In these rules unless the context otherwise requires:
Application Grant for License: A person can make an application for the grant of a License to Import or Export in accordance with the provisions of the Policy.
Conditions for License: License authority may issue a license for import and follow the condition that the goods covered by the License not to be disposed with the provisions of the policy or by the License authority in the license and the applicant shall execute a bond for complying with the terms and conditions.
Amendment of License: License authority may have it's own motion or an application by the License, amend any license in such manners may be necessary to rectify any error or omission in the license.
Cancellation of a License: The License authority or Director General may cancel any License granted if the License has tempered with the license in any manner or the License has been obtained by fraud or misrepresentation.