122. Payment of tax not to be deferred in the event of rejection of application for certificate of eligibility or renewal thereof

If an application for certificate of eligibility made by a dealer under rule 147 or renewal thereof according to sub-rule (1) of rule 149 is rejected under sub-rule (3) of rule 148 or sub-rule (3) of rule 149, the dealer shall, within thirty days from the date of order rejecting such application, make payment of the tax which remains deferred pending disposal of an application for a certificate of eligibility or renewal thereof.