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Section 14A: Power of recover arrears of penalty.

The Foreign Exchange Management Act, 1999Central Act · Act 42 of 1999

[14A. Power of recover arrears of penalty.--(1) Save as otherwise provided in this Act, the Adjudicating Authority may, by order in writing, authorise an officer of Enforcement not below the rank of Assistant Director to recover any arrears of penalty from any person who fails to make full payment of penalty imposed on him under section 13 within the period of ninety days from the date on which the notice for payment of such penalty is served on him.

(2) The officer 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 procedure laid down under the Second Schedule to the said Act shall mutatis mutandis apply in relation to recovery of arrears of penalty under this Act.]

Where this provision sits

ActThe Foreign Exchange Management Act, 1999
Section14A
Marginal notePower of recover arrears of penalty.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 28 of 2016. . Section 14A shall stand inserted (date to be notified) by Act 28 of 2016, s. 229.

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