Suspension of a licence, certificate, scrip or any instrument bestowing financial or fiscal benefits.

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....ng, suspend the operation of a ^1[licence, certificate, scrip or any instrument bestowing financial or fiscal benefits] granted to - ^2[(a) any person, if an order of detention or conviction has been made against such person under the provisions of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (52 of 1974) or the Prevention of Money Laundering Act, ....

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....Activities Act, 1974 (52 of1974) do not apply, has been revoked on the report of Advisory Board under section 8 of that Act or before receipt of the report of the Advisory Board or before making a reference to the Advisory Board; or (ii) being an order of detention to which the provisions of section 9 of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974....

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....nd (2) for the word "licence" 2. Substituted vide Notification No. G.S.R 300(E), Dated 17-04-2015, in the clause (a) of sub-rule (1) before it was read as :- "(a) any person, if an order of detention has been made against such person under the provisions of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (52 or 1974); or" 3. Substituted vide Notification....