Section 144: Bond and security

(1)
Without prejudice to any express requirement as to security contained in the customs or excise laws, the Board may, if it sees fit, require any person to give security by bond or otherwise in such form and manner as it may direct, for the observance of any condition in connection with customs or excise.
(2) Any bond taken for the purposes of the customs and excise laws -
(a) shall be taken on behalf of the Board; and
(b)
shall be valid notwithstanding that it is entered into by a person under 21 years of age; and
(c)
shall be valid notwithstanding that it is not sealed or not signed or delivered in the presence of a witness; and
(d) may be cancelled at any time by or by order of the Board.
(3)
Without prejudice to any rights of a surety under any bond or other security taken for the purposes of the customs and excise laws against the person for whom he is surety, such surety shall be deemed a principal debtor and not merely a surety, and accordingly shall not be discharged, nor shall his liability be affected, by any giving of time for payment, or by any omission to enforce the bond or other security or by any other act or omission or means whereby the liability of the surety would not have been discharged if he had been a principal debtor.