Form Of Security Bond Required Under Section 138 Of The Sea Customs Act, 1878


sec 69 of custom act 1962 .Clearance of warehoused goods for exportation. (1) Any warehoused goods may be exported to a place outside India without payment of import duty if- (a) a shipping bill or a bill of export has been presented in respect of such goods in the prescribed form ; (b) the export duty, penalties, rent, interest and other charges payable in respect of such goods have been paid; and (c) an order for clearance of such goods for exportation has been made by the proper officer. 

(2) Notwithstanding anything contained in sub-section (1), if the Central Government is of opinion that warehoused goods of any specified description are likely to be smuggled back into India, it may, by notification in the Official Gazette, direct that such goods shall not be exported to any place outside India without payment, of duty or may be allowed to be so exported subject to such restrictions and conditions as may be specified in the notification.

Allowance in case of volatile goods.

sea custom act is now repealed by the custom act 1962

Bond required in certain cases before exportation

138. Before any warehoused goods or goods

subject to excise-duties, or goods entitled to drawback

of Customs-duties on exportation, or goods exportable

only under particular rules or restrictions, are

permitted . to be exported, the owner shall, if required

so to do, give security by bond in such sum, not exceeding

twice the duty leviable on such goods, as the

Customs-collector directs, ·with one sufficient surety,

that such goods shall be duly shipped, exported and

landed at tbe place for which they are entered out~

wards, or shall be otherwise accounted for to the satisfaction

of such officer.

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