150. Application for deferment of payment of tax or remission of tax in lieu of capital investment subsidy

(1) A registered dealer who is eligible for further deferment of payment of tax under sub-section (5) of section 40 or remission of tax under sub-section (2) of section 41 in accordance with the provisions of rule 110, rule 123, rule 134 or rule 143, as the case may be, shall, within thirty days from the date of receipt of certificate issued by the Directorate of Industries, Government of West Bengal, in respect of his entitlement to capital investment subsidy, or within thirty days from the commencement of the eligible period under the aforesaid rules, whichever is later, make an application in Form 23 to the Deputy Commissioner or the Assistant Commissioner, as the case may be, for a certificate of eligibility for such further deferment of payment of tax or remission of tax, as the case may be :

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

(2) The application in Form 23 shall specify, inter alia, the amount of capital investment subsidy which is receivable by him.

(3) The dealer shall, while making an application under sub-rule (1), enclose with such application a xerox copy of the certificate issued by the Directorate of Industries, Government of West Bengal.

(4) The provisions of rule 148 or rule 149, as the case may be, shall, in so far as they relate to disposal of an application for certificate of eligibility or renewal thereof, apply mutatis mutandis to the application made under sub-rule (1) for deferment of payment of tax or remission of tax in lieu of capital investment subsidy.