The Sales Tax Officer

Bank Guarantee for Delhi VAT PurposeGuarantee No. .. dated .

Amount of Guarantee Rs. .

Guarantee cover from . to ..

Last date for lodgment of claim

This deed of guarantee executed by the (Bank) having the Regd Office at , (Address) and amongst other places, a Branch at ., (Address of the Branch) (hereinafter referred to as the Bank) in favour of the President of India, through Commissioner DVAT, New Delhi (hereinafter referred to as the Beneficiary) for an amount not exceeding Rs. 85,,000/- (Rupees Eighty Five Thousand only) at the request of M/s . (hereinafter referred to as the Dealer).

This Guarantee is issued subject to the condition that the liability of the Bank under this Guarantee is limited to a maximum of Rs. 85,000/- (Rupees Eighty Five Thousand only) and the Guarantee shall remain in full force upto and cannot be invoked otherwise than by a written demand or claim under this Guarantee served on the Bank on or before the .. .

We, .. (Name & Branch of the Bank) hereby undertake to indemnify against Delhi Value Added Tax and keep indemnified the President of India to the extent of Rs. 85,000/- (Rupees Eighty Five Thousand only) against any loss caused to or suffered in respect of Delhi Value Added Tax and that in the event of any default on the part of the dealer in such payment, we shall pay to the President of India, on demand of such taxes or penalty which the VAT Officer may certify to be due from the dealer under the Delhi Value Added Tax Act, 2004, subject to the maximum limit as aforesaid.

We, the Bank further agree that the guarantee herein contained shall be valid upto a period of . (Period of Guarantee) and shall remain in full force till all dues of the sales tax/VAT under the Delhi Value Added Tax Act, 2004 have fully paid.

We, the Bank undertake not to revoke this Guarantee during the contingency except with the previous consent of the VAT officer in writing.

We, the Bank further agree that we shall not be discharged or relieved from the Guarantee herein contained by the agreement made between the President of India or the Sales Tax/VAT Officer and the said dealer with or without our consent or any forbearance whether as to pay time or otherwise and that for the purpose of its enforcement our liability hereunder shall be joint and severally liable alongwith that of the dealer.

NOT WITHSTANDING anything contained herein before our liability under this Guarantee shall be restricted to a sum of Rs. 85,000/- (Rupees Eighty Five Thousand only) and unless a demand or a claim is made on us in writing on or before We shall be released or discharged from our liability there under and no claim shall be entertained by the bank after this date.

PLACE : NEW DELHISignature of the Bank Manager under its seal

DATED

* Delete whichever is not applicable

Bank Guarantee for Central Sales Tax PurposeGuarantee No. .. dated .

Amount of Guarantee Rs. .

Guarantee cover from . to ..

Last date for lodgment of claim

This deed of guarantee executed by the (Bank) having the Head Office at , (Address) and amongst other places, a Branch at ., (Address of the Branch) (hereinafter referred to as the Bank) in favour of the President of India, New Delhi (hereinafter referred to as the Beneficiary) for an amount not exceeding Rs. . (Rupees ) at the request of (Name & Address of the dealer) (hereinafter referred to as the Dealer).

This Guarantee is issued subject to the condition that the liability of the Bank under this Guarantee is limited to a maximum of Rs. (Rupees .. ) and the Guarantee shall remain in full force upto and cannot be invoked otherwise than by a written demand or claim under this Guarantee served on the Bank on or before the .. .

We, .. (Name & Branch of the Bank) hereby undertake to indemnify against the central sales tax and keep indemnified the President of India to the extent of Rs. . against any loss caused to or suffered in respect of central sales tax and that in the event of any default on the part of the dealer in such payment, we shall pay to the President of India, on demand of such taxes or penalty which the Sales Tax/VAT Officer may certify to be due from the dealer under the Central Sales Tax Act, 1956, subject to the maximum limit as aforesaid.

We, the Bank further agree that the guarantee herein contained shall be valid up to a period of . (Period of Guarantee) and shall remain in full force till all dues of the sales tax/VAT under the Central Sales Tax Act, 1956 have fully paid.

We, the Bank undertake not to revoke this Guarantee during the contingency except with the previous consent of the sales tax/VAT officer in writing.

We, the Bank further agree that we shall not be discharged or relieved from the Guarantee herein contained by the agreement made between the President of India or the Sales Tax/VAT Officer and the said dealer with or without our consent or any forbearance whether as to pay time or otherwise and that for the purpose of its enforcement our liability hereunder shall be joint and severally liable along with that of the dealer.

NOT WITHSTANDING anything contained herein before our liability under this Guarantee shall be restricted to a sum of Rs. (Rupees . ) and shall not exceed beyond Rs. and unless a demand or a claim is made on us in writing on or before We shall be released or discharged from our liability there under and no claim shall be entertained by the bank after this date.

PLACE : NEW DELHISignature of the Bank Manager under its seal

DATED

* Delete whichever is not applicable