(1) If a licensee ceases to trade in goods and services subject to excise duty, or if the license has to be canceled due to the death of the licensee, the licensee, in the case of ceasing to trade, and in the case of the death of the licensee, the licensee may apply to the excise officer for the cancellation of the license.
(2) If the excise officer finds it necessary to cancel the license on the basis of the application received according to sub-rule (1), the excise officer may cancel the license after collecting any excise amount or fine from the licensee.
(3) According to sub-rule (2), the information about cancellation of license should be given to the applicant within thirty days.
(4) According to sub-rule (2), if it is found that there is no need to cancel the license, such information shall be given to the applicant within thirty days.
(5) According to sub-rule (3), the licensee shall submit the excise duty statement on a monthly basis until the information is received that the license has been cancelled.
(6) According to this rule, the information about the cancellation of the license should also be given to the Department of Industries, the Office of the Company Registrar or other related bodies.