Forfeiture of security (Section 25)

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Full Text of the Document

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....14. (2) Where the Commissioner is not satisfied with the explanation given in response to the notice served upon in sub-rule (1), he shall pass an order in Form DVAT-15 forfeiting the security in part or in full and requiring the person to make good the deficiency of security. (3) Where security is furnished in a form other than cash or bank guarantee and the security is forfeited in full or i....