THE WEST BENGAL VALUE ADDED TAX RULES, 2005
CHAPTER XV : Incentives to industrial units - deferent of payment of tax by new or expanded industrial units, conditions and restrictions for deferment and certificate of eligibility therefor, remission of tax payable by new or expanded units, conditions and restrictions for remission and certificate of eligibility therefor, exemptions of sales by newly set up small-scale industrial units, conditions and restrictions for exemption and certificate of eligibility therefor.

176. Discharge of loan liability on payment under section 120.-

The provisions of sub-rule (7), and sub-rule (8), of rule 174, shall apply, mutatis mutandis, in the matter of discharge of any loan liability which has been created in respect of any amount of output tax deferred and which is paid under section 120.