Foreign Trade (Regulation) Rules, 1993 — Cancellation of the licence, certificate, scrip or any instrument bestowing financial or fiscal benefits

Official text

The Director General or the licensing authority may, by an order in writing, cancel any licence granted under these rules, if—

(a) it has been obtained by fraud, suppression of facts or misrepresentation; or

(b) the licensee or transferee has committed a breach of any of its conditions; or

(c) the licensee or transferee has tampered with it in any manner; or

(d) the licensee or transferee has contravened any law relating to customs or foreign exchange or the rules and regulations relating thereto.