Download Personal/Surety Bond to be Executed By the Owner of the Goods or his Driver

FORM ST. XXV-B [See rule 56-A(3)] PERSONAL / SURETY BOND Personal bond to be executed by the owner of the goods or his representative driver or other person incharge of the goods vehicle or vessel on behalf of the owner of goods BEFORE THE OFFICE INCHARGE OF THE CHECK POST OR BARRIER OR AN OFFICER EMPOWERED UNDER SUB-SECTION (2) OF SECTION 14-B OF THE PUNJAB GENERAL SALES TAX ACT, 1948. No___________19______ ____________________________________________________________________ (Petitioner) Versus THE STATE OF PUNJAB Known all men by these presents that I/we_________________________(full name) __________________(full address with Registration Certificate No., if any) am / are 'held and firmly bound up to the Governor of Punjab (hereinafter reffered to as 'the Government which expression shall, unless excluded by or repugnant to the context, includes his successor-in-office and assigns)in the sum of rs._______(amount in figures and followed by amount in words), (herecinafter refered to as 'the saidsum), to be paid to the Government as demanded, for which payment well and truly to be made, I/we bind myself /ourselves, my/our heirs, executors, administrators and legal representatives by these presents. WHEREAS the above bounden has been required by the Officer Incharge, Sales Tax Check Post /Barrier___________/(Assistant Excise and Taxation Commissioner/Excise and Taxation Officer)__________________in writing to furnish security for the said sum for the purpose of securing the proper payment of the tax/penalty payable by him/them under the Punjab General Sales Tax Act, 1948(hereinafter refered to as 'the said Act') and indemnifying the government against all loss, costs or expenses which the Government may in any way, suffer, sustain or pay by reason of omission, default or failure or insolvency of the above bounden or any person acting under or for him/them to pay such tax/ penalty in the manner and by the time provided by or prescribed under the said Act. NOW the condition of the above written bond is such that if the above bounder, his/their heirs,executors, administrators and legal representatives or any person acting under or for him/them pays the full amount of tax/penalty payable by him under the said Act in the manner and by them provided by or prescribed under the said Act on demand by any authority appointed by Government under section 3 of the said Act, such demand to be in writing and to be served upon the above/bounden person,his/theirs heirs,executors,administrators and legal representatives or any any person acting under or for him/them in the manner provided by or prescribed under the Act and shall also at all times indemnifying and save harmless and Government from all and every loss,cost or expense;which has been or shall or may at any time or times hereafter during the period in which the above-bounden is held liable to pay the tax/penalty under the said Act,be caused by reason of any Act,omission, default, failure or insolvency of the above­bounden or of any person or persons acting under or for him/them, then this obliligation shall be void and of no effect, otherwise the same be and remain in full force and it is herebt further agreed that in the event of the death/partition/disruption/dissolution/winding up or the final cessation of the liability, under the Act or the rules prescribed thereunder of the above-bounden, this bond shall remain with the Officer Incharge, Sales Tax Check Post/Barrier,/the (Assistant Excise and Taxation Commissioner/Excise and Taxation Officer) for one year from the occuring of any of the events aforesaid for recovering any tax/ penalty that may have been sustained, included, or paid by the Government owing to the act, omission, default, failure or insolvency of the above-bounden or any person or persons acting under or for him/ them or the above-bounden's heirs, executors, administrators and legal representatives and which may not have been discovered until after the above-bounden's death/partition/disruption/dissolution/winding up or final cessation of his/their liability under the said Act or rules prescribed thereunder. PROVIDED always that without prejudice to any other rights or remedy for recovering the tax/ penalty, loss or damage as aforesaid, it shall be open to the Government to recover the amount payable under this bond as an arrears of land revenue or fine imposed by any authority under the said Act. PROVIDED always that without prejudice to any other right or remedy for recovering the tax/ penalty, loss or damage as aforesaid, it shall be open to the Government to recover the amount payable under this bond as an arrears of land revenue or fine imposed by any authority under the said Act. In witness whereof the said________________________(full name) has here-unto set his hand this_____________________________day of _____________________________________ Signed and delivered_____________________________by the above-named in the presence of Signature___________________ Status______________________ Witnesses : 1. _____________________ 2. _____________________ contd...... SURETY BOND We, (1) _______________________________________________________________________ (2) _______________________________________________________________________ (Name and full address of the sureties) heregby declare ourselves sureties for the above-bounden and guarantee that he/they shall do and perform all that he/they, has/have above under-taken to do and perform, and in case of his/their omission, default or failure therein, we hereby bind ourselves, jointly and severally, to forfeit to the Government of Punjab (here-in-after referred to as 'the Government', which expression shall unless excluded by or repugnant to the context, includes his successor-in-office and assigns) the sum of rupees................(amount in figures followed by amount in words),here-in-after referred to as 'the said sum' in which the above-bounden has bound himself or such other lesser sum as shall be deemed to be sufficient by the Officer Incharge, Sales Tax Check Post/Barrier, the (Assitant Excise and Taxation Commissioner/Excise and Taxation Officer) in writing to re-cover any amount of tax/penalty payable by the above-bounden and remaining unpaid and also to recover any loss,damages, cost or expenses, which the Government may sustain, incur or pay by reason of such omission, default or failure. AND we agree that the Government may, without prejudice to any other rights or remedies of the Government, recover the said sum from us, jointly and severally, as an arrears of land revenue and/or fine imposed by a Magistrate. AND we also agree that neither of us shall be at liberty of us shall be at liberty to terminate this surety-ship except upon giving to the Officer Incharge, Sales Tax Check Post/Barrier/the (Assistant Ex­cise and Taxation Commissioner/Excise and Taxation Officer) six calender months notice in writing of his intention so to do,and our joint and liability under this bond shall continue in respect of all act, omission, defaults, failure and insolvencies on the part of the above-bounden until the expiration of the said period of six months. Signature of sureties in the presence of witnesses. (Name and complete address of the witnesses) 1. ....................................... Signature 2. ....................................... Signature Parmanent address Parmanent address