The Foreign Trade (Development and Regulation)
10. Cancellation of the licence. —
The Director General or the licensing authority may, by an order in writing, cancel any licence granted under these rules, if –
(a) The licence has been obtained by fraud , suppression of facts or misrepresentation; or
(b) The licensee has committed a breach of any of the conditions of the licensee; or
(c) The licensee has tampered with the licence in any manner; or
(d) The licensee has contravened any law relating to customs or foreign exchange or the rules and regulations relating thereto.