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<h1>CBDT Circular: Release of Seized Promissory Notes Requires Cash Deposit or Irrevocable Bank Guarantee. Certified Copy Needed.</h1> The circular from the Central Board of Direct Taxes, dated June 15, 2005, addresses the release of seized promissory notes to an assessee. The release is contingent upon the assessee depositing an equivalent amount in a P.D. Account, preferably in cash, or providing an irrevocable bank guarantee. Additionally, a certified true copy of the promissory notes, signed and acknowledged by the assessee, must be maintained. The document includes a proforma for the certified copy and specifies the necessary signatures and details required for the release process.