https://www.taxtmi.com/article/detailed?id=16392 Section 37A of FEMA enables seizure and eventual confiscation of equivalent assets in India where foreign assets are held in contravention of the Act. Suspicion, when supported by application of mind in the seizure order, can trigger action, and seizure is not final because further statutory procedures and an appeal to the Appellate Tribunal are available. en-us Mon, 11 May 2026 09:53:52 +0530 Mon, 11 May 2026 09:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16392 Section 37A of FEMA enables seizure and eventual confiscation of equivalent assets in India where foreign assets are held in contravention of the Act. Suspicion, when supported by application of mind in the seizure order, can trigger action, and seizure is not final because further statutory procedures and an appeal to the Appellate Tribunal are available. Articles Income Tax Mon, 11 May 2026 09:53:52 +0530 https://www.taxtmi.com/article/detailed?id=16392