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of <h1>Enforcement Officers Can Recover Penalty Arrears Under Section 13 FEMA Using Income-Tax Act's Second Schedule Procedures.</h1> The Adjudicating Authority under FEMA is empowered to authorize an Enforcement officer, not below the rank of Assistant Director, to recover penalty arrears from individuals who fail to pay penalties imposed under section 13 within ninety days of notification. This recovery process grants the officer powers similar to those of income-tax authorities as per the Income-tax Act, 1961. The procedures outlined in the Second Schedule of the Income-tax Act apply to the recovery of penalty arrears under FEMA, ensuring a structured approach to enforcement.
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