The proposed legislation might be related in circumstances the place the value of offenses is above Rs one hundred crore.
Before the Finance Minister Arun Jaitley in 2017-eighteen Spending funds speech has introduced that legislative alterations or even a new regulation to confiscate the belongings of this sort of fugitives.
It enables the repealed regulation to be in drive with regard to some current authorized rights.
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The proposed month-to-month invoice permits the Fiscal Intelligence System (FIU), the leading complex snoop wing beneath the finance ministry, to file an utility for the declaration of the fugitive economic offender for the confiscation of their property.
Government proposes Draft Invoice on Fugitive Economic Offenders
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