Every registered dealer shall preserve all books of accounts, registers and other documents relating to the stocks, purchases, dispatches and deliveries of goods and payments made towards sale or purchase of goods for a period of not less than six years from the expiry of the year to which they relate.

Provided that, where any proceedings have been initiated in respect of any registered dealer within the said period of six years, the said dealer shall preserve the said books of accounts, registers and other documents, beyond the said period of six years till a final order is passed in respect of the said proceedings.