Form - D
BOND-CUM-LEGAL UNDERTAKING FOR DEVELOPER
(See sub-rule (5) of rule 12 and sub-clause (ii) of sub-rule (1) of rules 22)
We having our registered office at hereinafter referred to as the Obligors
(which expression shall, unless repugnant to the context or meaning thereof, include our heirs, successors,
executors, administrators, liquidators, legal representatives and assignees) hereby hold and firmly bind ourselves
jointly and severally unto the President of India, acting through the Development Commissioner and the
Specified Officer hereinafter referred to as the Government in the sum of Rs.__________ Rupees
______________ only) for which payment to be well and truly made, we, the obligors bind ourselves by these
Whereas we, the obligors have been granted by the Government a Letter of Approval to develop, operate and
maintain _______Special Economic Zone or develop, operate and maintain infrastructure facilities in
_________ Special Economic Zone on the terms and conditions stipulated in the Letter of Approval number
_________dated _______ and we the obligors have duly accepted the said terms and conditions.
And whereas the Specified Officer has approved the place of storage of goods in
Special Economic Zone in terms of Special Economic Zone Rules, 2006 wherein the dutiable goods, imported
or sourced indigenously or sourced from other export oriented units, or software technology park units or
electronic hardware technology park units or Special Economic Zone units in the same Special Economic Zone
or other Special Economic Zone by us from time to time for the purposes of carrying out authorized operations
availing exemptions from payment of duties, taxes or cess or drawback and concessions under sections 7 and 26
of the Special Economic Zones Act, 2005, could be deposited for a period of one year or such extended period
as may be extended by the Specified Officer.
And whereas the Specified Officer has permitted the obligors to clear duty free imported goods from
ports or airports or inland container depots or specified land custom stations or customs warehouses or
international exhibition held in
And whereas the Specified Officer has permitted the obligors admission of duty free imported goods and duty
free goods procured from the domestic tariff area, hereinafter referred to as goods, into the special economic
zone as provided under the Special Economic Zones Act, 2005 and the rules and orders made there-under.
And whereas the Specified Officer has permitted provisional assessment of goods brought into the special
economic zone by the above obligors from time to time which could not be finalized for want of full information
as regard to value or description or quality or the proof thereof or for the non-completion of the chemical or
other tests in respect thereof or otherwise as per request of the obligors.
NOW THE CONDITIONS OF THE ABOVE WRITTEN BOND-CUM-LEGAL UNDERTAKING ARE
1. We, the obligors shall observe all the provisions of the Special Economic Zones Act, 2005 and the
rules and orders made there-under in respect of the said goods.
2. We, the obligors shall refund an amount equal to the benefits of exemptions, drawback, cess and
concessions availed on account of the goods and services in terms of provisions of rule 25 of Special Economic
Zones Rules 2006.
3. We, the obligors, shall furnish to the Assistant Commissioner of Customs or Deputy Commissioner of
Customs as the case may be, at port or air-port or inland container depot or land customs station or a warehouse
evidence to his satisfaction within a period of forty-five days from the date of dispatch from any warehouse or
unit that the said goods have duly arrived in the Special Economic Zone.
4. We, the obligors shall be wholly and solely responsible for ensuring that there shall be no pilferage
during transit of the said goods when dispatched from the place of import or the factory of manufacture or from
the warehouse to the Special Economic Zone and vice versa and we, the obligors, shall pay the duty on pilfered
goods, if any.
5. We, the obligors shall maintain detailed accounts of all goods imported or procured from Domestic
Tariff Area or consumed and utilized, in proper form, including of those remaining in stock and those sent
temporarily outside the Special Economic Zone in the Domestic Tariff Area under our obligation, and shall
produce such accounts for inspection of the Specific Officer or such other authorized officer.
6. We, the obligors shall, submit to the Development Commissioner and the Specified Officer, quarterly and
half yearly returns within a period of thirty days following the close of quarter/half year, as prescribed under the
Special Economic Zone Rules, 2006. In case of wrong submission of such information or failure to submit such
information within the stipulated time, the permission granted to us for carrying out the authorized operations
may be withdrawn and/or the permission for further imports/domestic procurement and sales in the Domestic
Tariff Area may be stopped.
7. We, the obligors shall fulfill other conditions stipulated in the Special Economic Zones Act, 2005, Special
Economic Zones Rules, 2006 and orders made there-under, as amended from time-to-time.
8. We, the obligors shall not change the name and style under which we, the obligors, are doing business or
change the location except with the written permission of the Development Commissioner of _________
Special Economic Zone.
If each and every one of the above conditions is duly complied with by us, the obligors, the above written bondcum-
legal undertaking shall be void and of no effect, otherwise the same shall remain in full force and effect
It is hereby declared by us, the obligors, and the Government as follows
1. The above written bond-cum-legal undertaking is given for the performance of an act in which the public
2. The Government through the Specified Officer or any other authorized officer may recover the sums due
from the obligors as provided for in condition 2 above.
And the President of India shall, at his option, be competent to make good all the loss and damages by
endorsing his rights under the above written bond-cum-legal undertaking or both.
I/We further declare that this bond-cum-legal undertaking 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 where the
context so requires.
In witness whereof these presents have been signed this day of 20__ here-inbefore
written by the obligor(s) .
Signature of the Obligors
Name and Residential address
Witness (1) Address (1) Occupation (1)
(2) Address (2) Occupation (2)
Accepted for and on behalf of the President of India on _____ day of _________ 20__.
Development Commissioner / Specified Officer
Signature and date
2006 allindiantaxes.com | All rights reserved
website designing India & CMS development: Softlogics & Developments