12.5 The recognition certificate may be refused or suspended or cancelled by the authority which is competent to issue/renew such certificate, if the certificate holder/ applicant or any agent or employee acting on his behalf:

(a) fails to discharge the export obligation imposed;

(b) tampers with licences;

(c) misrepresents or has been a party to any corrupt or fraudulent practice in obtaining any licence;

(d) commits a breach of the Foreign Trade (Development and Regulation) Act, 1992, or the Rules and Orders made thereunder; or

(e) fails to furnish the information required by the Director General of Foreign Trade or any person or authority authorised by him.

A reasonable opportunity shall be given to the applicant or the certificate holder before taking any action under this paragraph.