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[Cites 0, Cited by 0] [Section 7B(1)] [Section 7B] [Entire Act]

State of Punjab - Subsection

Section 7B(1)(c) in The Central Sales Tax (Punjab) Rules, 1957

(c)If the Assessing Authority has ordered the dealer to furnish bank guarantee for the amount of the security, the dealer shall furnish to the Assessing Authority concerned bank guarantee from a scheduled bank agreeing to pay to the State Government on demand the amount of security involved.