Power to Impose Additional fine where Article or Currency or Security is not Available for Confiscation

Power to Impose Additional fine where Article or Currency or Security is not Available for Confiscation https://www.taxtmi.com/acts?id=12701 Section 36 empowers the trial court to impose an additional fine upon conviction where an act or omission makes Indian or foreign articles, currency or securities liable to confiscation but the property is unavailable for confiscation. The fine may extend to five times the value of the property or the prescribed minimum amount, whichever is higher, and is in addition to any other fine imposed for the offence. en-us Fri, 13 May 2011 19:10:36 +0530 Mon, 31 Aug 2026 13:05:14 +0530 TaxTMI RSS Generator Power to Impose Additional fine where Article or Currency or Security is not Available for Confiscation https://www.taxtmi.com/acts?id=12701 Section 36 empowers the trial court to impose an additional fine upon conviction where an act or omission makes Indian or foreign articles, currency or securities liable to confiscation but the property is unavailable for confiscation. The fine may extend to five times the value of the property or the prescribed minimum amount, whichever is higher, and is in addition to any other fine imposed for the offence. Act-Rules FEMA Fri, 13 May 2011 19:10:36 +0530 https://www.taxtmi.com/acts?id=12701