Power to allow import or export on execution of bonds in certain cases [Section143] :

If the importer or exporter is unable to fulfil the conditions for import/export, the Assistant or the Deputy Commissioner of Customs can permit clearance of imported goods/or export, subject to the following:

(a) The Assistant or Deputy Commissioner of Customs can grant leave for such import/or export or clearance of goods only if he is satisfied that having regard to the circumstances of the case the leave can be granted.

(b) A bond in such amount, with such surety or security and subject to such conditions as the Asst or Deputy Commissioner approves.

On fulfillment of conditions within the time specified in the bond, the Assistant Commissioner of Customs or Deputy Commissioner of Customs shall cancel the bond as discharged in full and shall, on demand, deliver it, so cancelled, to the person who has executed or who is entitled to receive it.

If the conditions are not fulfilled within the time specified in the bond, the Assistant Commissioner of Customs or Deputy Commissioner of Customs shall, without prejudice to any other action that may be taken under this Act or any other law for the time being in force, be entitled to proceed upon the bond in accordance with law.