Page 60 - ELT_1st September 2020_Vol 373_Part 5

T70 EXCISE LAW TIMES [ Vol. 373

12. UNDERTAKING.
I/We undertake to :
(i) maintain accounts of receipt and removal of goods in digital form in
such format as may be specified and furnish the same to the bond
officer on monthly basis digitally;
(ii) provide facilities, equipment and personnel as required in the
Manufacture and Other Operations in Special Warehouse Regulations,
2020;
(iii) execute a bond in such format as may be specified.
(iv) Furnish a security in form of bank guarantee as may be specified;
(v) inform the input-output norms, for raw materials and the final
products and to inform the revised input-output norms in case of
change therein;
(vi) pay for the services of supervision of the warehouse by officers of
customs on cost recovery basis or overtime basis, as may be
determined by the Principal Commissioner of Customs or the
Commissioner of Customs; and
(vii) comply with such terms & conditions as may be specified by the
Principal Commissioner of Customs or the Commissioner of Customs.

(Signature of the applicant/authorized signatory)
Stamp
Date :
Place :

Part III
(For Use by Customs Only)
1. Verification of the applicant :
[verification to be done of the Declaration made by applicant as per serial
no.11 of Part-II of the application. Verification to be done by DRI/DGGI.]
2. Date of visit to the premises by the bond officer :
3. Findings of the bond officer with respect to security, fire protection, IT
enabled inventory management system, type of construction, security and
storage space of the strong-room, area available for examination of goods,
software etc.
4. Is the Premises recommended for issue of license as a warehouse along with
permission for manufacture or other operations?
Signature :
Name:
Designation :
Date :

EXCISE LAW TIMES  1st September 2020  60