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of <h1>Trade License Denial: Key Grounds Under Foreign Trade Rules for Blocking Business Permissions and Regulatory Compliance</h1> The statutory provision outlines grounds for refusing or not renewing a trade license under Foreign Trade (Regulation) Rules, 1993. Reasons include contravening customs or exchange laws, submitting false documents, pending legal actions, fraudulent practices, ineligibility, failure to produce required documents, lack of foreign exchange, or unauthorized application signing. The licensing authority can refuse a license with written reasons, and such refusal does not preclude additional legal actions against the applicant.
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