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Foreign Trade (Regulation) Rules, 1993

3. Grant of special licence

1.     Where the Importer-Exporter Code Number granted to any person has been suspended or cancelled under sub-section (1) of section 8, the Director-General may, having regard to the following factors, grant to him a special licence, namely:-

1.     that the denial of a special licence is likely to affect the foreign trade of India adversely; or

2.     that the suspension or cancellation of the Importer-Exporter Code Number is likely to lead to non-fulfillment of any obligation by India under any international agreement;

2.     The special licence granted to any person under sub-rule (1) shall be non-transferable.

Foreign Trade (Regulation) Rules, 1993 Back

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