68.  Preservation of books of account, registers, etc.

    Every  registered dealer   shall   preserve all  books  of  account, 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 eight  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 eight years,  the said  dealer  shall  preserve the  said  books  of account, registers and  other  documents, beyond the  said  period  of eight  years  till  a  final  order  is passed in respect of the  said  proceedings.