Seizure of Accounts and Records permits seizure after inspection where reasonable cause indicates foreign exchange contraventions.

Seizure of accounts or records may follow an inspection where the inspecting officer has reasonable cause to believe that the Act or any law relating to foreign exchange has been or is being contravened. The officer may produce the seized material before the court, authority or tribunal in which proceedings are brought. The authorised officer must return it where no proceeding is instituted within six months from seizure for the disclosed contravention.

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