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<h1>Dealer Surety Bond Ensures Compliance with Central Sales Tax Act, 1956; Covers Liabilities, Requires 12-Month Notice for Termination.</h1> This document is a Central Surety Bond agreement between a dealer and a surety, binding them to the Government of India for a specified sum. The bond ensures the dealer's compliance with the Central Sales Tax Act, 1956, and covers any liabilities or defaults. The dealer and surety are jointly responsible for any losses or expenses incurred by the government due to the dealer's non-compliance. The bond remains effective until all liabilities are settled, and the surety cannot terminate their obligation without a twelve-month notice. The government retains the right to take action against the dealer or surety for any breaches.
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