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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Bill 2016 amends Smugglers & Foreign Exchange Act: Sections 2A, 3, 12 revised; Tribunal scope expanded.</h1> Clause 223 of the Finance Bill, 2016 amends the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976, effective June 1, 2016. It omits section 2A and modifies section 3 by removing specific wording. In section 12, it revises the scope of the Appellate Tribunal to include appeals under the Narcotic Drugs and Psychotropic Substances Act, 1985, and the Prevention of Money Laundering Act, 2002. It also updates the composition and functioning of the Tribunal, including provisions for acting Chairman in case of vacancy or inability to perform duties.
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