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22. Person and the required amount of security to be furnished. (1) A person applying for registration under the Act shall furnish security not exceeding one lakh rupees along with the application for registration:-
PROVIDED that the amount of the security shall be reduced by the amount stated below subject to a total maximum reduction of fifty thousand rupees, in case the person produces the following documents:
(2) A person required to pay security under sub-section 4 of section 60 for desealing or release of any premises including the office, shop, godown, box, locker, safe, almirah or other receptacle, shall furnish security of a sum equal to one percent of the maximum of GTO of last three years or a sum equal to five lakh rupees, whichever is higher.
(3) A person offering to pay security under sub-section (5) of section 61 for release of any goods vehicle, goods and documents seized shall furnish security of twice the amount of tax payable if the goods were sold in Delhi, before seeking release of goods vehicle, goods and documents seized.
(4) The Commissioner may require a dealer claiming refund under section 38 to furnish security of the amount not exceeding the amount of refund claimed before the grant of refund.
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