(Note:- see Central Excise (No.2) Rules, 2001)

ANNEXURE-31

Form A S P I

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 situatedat.................[hereinafter called the obligor(s)......................and ...............of.................(hereinafter called thesurety) am/are jointly and severally bound to the President of India in the sumof..................rupees to be paid to the President of India for which payment I/we jointlyand severally bind myself/ourselves and my/our legal representatives.

Whereas the obligor(s) has/have applied to the Commissioner of CentralExcise........hereinafter called the Commissioner for the supply on credit of Centralexcise Stamps to be affixed to boxes and booklets of matches to be manufacturedin the above named factory;

And whereas the Commissioner has agreed that the said obligor(s) mayobtain from the Government Treasury at...............Central Excise Stamps of such kind asmay be required by the said obligor(s), not exceeding in the value ofsum..................rupees at any one time and may from time to time obtain furtherCentral Excise Stamps provided that the value of the Central Excise Stamps sosupplied from time to time shall not exceed the value of the Central Excise Stampson the boxes or booklets of matches which may, to the satisfaction of theCommissioner, be deposited in the store-room;

And whereas the obligor(s) agrees and undertake(s) to return the saidCentral Excise Stamps if so required and further agree(s) and undertakes to pay tothe 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 theCommissioner;

Whereas the Commissioner has required the obligor(s) to deposit asguarantee for the amount of this bond the sum of..................rupees in cash;

And whereas the obligors has/have furnished such guarantee bydepositing with the Commissioner the cash/securities as aforementioned;

The condition of this bond is that if the obligator(s) shall observe all the provisions ofthe Central Excise Act, 1944 and the Rules made thereunder and all suchamendments thereto as may be issued from time to time so far as they relate toCentral Excise Stamps obtained on credit.

And if the obligor(s) shall utilise the Central Excise Stamps obtained oncredit only for the purpose of affixing the same to boxes or booklets of matchesmanufactured in the said factory;

And if the obligor(s) shall return the unused Central Excise Stamps to theCommissioner if so required;

And if the obligor(s) shall pay into the treasury approved by theCommissioner within ten days of such demand being made the full price of theCentral Excise Stamps not so returned, less the price of such Central excise Stampsin respect of which , under the Central Excise (No.2) Rules, 2001, the obligors areentitled to a refund from the Commissioner;

This obligation shall be void.

Otherwise and on breach or failure in the performance of any part of thiscondition, the same shall be in full force.

I/We declare that this bond is given under the orders of the Centralgovernment for the performance of an act in which the public are interested.

Place:
Date:

Signature(s) of obligor(s)

Witnesses

(1) Address (1) (2) Address (2)

Occupation (1) Occupation (2)

Signature(s) of surety(ies)

Witnesses

(1) Address (1) (2) Address (2)

Occupation (1) Occupation (2)

Accepted by me this.............day of...................(Year)

[.................of Central Excise]
[for and on behalf of the President of India]
Range

(Back to Part-V of Ch.12)

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