law: Foreign Trade (Development and Regulation) Act,1992 
  5. Suspension and cancellation of Importer Exporter Code
  
  Number.— 
  (1) Where –
  (a) Any person has contravened any law
  
  relating to Central excise or customs or foreign exchange or has committed any
  
  other economic offence under any other law for the time being in force as may
  
  be specified by the Central Government by notification in the Official Gazette,
  
  or
  (b) The Director General has reason to believe
  
  that any person has made an export or import in a manner gravely prejudicial to
  
  the trade relations of India with any foreign country or to the interests of
  
  other person engaged in imports or exports or has brought disrepute to the
  
  credit or the goods of the country, the Director General 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 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 good except under a special license, granted,
  
  in such manner and subject to such conditions as may be prescribed, by the
  
  Director General to that person.