Sample
Example Format of Transfer of Ownership Letter / Certificate of material/ car
etc in word/ .doc in India
TRANSFER OF OWNERSHIP OF GOODS UNDER BOND U/S 59 OF CUSTOMS ACT, 1962
Date : January 20, 2013
Seller
Name & Address | : | M/s
ABC Chemicals Ltd. 55,
Rama Marg New
Delhi – 110 015 |
Buyer’s
Name & Address | : | M/s
Rocket Sales Ltd. Vill.
Khapoli P.O.& Dist. Navi Mumbai Pin– 420 145 (Maharashtra) |
Dear Sirs,
Re
: Sale Contract of 85.182 MT of Ethanol on Bond Transfer Basis
We confirm having agreed
to transfer the ownership of the following goods to Rocket Sales Ltd., Khapoli,
Navi Mumbai (Maharashtra) on Transfer of Bond Basis U/s 59 of Customs Act, 1962
on the following terms and conditions :
1 | Materials | : | Ethanol | |
2 | Quantity | : | 85.182
MT | |
3 | Name
of Vessel | : | MV.
GOLD | |
4 | Sale
Price | : | CIF
+ 2% | |
5 | DUTY | : | Import Duty or other
levy / duty to be paid by the Buyer | |
6 | Clearing | : | The sale being on
Transfer of Bond Basis. Buyer will make their own arrangements for obtaining
delivery of the goods from the Custom and Port Authorities and will make
payment of Custom Duty, Port charges, Wharfage, Handling & Transport
charges for clearance of the material. | |
7 | Payment | : | The buyer will make
payment to the Seller at once on presentation of seller’s proforma invoice /
bill. | |
8 | General
Conditions | : | Delivery and
acceptance of the goods : | |
a) | Title of goods will be
transferred no sooner than the set of documents are handed over by the
sellers to buyers duly endorsed in their favour. | |||
b) | Any amendments and
supplements to the contract are valid only if they are agreed upon by both
parties in writing and signed by authorised representative of the parties. | |||
c) | For any damage and
deficiencies of goods caused in the process in transit, unloading due to
accidents or nature of material, the purchaser should establish beyond
reasonable doubt any damages and deficiencies of goods duly supported by
documents after proper survey and proof of their having lodged initial report
and claim with the Port Trust, Steamer
Co., claims as made would be entitled according to the settlement that may be
arrived at between the seller and their foreign suppliers, and the same would
be binding on the buyers too. | |||
d) | This sale is subject
to force majeur’e clause | |||
e) | This contract is also
subject to Government direction / regulations. | |||
9 | No Sales Tax will be
charged and levied as the above goods are being delivered to the buyer in
terms of transfer of Bond Basis, but if at a later date the Sales Tax
Authorities assess Sales Tax and / or any penalty on this sale, the same shall be paid by the buyer to
seller forthwith demand, for this the buyer shall execute Sales Tax guarantee
/ indemnity bond. Any other Government liability pertaining to this sale will
be borne by the buyer. | |||
10 | Kindly return us the
duplicate contract duly signed and stamped by you as token of acceptance. | |||
