Amendment status not verified — confirm the current text below against the official source.
Licensee to enter into a bond. The Excise Commissioner shall re- quire the licensee to furnish a bond in Form B-2 with such surety or sufficient security, in such amount and under such conditions, as the Excise Commissioner approves binding the licensee to pay duty on the goods deposited therein and for the due and safe removal of such goods to another warehouse and for the due observance of the terms, conditions and requirements of the Act, these rules and any other rule made hereunder in respect of the same: Provided that on the revocation of any licence by the Excise Commis- sioner all such goods warehoused therein shall be removed as the Excise Commissioner directs and no abatement of duty or allowance shall be made in respect of any such goods for deficiency of quantity, strength or quality after due notice of such revocation has been given to the licensee: Provided further that in the event of death, insolvency or insufficiency of the surety, the Excise Commissioner may, in his discretion, demand a fresh bond; and may, if the bond is with security, demand at any time he considers it fit to do so, additional security. Comment It Is well settled rule of interpretation that where two provisions operate on one field, both have to be allowed to have their play: unless such operation would result in patent inconsistency or absurdity.