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.