Deferment of payment of tax in respect of certain industrial units

Subject to such restrictions and conditions as may be prescribed, the Commissioner may, in the prescribed manner, permit the output tax payable under this Act by a registered dealer or a class or classes of dealers as may be prescribed, according to his returns referred to in sub-sections (1), (2) and (3) of Section 30, to be deferred or to be paid in instalments, as the case may be, subject to the provisions of the rules made under this Section.