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Annexure-33, Bond with Surety and Security.


Annexure 33



Bond (with surety/security) to be executed by match manufacturer in respect of


Central Excise Stamps obtained on credit

(Delete the letters and words not applicable)


I/we…..of……the owner(s)of the…….Match Factory situated at……[here in after called the obligor(s)……..and…….of…….(here in after called the surety) am/are jointly and severally bound to the President of India in the sum of……..rupees to be paid to the President of India for which payment I/we jointly and severally bind myself/our selves and my/our legal representatives.

Where as the obligor(s)has/have applied to the Commissioner of Central Excise………here in after called the Commissioner for the supply on credit of Central excise Stamps to be affixed to boxes and booklets of matches to be manufactured in the above named factory;

And where as the Commissioner has agreed that the said obligor(s)may obtain from the Government Treasury at…….Central Excise Stamps of such kind as may be required by the said obligor(s), not exceeding in the value of sum………..rupees at any one time and may from time to time obtain further Central Excise Stamps provided that the value of the Central Excise Stamps so supplied from time to time shall not exceed the value of the Central Excise Stamps on the boxes or booklets of matches which may, to the satisfaction of the Commissioner, be deposited in the store-room;

And whereas the obligor(s) agrees and undertake(s) to return the said Central Excise Stamps if so required and further agree(s) and undertake stop pay to the Commissioner the value of the Central excise Stamps not so returned, excepting such Central Excise Stamps in respect of which under the Central Excise (No.2) Rules, 2001, the obligor(s) may be entitled to a refund from the Commissioner;

Whereas the Commissioner has required the obligor(s) to deposit as guarantee for the amount of this bond the sum of………..rupees in cash; And whereas the obligors has/have furnished such guarantee by depositing with the Commissioner the cash/securities as aforementioned;

The condition of this bond is that if the obligator(s) shall observe all the provisions of the Central Excise Act, 1944 and the Rules made there under and all such amendments there to as may be issued from time to times of they relate to Central Excise Stamps obtained on credit.

And if the obligor(s)shall utilise the Central Excise Stamps obtained on credit only for the purpose of affixing the same to boxes or booklets of matches manufactured in the said factory; And if the obligor(s)shall return the unused Central Excise Stamps to the Commissioner if so required;

And if the obligor(s) shall pay into the treasury approved by the Commissioner within ten days of such demand being made the full price of the Central Excise Stamps not so returned, less the price of such Central excise Stamps in respect of which, under the Central Excise(No.2)Rules,2001,the oblig or are entitled to are fund from the Commissioner;

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.

I/We declare that this bond is given under the orders of the Central government for the performance of an actins which the public are interested.


Place:

Date:

Signature(s)of obligor(s)

Witnesses(1) Address(1) Occupation(1)

(2) Address(2) Occupation(2) Signature(s) of surety(ies)

Witnesses(1) Address(1) Occupation(1)

(2) Address(2) Occupation(2) Accepted by me this…………………day of……………...(Year)

[……..of Central Excise]

[for and on behalf of the President of India] Range


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