https://www.taxtmi.com/circulars?id=2716 The circular clarifies that if a deemed registered dealer has an existing bank guarantee or personal surety for an amount below the prescribed security threshold, submission of an undertaking from that surety or bank together with an additional bank guarantee or personal surety for the deficient amount will be treated as sufficient compliance with the statutory security requirement under the VAT rules, and that the prescribed security may be reduced on production of specified documents. en-us Fri, 30 Sep 2005 00:00:00 +0530 Sat, 27 Sep 2008 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2716 The circular clarifies that if a deemed registered dealer has an existing bank guarantee or personal surety for an amount below the prescribed security threshold, submission of an undertaking from that surety or bank together with an additional bank guarantee or personal surety for the deficient amount will be treated as sufficient compliance with the statutory security requirement under the VAT rules, and that the prescribed security may be reduced on production of specified documents. Circulars VAT - Delhi Fri, 30 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2716