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Bare acts > Foreign Trade (Regulation) Rules, 1993 > Rule 3
 
  


 

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-fulfilement 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.

 

 

 

 

 

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