https://www.taxtmi.com/acts?id=8978 The Director General or licensing authority may refuse to grant or renew a licence for recorded reasons where the applicant has contravened customs or foreign exchange law; submitted non conforming, false, fraudulent or misleading applications or documents; faces pending action under the Act or Rules; tampered with licences; engaged in corrupt or fraudulent practices; failed to pay penalties or produce requested documents; is ineligible under policy; or where trade is canalised or foreign exchange is unavailable. Refusal is without prejudice to other action under the Act. en-us Fri, 17 Oct 2008 13:26:49 +0530 Sat, 31 May 2025 11:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8978 The Director General or licensing authority may refuse to grant or renew a licence for recorded reasons where the applicant has contravened customs or foreign exchange law; submitted non conforming, false, fraudulent or misleading applications or documents; faces pending action under the Act or Rules; tampered with licences; engaged in corrupt or fraudulent practices; failed to pay penalties or produce requested documents; is ineligible under policy; or where trade is canalised or foreign exchange is unavailable. Refusal is without prejudice to other action under the Act. Act-Rules FEMA Fri, 17 Oct 2008 13:26:49 +0530 https://www.taxtmi.com/acts?id=8978