Regarding Security

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Full Text of the Document

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....alue Added Tax Rules, 2005, a dealer is required to furnish security of Rupees One Lac only subject to reduction to the maximum of rupees Fifty Thousand only on production of documents specified therein. A query has been raised as to whether a deemed registered dealer who has already filed a Bank Guarantee or personal surety under DST Act, but that bank guarantee or personal surety is for an amo....