Rule 7 - Refusal to grant licence, certificate, scrip or any instrument bestowing financial or fiscal benefits and recovery of benefits.

Refusal to grant licences where false statements, noncompliance, or pending action justify denial and recovery measures follow.

The Director General or licensing authority may refuse to grant or renew licences, certificates, scrips or any instruments bestowing financial or fiscal benefits for recorded reasons including breaches of customs or foreign exchange laws, false or fraudulent statements or documents, corrupt practices, tampering, non payment of penalties, lack of conformity with rules or Policy, unauthorised signatures, absence of foreign exchange for import licences, association with entities subject to pending action, or canalisation of trade; refusal is without prejudice to other action under the Act.