Surety bond requirement for VAT registration secures government recovery for dealer defaults and survives thirty-six months post-cessation.

A local surety bond is mandated for VAT registration, obliging the dealer and one surety to secure and indemnify the Government against liabilities, with payment enforceable on demand by the Commissioner and recoverable as land revenue; the bond endures for thirty-six calendar months after final cessation of the dealer's liability, and the surety's liability continues despite forbearance and until one year after written notice of termination.

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