Option to pay fine in lieu of confiscation

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....ited under this Act or under any other law for the time being in force, and shall, in the case of any other goods, give to the owner of the goods ^1[or, where such owner is not known, the person from whose possession or custody such goods have been seized,] an option to pay in lieu of confiscation such fine as the said officer thinks fit: ^3[Provided that where the proceedings are deemed to be ....

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....e hundred and twenty days from the date of option given thereunder, such option shall become void, unless an appeal against such order is pending. Explanation.-For removal of doubts, it is hereby declared that in cases where an order under sub-section (1) has been passed before the date on which the Finance Bill, 2018 receives the assent of the President and no appeal is pending against such or....