FORM NO. PMR 2 ZIMBABWE REVENUE AUTHORITY

FORM NO. PMR 2
ZIMBABWE REVENUE AUTHORITY
PHARMACEUTICAL PRODUCTS MANUFACTURER`S BOND
BY THIS BOND WE ………………………………………………………………………………………………
of ………………………………………...……………………………………………………………, as Principal
and ……………………………………………………………...…………………………………………………..
of …………………………………………………………………………………...……………………, as Surety
are held and firmly bound unto the Zimbabwe Revenue Authority in the sum of Z$…………………..…………
……………………………………………………………………………………………………………………..
(amount in words) to be paid to the said Authority, to which payment, well and truly to be made, we bind
ourselves, and each of us jointly and severally, each and for the whole, our heirs, executors and administrators,
and every one of them, firmly by these presents.
WHEREAS the above-bounded Principal is desirous under the provisions of the Customs and Excise
Act [Chapter 23:02], of using, for manufacturing purposes, materials used in the manufacture of approved
pharmaceutical products including such immediate packaging referred to in the Second Schedule of the
Pharmaceutical Manufacturer’s Rebate Regulations S.I 174 of 2005 in respect of which a rebate of the duty
ordinarily payable has been granted:
NOW the conditions of the above-written bond are such that if the said Principal –
(i)
does not engage in any attempt by himself, or in collusion with others, to defraud the
said Authority of any duty on pharmaceutical materials and its packaging obtained by
him under rebate; and
(ii)
renders truly and completely all the returns and statements prescribed or required in
terms of the said Act; and
(iii)
in all respects complies with the terms of the said Act;
then the above-written bond shall be void, but otherwise shall remain in full force.
IN THE EVENT of any failure to comply with the above conditions, the amount specified above plus
interest, or such lesser amount as the Commissioner may determine, shall immediately become due and payable
to the Authority.
The Surety hereby renounces each and every benefit which might otherwise be available to him against the
creditor and, in particular, the benefit of excussion and division, with the nature, force and effect of which the
Surety acknowledges himself to be fully acquainted.
THE Principal or the Surety shall not be entitled to cancel their liability under this Bond unless written notice of
an intention to do so has been given to and acknowledged by the Commissioner at least three calendar months
before such cancellation. The Commissioner shall not allow such cancellation until he is satisfied that the
obligations of the Principal under the provisions of the said Act have been complied with.
Signed by the Principal at ………………………………………………………………………………………. on
this ……………………………………… day of ………………………………..(month) …………….….. (year)
…………………………………………………………
(Full names)
………………………………………….
(Signature)
DESIGNATION ………………………………………………………….
2/…..
-2In the presence of –
Witness ………………………………………………..
(Full names)
………………………………………….
(Signature)
Witness ………………………………………………..
(Full names)
………………………………………….
(Signature)
Signed by the Surety at ……………………………………………………………….………………. on
this …………………………………….. day of ………………………………. (month) …………...…….. (year)
…………………………………………………………..
(Full names)
………………………………….…………Surety
(Signature)
…………………………………………………………
(Designation)
OFFICIAL STAMP OF SURETY
In the presence of –
Witness………………………………………………..
(Full names)
Witness ………………………………………………….
(Full names)
………………………………………………….
(Signature)
……………………………….…………………
(Signature)
FOR ZIMRA USE
BOND NO:…………………….
……………………………
Date received
…………………………………………………..
Name and Signature of Supervisor
……………………………………………
Name and Signature of Coordinator
Date Stamp
… ……………………………………...
For Regional Manager (Name and signature)