169. Deferment of payment of tax during the pendency of the application for certificate of eligibility or renewal thereof in respect of a newly set up industrial unit or in the expanded portion of an existing industrial unit. -

Where a registered dealer makes an application in accordance with the provisions of rule 184 for issue of a certificate of eligibility or renewal thereof under sub-rule (1) or rule 186 and such application remains pending for disposal under rule 185 or sub-rule (2) of rule 186, as the case may be, the amount of the output tax according to the return under section 32 or such tax payable or due from him according to notice issued under sub-section (2) of section 45 or clause (b) of sub-section (3) of section 46, shall, subject to the provisions of rule 170, be deferred in accordance with the provisions of clause (a) of sub-section (1) of section 116 and rules made thereunder.