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Hello Aspirant,
Yes you can cancel it but note that if you cancel your allotted seat in round 3rd i.e. the mop-up round then you will have to forfeit your security deposit because free exit is only allowed prior to round 2nd and now if you take an exit or cancel your allotted seat then you will be penalized with your security deposit. So if you are ready to lose it then you can cancel the seat. Otherwise you should not lose the seat until and unless it is not as per your needs.
You can check out complete information brochure from the link given below :-
https://mcc.nic.in/WebinfoUG/File/ViewFile?FileId=4527&LangId=P
I hope this information helps you.
Good Luck!!
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