Appointment of adjudicating authorities to hold an inquiry for the purpose of adjudication under section 13 of the Foreign Exchange Management Act, 1999 - S.O. 2128 (E) - Foreign Exchange Management

MINISTRY OF FINANCE (Department of Revenue) ORDER New Delhi, the 8th May, 2023 S.O. 2128(E). In exercise of the powers conferred by section 16 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supersession of the notification of the Government of India in the Ministry of Finance, Department of Revenue, published in the Gazette of India, Extraordinary, Part-II, section-3, sub-section(ii) vide number S.O. 4990(E), dated the 27th September, 2018 , except as respects things done or omitted to be done before such supersession, the Central Government hereby appoints the following officers of the Directorate of Enforcement specified in Column(2) of the Table below as the Adjudicating Authorities for holding an inquiry in the manner prescribed after giving a reasonable opportunity of being heard for the purpose of imposing any penalty under section 13 of the said Act, involving an amount or value as specified in column (3) of the said Table. TABLE Sl. No. Designation of Officers Monetary limit (1) (2) (3) (1) Special Director of Enforcement Cases involving amount exceeding rupees twenty five crores. (2) Additional Director of Enforcement Cases involving amount upto rupees twenty five crores but not less than five crores. (3) Joint Director of Enforcement Cases involving amount upto rupees twenty five crores but not less than five crores. (4) Deputy Director of Enforcement Cases involving amount upto rupees five crores and not less than two crores. (5) Assistant Director of Enforcement Cases involved of amount not exceeding rupees two crores. [F. No. K-11022/5/2023-Ad.ED] SANDEEP GAHLOT, Under Secy.