(1) Subject to such restrictions as the State Government may prescribe, he authority who granted any license, permit or pass under this Act may cancel or suspend it —
(a) If it is transferred or sublet by the holder thereof without the permission of the said authority; or
(b) if any duty or fee payable by the holder thereof be not duly paid ; or
(c) in the event of any breach by the holder thereof, or by any of his servants, or by any one acting on his behalf with his express or implied permission, of the terms or conditions thereof or
(d) if the holder thereof is convicted of any offence punishable under this Act or any other law for the time being in force relating to revenue, or of any cognizable and non-bailable offence or any offence punishable under the Narcotic Drug and Pschycotropic Substances Act, 1985 or under the Trade and Merchandise Marks Act, 1958 (43 of 1958), or under any section which has been introduced into the Indian Penal Code by section 3 of that Act (Act XLV of 1860); or under the Medical and Toilet Preparations (Excise duties) Act, 1945 ; or
(e) if the holder thereof is punished for any offence under the Customs Act, 1962 or
(f) Where a license, permit or pass has been granted on the application of the holder of any exclusive privilege granted under section 20 on the requisition in writing of such holder ; or
(g) if the conditions of the license, permit or pass provided for such cancellation or suspension at will.
(2) When a license, permit or pass held by any person is cancelled under clause
(a), clause (b), clause (c), clause (d), or clause (e) of sub-section (1) the authority aforesaid may cancel any other license, permit or pass granted to such person by, or by the authority of, the State Government under this 20 Act, or under the Narcotic Drugs and Pschycotropic Substances Act, 1985.
(3) The holder of a license, permitor pass shall not be entitled to any compensation for its cancellation or suspension under this section, or to the refund of any fee paid or deposit made in respect thereof.