Section 18 - Appellate Tribunal - Foreign Exchange Management Act,1999

2 [ Appellate Tribunal. 18. The Appellate Tribunal constituted under sub-section (1) of section 12 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976, (13 of 1976.)shall, on and from the commencement of Part XIV of Chapter VI of the Finance Act, 2017, be the Appellate Tribunal for the purposes of this Act and the said Appellate Tribunal shall exercise the jurisdiction, powers and authority conferred on it by or under this Act.] -------------- Notes:- 1. Inserted vide THE FINANCE ACT, 2015 w.e.f. 14th May 2015 2. Substituted vide THE FINANCE ACT, 2017 before it was read as, Establishment of Appellate Tribunal. 18. The Central Government shall, by notification, establish an Appellate Tribunal to be known as the Appellate Tribunal for Foreign Exchange to hear appeals against the orders of the Adjudicating Authorities 1 [Competent Authorities] and the Special Director (Appeals) under this Act.