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of <h1>Foreign Exchange Violations: Authorized Officers Can Seize Equivalent Assets in India Under Strict Enforcement Measures</h1> The statutory provision outlines special enforcement measures for foreign exchange violations. An authorized officer can seize equivalent value of assets within India if foreign assets are suspected of being held illegally. The Competent Authority must review the seizure within 180 days, providing an opportunity for hearing. The seized assets remain under control until adjudication proceedings conclude. An aggrieved party can appeal to the Appellate Tribunal, and may seek seizure reversal by disclosing and repatriating the foreign assets.
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