Transfer of Exclusive privilege

(1) A grantee of an exclusive privilege under section 20 shall not let or assign the same or any portion thereof unless he is expressly authorised, by a condition made under that section to do so. (2) Such letting or assignment shall be made only to a person approved by the Collector or if the letting or assignment extends to more than one district by the Excise Commissioner. (3) The lessee or assignee shall not exercise any rights as such unless and until the Collector or the Excise Commissioner or as the case may be, has upon his application, granted him a license to do so.