Where the Assessing Officer is satisfied that the total income of the Buyer or Licensee or Lessee [A11] justifies the Collection of tax at any lower rate than the relevant rate specified under Section 206C (1) or (1C) of the same section, he shall, on an application made by the buyer, licensee or lessee in Form no. 13, to give him a Certificate for collection of tax at such lower rate than the relevant rate specified in Section 206C.

In case where such a Certificate Section 206C (9) is given, the person responsible for collecting the tax shall, until such certificate is cancelled by the Assessing Officer, collect the tax at the rates specified in such certificate.

Further the Board may, having regard to the convenience of assessees and the interests of revenue, by notification in the Official Gazette, make rules specifying the cases in which, and the circumstances under which, an application may be made for the grant of a certificate under Section 206C (9) and the conditions, subject to which such certificate may be granted and providing for all other matters related to same.