Amendment of Act 42 of 1999.

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.... 229. In the Foreign Exchange Management Act, 1999, after section 14, the following section shall be inserted, namely:-- Power to recover arrears of penalty. "14A. (1) Save as otherwise provide....

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.... referred to in sub-section (1) shall exercise all the like powers which are conferred on the income-tax authority in relation to recovery of tax under the Income-tax Act, 1961 (43 of 1961.)and the pr....