Certificate for collection of tax at lower rates from buyer under sub-section (9) of section 206C

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.... 37G is satisfied that existing and estimated tax liability of a person justifies the collection of tax at lower rate, the Assessing Officer shall issue a certificate in accordance with the provisions of sub-section (9) of section 206C for collection of tax at such lower rate; (1A) The existing and estimated tax liability referred to in sub-rule (1) shall be determined by the Assessing Officer ....

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....pplication for a fresh certificate may be made, if required, after the expiry of the period of validity of the earlier certificate given under sub-rule (1). (4) The certificate shall be valid only for the person named therein. (5) The certificate shall be issued direct to the person responsible for collecting the tax under advice to the buyer who made an application for issue of such certifi....