Foreign Trade (Development and Regulation) Act,1992
10. Cancellation of the license. —
The Director General or the licensing authority may, by an order in writing, cancel any license granted under these rules, if –
(a) The license 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 license in any manner; or
(d) The licensee has contravened any law relating to customs or foreign exchange or the rules and regulations relating thereto.