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<h1>Foreign exchange contravention penalties impose enhanced fines, confiscation and potential prosecution for unlawful acquisition of overseas assets.</h1> Section 13 imposes monetary penalties for contraventions of the Act or associated instruments, including enhanced penalties for acquisition of foreign exchange, foreign securities or overseas immovable property beyond a prescribed threshold, confiscation of equivalent value situated in India, and potential criminal prosecution initiated by a specified enforcement officer. Adjudicating authorities may also order confiscation of currency, securities or converted property and direct repatriation or retention of foreign exchange holdings; 'property' includes bank deposits, converted Indian currency and assets arising from conversion.