(1) The Commissioner shall, under section 42A, select a certain number of registered dealers, on the basis of large tax payment or large turn over, from time to time, for assessment.

(2) The assessing authority shall issue notice in Form VAT 306-A to the dealer selected for assessment under sub-rule (1) calling for production of such accounts and documents as he may require.

(3) In the event of default by a dealer to comply with the requirement of the notice referred to in sub-rule (2), the assessing authority may complete the assessment to the best of his judgment.

(4) The assessing authority shall issue the order of assessment in Form VAT-312 and demand notice in Form VAT-313.

(5) No order of assessment shall be made under sub-rule (1) after expiry of three years from the end of the tax period or periods in respect of which tax is assessable.