INDIA FOREIGN EXCHANGE

 
 
 
 
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    India Foreign Exchange Info

     

    Foreign Trade (Regulation) Rules, 1993

       

    (g) the applicant fails to pay any penalty imposed on him under the Act;

    (h) the applicant has tampered with a licence;

    (i) the applicant or any agent or employee of the applicant with his consent has been a party to any corrupt or fraudulent practice for the purposes of obtaining any other licence;

    (j) the applicant is not eligible for a licence in accordance with any provision of the policy;

    (k) the applicant fails to produce any documents called for by the Director-General or the licensing authority;

    (l) in the case of a licence for import, no foreign exchange is available for the purpose;

    (m) the application has been signed by a person other than a person duly authorised by the applicant under the provisions of the policy;

    (n) the applicant has attempted to obtain or has obtained cash compensatory support, duty drawback, cash assistance benefits allowed to registered exporters or any other similar benefits from the Central Government or any agency authorised by the Central Government in relation to exports made by him on the basis of any false, fraudulent or misleading statement or any document which is false or fabricated or tampered with.

    (2) The refusal of a licence under sub-rule (1) shall be without prejudice to any other action that may be taken against an applicant by the licensing authority under the Act.

    8. Amendment of licence
    The licensing authority may of its own motion or on an application by the licensee, amend any licence, in such manner as may be necessary or to rectify any error or omission in the licence

     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
     
     
     
     
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