https://www.taxtmi.com/caselaws?id=154232 Parliament's competence to enact the COFEPOSA and SAFEMA regime was upheld as legislation directed to economic security, foreign exchange conservation and smuggling prevention. A detention order made under the emergency-linked provisions of COFEPOSA could validly serve as the statutory basis for forfeiture action under SAFEMA, and a detenu could not reopen that detention at the forfeiture stage if it had not been successfully challenged earlier. The wide definition of "illegally acquired property" and the inclusion of relatives and associates were sustained as anti-evasion measures aimed at reaching property traceable to illicit activity. Section 5-A was also upheld as a valid severability fiction and not contrary to Article 22(5). en-us Thu, 12 May 1994 00:00:00 +0530 Thu, 19 Jun 2014 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154232 Parliament's competence to enact the COFEPOSA and SAFEMA regime was upheld as legislation directed to economic security, foreign exchange conservation and smuggling prevention. A detention order made under the emergency-linked provisions of COFEPOSA could validly serve as the statutory basis for forfeiture action under SAFEMA, and a detenu could not reopen that detention at the forfeiture stage if it had not been successfully challenged earlier. The wide definition of "illegally acquired property" and the inclusion of relatives and associates were sustained as anti-evasion measures aimed at reaching property traceable to illicit activity. Section 5-A was also upheld as a valid severability fiction and not contrary to Article 22(5). Case-Laws FEMA Thu, 12 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154232