https://www.taxtmi.com/acts?id=19712 Acquisition of foreign exchange, foreign security, or immovable property outside India above the prescribed threshold attracts a penalty of up to three times the sum involved and confiscation in India of equivalent value. Prosecution may be recommended and directed only after written reasons are recorded, with a criminal complaint filed by an officer not below the rank of Assistant Director. The contravention may also result in imprisonment of up to five years and fine, and court cognizance requires a written complaint by the specified officer. en-us Wed, 13 May 2015 11:47:03 +0530 Thu, 27 Aug 2026 15:20:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19712 Acquisition of foreign exchange, foreign security, or immovable property outside India above the prescribed threshold attracts a penalty of up to three times the sum involved and confiscation in India of equivalent value. Prosecution may be recommended and directed only after written reasons are recorded, with a criminal complaint filed by an officer not below the rank of Assistant Director. The contravention may also result in imprisonment of up to five years and fine, and court cognizance requires a written complaint by the specified officer. Act-Rules F. Acts / Amendment Acts Wed, 13 May 2015 11:47:03 +0530 https://www.taxtmi.com/acts?id=19712