Clause 144 - Substitution of section 7. - Finance Bill, 2021

Substitution of section 7. 144. For section 7 of the principal Act, the following section shall be substituted, namely: Adjudicating Authority. 7. The competent authority authorised under subsection (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976.) shall be the Adjudicating Authority to exercise jurisdiction, powers and authority conferred by or under this Act. .