Return filing requirement for banks engaged in precious metals and repossessed vehicles mandates quarterly submission in prescribed Form Bank-1. Scheduled Banks with branches in Delhi dealing in silver, gold or repossessed vehicles must file quarterly returns in the prescribed Form Bank-1 within twenty eight days of quarter end, beginning with the quarter ending 30th June, 2013; consolidated 2012-13 transaction data must be submitted in Form Bank-1 by 15th June, 2013. The notification is issued under section 27 of the Delhi Value Added Tax Act, 2004 and is effective immediately. Form Bank-1 requires transaction details, tax collected, computation of tax/interest/penalty, payment particulars and a verification declaration.