Cancellation of licence: authorities may annul fiscal instruments for fraud, breach, tampering, or customs and foreign exchange contraventions. The Director General or licensing authority may cancel any licence, certificate, scrip or instrument bestowing financial or fiscal benefits if it was obtained by fraud, suppression of facts or misrepresentation; or if the licensee or transferee breached conditions, tampered with the instrument, or contravened laws relating to customs or foreign exchange and their regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cancellation of licence: authorities may annul fiscal instruments for fraud, breach, tampering, or customs and foreign exchange contraventions.
The Director General or licensing authority may cancel any licence, certificate, scrip or instrument bestowing financial or fiscal benefits if it was obtained by fraud, suppression of facts or misrepresentation; or if the licensee or transferee breached conditions, tampered with the instrument, or contravened laws relating to customs or foreign exchange and their regulations.
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