https://www.taxtmi.com/article/detailed?id=10557 Authorized officers may seize Indian-situated value-equivalent assets when foreign exchange or foreign assets abroad are believed to have been held in contravention; such seizures must be placed before the Competent Authority within thirty days, which must decide within one hundred eighty days. A confirmed seizure continues until adjudication concludes and assets are not to be released unless the confirming order is set aside on appeal or by the Competent Authority; interim releases are exceptional and may be reversed if no statutory basis exists. en-us Sat, 23 Jul 2022 10:01:15 +0530 Sat, 23 Jul 2022 10:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10557 Authorized officers may seize Indian-situated value-equivalent assets when foreign exchange or foreign assets abroad are believed to have been held in contravention; such seizures must be placed before the Competent Authority within thirty days, which must decide within one hundred eighty days. A confirmed seizure continues until adjudication concludes and assets are not to be released unless the confirming order is set aside on appeal or by the Competent Authority; interim releases are exceptional and may be reversed if no statutory basis exists. Articles FEMA - Foreign Exchange Management Sat, 23 Jul 2022 10:01:15 +0530 https://www.taxtmi.com/article/detailed?id=10557