https://www.taxtmi.com/acts?id=19781 Section 37A permits seizure of assets in India equivalent to foreign exchange, foreign security, or overseas immovable property suspected to be held contrary to the restriction on such assets. Written reasons are required, and seizure is subject to the prescribed value threshold. The Competent Authority must review the seizure after hearing the affected person and enforcement representatives. Confirmed seizure continues pending adjudication, while disclosure and repatriation of overseas assets may justify setting it aside. The Competent Authority's orders are appealable, and compounding is excluded. en-us Sun, 17 May 2015 16:06:55 +0530 Thu, 27 Aug 2026 17:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19781 Section 37A permits seizure of assets in India equivalent to foreign exchange, foreign security, or overseas immovable property suspected to be held contrary to the restriction on such assets. Written reasons are required, and seizure is subject to the prescribed value threshold. The Competent Authority must review the seizure after hearing the affected person and enforcement representatives. Confirmed seizure continues pending adjudication, while disclosure and repatriation of overseas assets may justify setting it aside. The Competent Authority's orders are appealable, and compounding is excluded. Act-Rules FEMA Sun, 17 May 2015 16:06:55 +0530 https://www.taxtmi.com/acts?id=19781