Section 18
Appellate Tribunal.
The Foreign Exchange Management Act, 1999
About this Act
An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.
1
[18. Appellate Tribunal.--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 (7 of 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. Subs. by Act 7 of 2017, s. 165, for section 18 (w.e.f. 26-5-2017).