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<h1>Delhi VAT Act: Dealers Must Secure Rs. 1 Lac, Reducible to Rs. 50K with Documents; Clarification for Deemed Registered Dealers Provided.</h1> Circular No. 33 of 2005-06, issued by the Department of Trade & Taxes, Government of the National Capital Territory of Delhi, addresses the security requirements under the Delhi Value Added Tax Act, 2004, and its corresponding rules. Dealers must furnish security of Rupees One Lac, reducible to Rupees Fifty Thousand upon providing specified documents. A clarification is provided for deemed registered dealers with existing bank guarantees or sureties under the DST Act that are less than the required amount. These dealers can submit an undertaking along with an additional guarantee or surety for the deficient amount to meet compliance requirements.