Appointed Certain Officers of the Central Government to Adjudicate Certain cases of contravention under the repealed Act - Superseded Various Notifications - S.O. 1966(E) - Foreign Exchange Management

Appointed Certain Officers of the Central Government to Adjudicate Certain cases of contravention under the repealed Act - Superseded Various Notifications Notification Dated 24-8-2012 S.O. 1966(E)- Whereas the Foreign Exchange Management Act, 1999 (42 of 1999) was brought into force vide G.S.R. 371(E) published in the Gazette of India, Part II, section 3, sub-section (i) on 1st May, 2000 giving effect to the provisions of the said Act from 1st June, 2000. And whereas, the Central Government by orders published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) vide Number G.S.R. 308(E), dated 20th March, 2003, 395(E), dated 31st March, 2003, 986(E), dated 28th August, 2003, 964(E), dated 25th August, 2003, 1394(E), dated the 28th November, 2003 and 1424(E), dated 16th December, 2003 in exercise of the powers conferred by section 50 read with sub-sections (1) and (3) of section 4 of the Foreign Exchange Regulation Act, 1973 (46 of 1973) (repealed Act), appointed certain officers of the Central Government to adjudicate certain cases of contravention under the repealed Act; Now, therefore, in exercise of the powers conferred by section 50, read with sub-sections (1) and (3) of section 4 of repealed Act and sub-sections (3), (4) and (5) of section 49 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supersession of all the aforesaid notifications, 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 under the Department of Revenue specified in column (2) of the Table below as adjudicating officers for the purpose of adjudicating cases involving an amount or value of contravention as specified in column (3) of the said Table in respect of those contraventions made on or before the 31st May, 2002 under the provisions of the repealed Act TABLE Sl. No. Designation of Officers Amount or value of contravention (1) (2) (3) (1) Director of Enforcement Cases involving amount or value exceeding Rupees Five crore (2) Special Director of Enforcement Cases involving amount or value exceeding Rupees Five crore (3) Additional Director of Enforcement Cases involving an amount or value in excess of Rupees Three crore but not exceeding Rupees Five crore (4) Joint Director of Enforcement Cases involving an amount or value in excess of Rupees One crore but not exceeding Rupees Three crore (5) Deputy Director of Enforcement Cases involving an amount or value of Rupees Fifty lakh but not exceeding Rupees One crore. (6) Assistant Director of Enforcement Cases involving amount or value not exceeding Rupees Fifty lakh. [F.NO.K-11022/80/2011-AD.ED.],