I / We ............... of  ............... (hereinafter called "the obligator(s)" am/ are held and firmly bound to the President of India (hereinafter called the "President)" in the sum of Rs........... only to be paid to the President for which payment will and truly to be made, I/We jointly and severally bind myself/ ourselves and my/ our respective heirs executors, administrators, legal representatives/ successors and assigns by these presents.

        Dated this ............... day of  ................

        Whereas the above bounden obliger having been permitted by the Assistant Commissioner of Central Excise at............. (hereinafter called "the Assistant Commissioner") to obtain a quantity of .... ................... (specify quantity and units) of ............ (specify imported goods) for use in has factory at ......... for use in the manufacture of .......... specify excisable commodity (ies)], and in the manner specified in his application dated ........... in terms of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.............. Customs dated ......... (hereinafter referred to as "the notification").

        The condition of this bond is that if the obliger and his representative shall observe all the provisions of the notification and the Customs (Import of goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules 1996 and relevant provisions of the Customs Act, 1962,(52 of 1962) the Central Excises and Salt Act, 1944 (1 to 1944) and Central Excise Rules, 1944 in respect of the aforesaid permission granted by the ACCE;

        And if all, dues (lawful charges) which shall be demandable on the imported goods obtained by the obliger be duly paid into the treasury to the account of the Assistant Commissioner within ten days of the date of demand thereof being made in writing;

        This obligation shall be void, otherwise and on breach or failure in the performance of any part of this condition, the same shall be in full force and virtue;

        And the President shall, at his option be competent to make goods all the loss and damages by endorsing his rights under the above written bond;

        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;

        In these presents the words imposing singular only shall also include the plural and vice versa if the context so requires;
 
        In witness thereof these presents have been signed the day herein before written by the obligor (s).
 
 

    Accepted for and on behalf of the President of India