(1) The eligible unit availing tax deferment under earlier law may continue to avail benefit of deferment under the Act in accordance with the respective Government resolution under which an Eligibility Certificate was granted to the eligible unit.

(2) The eligible under availing sales tax deferment shall be entitled to tax credit subject to provisions of sections 11 and 12

(3) The eligible unit shall defer-

(a) the net tax payable by it under section 13, and

(b) the tax payable under the Central Sales Tax Act, 1956.