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TypeBare Act JurisdictionCentral Government

Foreign Exchange Regulation Act, 1973 Section 63

Confiscation of Currency, Security, Etc.

~1 min read
https://sooperkanoon.com/act/1104

Bare act section · Research

About this section

Foreign Exchange Regulation Act, 1973 Section 63 is part of Foreign Exchange Regulation Act, 1973 - Confiscation of Currency, Security, Etc.. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

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Section Text

Any court trying a contravention under section 56 and the adjudicating officer adjudging any contravention under section 51 may, if it or he thinks fit and in addition to any sentence or penalty which it or he may impose for such contravention, direct that any currency, security or any other money or property in respect of which the contravention has taken place shall be confiscated to the Central Government and further direct that the foreign exchange holdings, if any, of the person committing the contravention or any part thereof, shall be brought back into India or shall be retained outside India in accordance with the directions made in this behalf.

Explanation.-For the purposes of this section, property in respect of which contravention has taken place shall include-

(a) deposits in a bank, where the said property is converted into such deposits;

(b) Indian currency, where the said property is converted into that currency;

(c) any other property which has resulted out of the conversion of that property.

Frequently asked questions

What does Foreign Exchange Regulation Act, 1973 Section 63 provide?

Section Section 63 of the Foreign Exchange Regulation Act, 1973 (Confiscation of Currency, Security, Etc.) is reproduced on this page as part of the Foreign Exchange Regulation Act, 1973. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Foreign Exchange Regulation Act, 1973 Section 63?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Foreign Exchange Regulation Act, 1973 Section 63. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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