Rs.25000 deposit for voluntary registration

Hi,

WITH EFFECT FROM 01/05/11 SECUITY DEPOSIT OF RS. 25000/- UNDER VOLUNERY REGISTATION WILL NOT BE ADJUSTEBLE AGAINST TAX/INTEREST/PENALY.

THE S.D IS REDUNDABLE IN THE MANNER AND TIME AND ON FILFILLMENT OF SUCH CONDITIONS AS IS PRESCRIBE IN THE RULES. THE RULES 60A PROVIDES THAT THE SAME WILL BE REFUNDED ON APPLICATIONS WITHIN 6 MONTHS OF CANCELLATION OF REGISTRATION, WHERE REGISTATION IS CANCELLED WITHIN 3 YEARS. OTHER CASES THE DEALER MAY APPLY REFUND WITHIN 4YEARS FROM DATE OF REGISTRATION BUT AFTER COMPLITING 3 YEARS FROM DATE OF REGISTRATION.

THANX

APARNA SUTAR (STP)

9967649215