Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
Section 165 - Amendment of Act 42 of 1999. - THE FOREIGN EXCHANGE MANAGEMENT ACT, 1999.
Finance Act, 2017 Part XIV AMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC.
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Appellate tribunal merger transfers appellate jurisdiction and refocuses powers on the Special Director (Appeals) framework. The Finance Act, 2017 designates the Appellate Tribunal under the Smugglers and Foreign Exchange Manipulators Act as the Appellate Tribunal for the ... Summary
Appellate tribunal merger transfers appellate jurisdiction and refocuses powers on the Special Director (Appeals) framework.
The Finance Act, 2017 designates the Appellate Tribunal under the Smugglers and Foreign Exchange Manipulators Act as the Appellate Tribunal for the Foreign Exchange Management Act, transfers appellate jurisdiction to that Tribunal, and redirects statutory references to the Special Director (Appeals). It replaces and omits multiple sections to recast qualifications for appointment, and prescribes that salaries, allowances and other terms for the Special Director (Appeals) and staff shall be as may be prescribed, with officers provided by the Central Government and operating under the Special Director's general superintendence. Relevant officials are deemed public servants.
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