the public are interested....