Suspension or cancellation of registration certificate

(1) The Commissioner may suspend, for such period as he considered fit, or cancel any certificate of registration where- (a) any tax payable under section 3 is not duly paid by the holder of such certificate; or (b) there is any breach of any of the condition subject to which a registration certificate is granted or renewed; or (c) the holder of the registration certificate has been convicted under the provision of the Act; Provided that no order prejudicial to a dealer shall be passed under this sub-section without giving him a reasonable opportunity of being heard; Provided further that such cancellation shall not absolve the holder of the registration certificate from his liability to pay tax and other dues under the Act nor bar other action as may be taken against him under the Act. (2) The holder of a registration certificate shall not be entitled to any compensation for any loss or damage directly or indirectly suffered by him for its suspension or cancellation under sub-section (1).