Section 68(3) in Jammu and Kashmir Minor Mineral Concession, Storage, Transportation of Minerals and Prevention of Illegal Mining Rules, 2016
(3)Where a licensee is found to be in breach of the conditions of licence, the licensing authority may take any or all the following actions :-(i)suspension of the license with stoppage of receipt or purchase or sale of any mineral in raw or processed form in or from the stockyard. The dealer shall be holding the inventory of stocks, duly accessed at the time of suspension of license till such time the suspension order is revoked. The period of suspension, may continue upto a period of three months or till such time the breach is rectified, whichever is earlier ;(ii)temporary seizure of the stocks till such time the stocks are reconciled with the records and established to have been accepted from legal sources ;(iii)forfeiture of the stocks and their disposal as per provisions of these rules and termination of the dealer license ; and(iv)cancellation of licence with provision for a ban of 5 years to grant any fresh license to the individual, firm or company.
