Amendment status not verified — confirm the current text below against the official source.
(1) Subject to such restrictions as may be prescribed, the authority who granted licence or permit under this Regulation may; after giving reasonable opportunity of being heard, suspend or cancel the Iice~ce or permit, iI1 the following circumstances, narnely:- (0) ifth~ licence or permit is transf~fl.kd or sublet by the holder thereof without the permission lof the said authority; ,o,t ..: (b) if any excise revenue payable by the holder thereof is not duly paid; , i~' (c) in the event of any breach of theterms and conditions of such licence or permit by the holder or by his employee, or agent; (d) if the holder of the licence or permit or the agent or employee of such holder is convicted of an offence punishable undedhis Regulation or under any other law for the time being in force, relevant to and conbected with excise matters or relating to excise revenue or of any cognizable and U()~lbailable offence; . ' " I I • ~ > 1 " l1u I ' ; .. (e) if the purpose for which the licence ,or permit was granted ceases to exist; (j) if the licence or permit has been obtained through misrepresentatiori or fraud. (2) When a licence or permit held by such person is cancelled under sub-section (1), Ijle aforesaid authority may cancel any other licence or permit granted to such person under this Regulation or under any other law relating to excise revenue. ',' , (3) in the case of cancellation or suspension of licence or permit under sub-section (I), the fee payable for the balance of the period for which any licence or permit shall have been I: irrent but for such cancellation or suspension, may be recovered from the ex-licensee as excise revenue. (4) The holder of a licence or permit shall not be entitled to any compensation for the cancellation or suspension thereof nor shall be entitled to refund of any fee paid or deposit made if any, in respect thereof.