https://www.taxtmi.com/acts?id=2129 Indian currency seized under the Foreign Exchange Management Act must be returned with interest at 6% per annum where, after investigation, it is found not involved in a contravention. Interest is payable from the date of seizure until payment. During adjudication, where the seized currency is found irrelevant to the adjudication, the Adjudicating Authority may order its return with interest at the same rate. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 02 Sep 2026 14:19:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2129 Indian currency seized under the Foreign Exchange Management Act must be returned with interest at 6% per annum where, after investigation, it is found not involved in a contravention. Interest is payable from the date of seizure until payment. During adjudication, where the seized currency is found irrelevant to the adjudication, the Adjudicating Authority may order its return with interest at the same rate. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2129