62. Maintenance of accounts, records, etc.

(1) Every registered dealer or a dealer on whom a notice has been served to furnish return under sub-section (3) of section 30 shall maintain and keep a true and up to date account of the value of goods purchased or manufactured or sold by him or goods held by him in stock, and, in addition to the books of accounts that a dealer maintains or keeps for the purposes referred to in this sub-section, he shall maintain and keep such registers or accounts in such form as may be prescribed.

(2) Every registered dealer and every dealer referred to in sub-section (1) shall keep at his place of business all accounts, registers and documents which may be required by the Commissioner or an Additional Commissioner or any person appointed under sub-section (1) of section 3 to assist the Commissioner for the purpose of inspection under sub-section (2) of section 65, and shall not keep or remove elsewhere such accounts, registers and documents except in accordance with the requirement of law or except for any purpose for which just cause is shown to the satisfaction of the Commissioner or the Additional Commissioner or the person appointed under sub-section (1) of section 3 to assist the Commissioner.