https://www.taxtmi.com/acts?id=19714 An Authorised Officer may, on recorded reasons, seize in India the value equivalent of foreign exchange, foreign securities, or immovable property located abroad suspected to be held in contravention; seizure is subject to a prescribed minimum value. The seizure must be placed before a Competent Authority (senior officer) within a set period, which will confirm or set aside the seizure after hearing enforcement representatives and the aggrieved person; confirmed seizures continue through adjudication. Voluntary disclosure and repatriation by the aggrieved person may lead authorities to set aside the seizure, and appeals lie to the Appellate Tribunal. en-us Wed, 13 May 2015 11:47:50 +0530 Wed, 13 May 2015 11:47:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19714 An Authorised Officer may, on recorded reasons, seize in India the value equivalent of foreign exchange, foreign securities, or immovable property located abroad suspected to be held in contravention; seizure is subject to a prescribed minimum value. The seizure must be placed before a Competent Authority (senior officer) within a set period, which will confirm or set aside the seizure after hearing enforcement representatives and the aggrieved person; confirmed seizures continue through adjudication. Voluntary disclosure and repatriation by the aggrieved person may lead authorities to set aside the seizure, and appeals lie to the Appellate Tribunal. Act-Rules F. Acts / Amendment Acts Wed, 13 May 2015 11:47:50 +0530 https://www.taxtmi.com/acts?id=19714