Section 18(1)

18. (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 licence or permit, in the following circumstances, namely:-
(a) if the licence or permit is transferred or sublet by the holder thereof without the permission of the said authority;
(b) if any excise revenue payable by the holder thereof is not duly paid;
(c) in the event of any breach of the terms 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 under this Regulation or under any other law for the time being in force, relevant to and connected with excise matters or relating to excise revenue or of any cognizable and non-bailable offence;
(e) if the purpose for which the licence or permit was granted ceases to exist;
(f) if the licence or permit has been obtained through misrepresentation or fraud.