15. Suo motu Cancellation of the certificate of registration under section 29.-

When the appropriate assessing authority upon receiving information, is satisfied that the dealer has ceased to carry on business or ceased to exist at his place of business or ceased to be liable to pay tax under sub-section (8) of section 10, section 11 or sub-section (8) of section 14, he shall, after giving the dealer an opportunity of being heard, cancel the certificate of registration of such dealer under sub-section (1) of section 29 and such cancellation will take effect from the date of such order.