Customs Brokers Licensing Regulation 2018
FORM - E
[see regulation 8]
SURETY BOND No. of 20....
Know all men by these presents that we .. (A) and (B) are held and firmly bound to the President of India in the sum of Rs. 5,00,000/- (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 to act as a Customs Broker under section 146 of the Customs Act, 1962 (52 of 1962) and the said (B) has agreed to enter into this bond as required by rules made under the said section:
Now the condition of the above written bond is such that if the said . (A) both at all times whilst holding such authorization as aforesaid behave himself in a faithful and incorrupt manner as regards the Customs Brokers Licensing Regulations, 2018 and the officers, and if the said (A) and (B) their executors, or administrators some or one of them do, and shall at all-time make good to the President of India all and every sums of money which being due to the Government shall by reason of the misfeasance or negligence of the said (A) have not been paid to the President of India then the above written bond shall be void; otherwise the same shall remain in full force and virtue.
Signed, sealed and delivered by the above named in the presence of witnesses.
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Executed before me this ..of .20...
Signature of the Principal
Commissioner of Customs/ Commissioner of Customs
(with seal)