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Section 68K: Fine in lieu of forfeiture

The Narcotic Drugs and Psychotropic Substances Act, 1985Central Act · Act 61 of 1985

[68K. Fine in lieu of forfeiture. -- (1) Where the competent authority makes a declaration that any property stands forfeited to the Central Government under section 68-I and it is a case where the source of only a part of the illegally acquired property has not been proved to the satisfaction of the competent authority, it shall make an order giving an option to the person affected to pay, in lieu of forfeiture, a fine equal to the market value of such part.

(2) Before making an order imposing a fine under sub-section (1), the person affected shall be given a reasonable opportunity of being heard.

(3) Where the person affected pays the fine due under sub-section (1), within such time as may be allowed in that behalf, the competent authority may, by order, revoke the declaration of forfeiture under section 68-I and thereupon such property shall stand released.]

Where this provision sits

ActThe Narcotic Drugs and Psychotropic Substances Act, 1985
Section68K
Marginal noteFine in lieu of forfeiture
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 2 of 1989. . Ins. by Act 2 of 1989, s. 19 (w.e.f. 29-5-1989)

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