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"8.Suspension and cancellation of Importer-exporter
Code Number:-
(1) Where-
(a) any person has contravened any of the provisions of this
Act or any rules or orders made thereunder or the foreign trade
policy or any other law for the time being in force relating to
Central excise or customs or foreign exchange or has committed
any other economic offence under any other law for the time
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being in force as may be specified by the Central Government by
notification in the Official Gazette; or
(c) any person who imports or exports specified goods or
services or technology, in contravention of any provision of this
Act or any rules or orders made thereunder or the foreign trade
policy,
the Director General or any other officer authorised by him may
call for the record or any other information from that person and
may, after giving to that person a notice in writing informing him
of the grounds on which it is proposed to suspend or cancel the
Importer-exporter Code Number and after giving him a
reasonable opportunity of making a representation in writing
within such reasonable time as may be specified in the notice
and, if that person so desires, of being heard, suspend for a
period, as may be specified in the order, or cancel the Importer-
exporter Code Number granted to that person.
(2) Where any Importer-exporter Code Number granted to
a person has been suspended or cancelled under sub-section (1),
that person shall not be entitled to [import or export any goods
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or services or technology] except under a special licence,
granted, in such manner and subject to such conditions as may be
prescribed, by the Director General to that person."