Sales Tax Instructions

Sales Tax Instructions, 2009
The above bounded obligor(s) having been permitted to remove form time to time goods without
payment of sales tax for further processing and export.
Whereas, the Collector of Sales Tax has required the obligor(s) to deposit as guarantee for the
amount of this bond, the sum of ………………. Rupees as hereinafter mentioned of a total face
value of……………….. rupees endorsed in the Collector‘s favour namely
…………………………………the bank or insurance guarantee No……………. dated ………………..
furnished by M/s. …………………………… for the amount of ………………….. rupees and where
as the obligator(s) has / have furnished such guarantee by depositing with the Collector the bank
or insurance guarantee as aforementioned.
The condition of this bond is that if the obligor(s) and his / her legal representative shall observe
all the provisions of Sales Tax Act, 1990 and the Rules made there under;
And if all dues, whether sales tax or other lawful charges, which shall be demandable on the
goods received for further processing an export duly paid by the obligor(s) and his / their legal
representative into the treasury within 10 days of demand thereof being made in writing by the
said officer of Sales Tax;
This obligation shall be void.
Otherwise and on breach r failure in the performance of any part of this condition, the same shall
be in full force.
And the President shall at his option, be competent to make good all the loss and damages by
enforcing his rights under the above written bond.
I/We declare that this bond is given under the order of the Federal Government for the
performance of an act in which the public are interested.
Unless sooner cancelled by the Collector of Sales Tax, this bond shall remain in force and bank
guarantee / insurance guarantee shall continue to be operative and remain valid until such time
any liability persists against the obligor(s).
Place……………………………………..
Date ……………………………………..
Signature(s) Name & NIC of Obligor(s)
Signature of witnesses:
Place:(1)……………………………………..
Date: (2) ……………………………………..
S. No. Name of the witnesses with NIC No. Address Occupation & NTN
1.
2.
Accepted by me this ………… day of 19……
Collector of Sales Tax
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