147. Manner and form of application for certificate of eligibility for deferment of payment of tax or remission of tax

A registered dealer who intends to claim deferment of payment of tax under sub-section (1) of section 40 or remission of tax under sub-section (1) of section 41, as the case may be, shall, within thirty days from the date of issue of certificate of registration granted to him under sub-section (5) of section 26 or section 27, or within thirty days from the commencement of the eligible period under rule 103, rule 116, rule 129 or rule 138, as the case may be, whichever is later, make an application in Form 23 duly filled in, signed and verified by him for a certificate of eligibility for deferment of payment of tax or remission of tax to such Deputy Commissioner or Assistant Commissioner, as the Commissioner may, by an order in writing, authorised in this behalf :

Provided that an application made after the period of time specified in the sub-rule may be entertained if the dealer satisfies the aforesaid authority that he had sufficient cause for not presenting his application with the specified period of time.