(1) A certificate of registration granted to a dealer certificate of registration. under sub-section (2) of section 24, shall be cancelled by the appropriate authority where such authority, after giving a reasonable opportunity to such dealer of being heard, is satisfied that—
(a) the dealer has ceased to carry on business or has ceased to exist at his place of business; or
(b) the dealer has ceased to be liable to pay tax under sub-section
(8) of section 10, section 11, sub-section (8) of section 14.
(2) The cancellation of registration may be made on an application of the dealer or suo /nom on the satisfaction of the appropriate authority.
(3) The cancellation of registration shall take effect from the date of order for such cancellation.
Option for