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State of Goa - Section

Section 22 in The Goa, Daman and Diu (Excise Duty) Rules, 1964

22. Execution of bond and issue of permit.

- When the above conditions are satisfied, the dealer shall execute with the commissioner a bond in Form E-11 binding himself to perform the conditions of the permit, with two sureties. The bond shall be for an amount not exceeding to one and half times the amount of the duty payable on the liquor deposited in the warehouse. Thereupon permit in Form E-12 shall be issued by the Commissioner.