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of <h1>License Cancellation Possible for Fraudulent Procurement, Regulatory Breaches, or Violation of Trade and Customs Rules</h1> The statutory provision outlines grounds for license cancellation under Foreign Trade (Regulation) Rules. The licensing authority may cancel a license if it was obtained fraudulently, breached license conditions, tampered with, or violated customs or foreign exchange regulations. The cancellation must be executed through a written order by the Director-General or licensing authority.
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