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Act No. 355 Section 238

Section 238

SEC. 238. The entry for warehousing having been examined by the collector, and the duty estimated thereon, the collector shall take a bond from the importer, with satisfactory security, in double the amount of such estimated duties, in the following form: "WAREHOUSING BOND. "Know all men by these presents, that we, ................................... as principals, and .................................., as sureties, are held and firmly bound unto the Government of the Philippine Islands in the sum of .................................... dollars, to be paid to the Government of the Philippine Islands, for the payment whereof we bind ourselves, our heirs, executors, administrators, and assigns, jointly and severally, firmly by these presents. "Witness our hands and seals at the port of ............................ this .............................. day of .............................., nineteen hundred and ........................................ "Whereas certain goods, wares, and merchandise, consisting of .................................. (here insert marks, number, description of packages, quantity and contents), were originally imported at the port of ........................ in the ......................., whereof ................................. is (or was) master, from .........................., on the .......................... day of ............................, nineteen hundred and ................................; "And whereas the above-bounden principals have this day entered the same at the port of ............................, under the laws of the Philippine Islands providing for the warehousing of merchandise in bond, as per warehouse (or rewarehouse) entry number ........................., in which the said goods, wares, and merchandise are also described or set forth; "Now, therefore, the condition of the above obligation is such that if, within one year from the said date of original importation, the said goods wares, and merchandise shall be regularly and lawfully withdrawn from public store or bonded warehouse on payment of the legal duties and charges to which they shall then be subject; or if, at any time within one year from the said date of original importation, they shall be so withdrawn for actual export beyond the limits of the Philippine Islands, then the above obligation to be void; otherwise, to remain in full force. "............................................................. (SEAL.) "............................................................. (SEAL.) "............................................................. (SEAL.) "Signed, sealed, and delivered in the presence of "............................................................. "............................................................."

Read the full instrument → · Open the chapter this section belongs to: CHAPTER XVIII. →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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