Lawgist105-IFine in lieu of forfeiture
(1) Where the Court makes a declaration that any property stands forfeited to the Central Government under section 105H and it is a case where the source of only a part of such property has not been proved to the satisfaction of the Court, it shall make an order giving an option to the person affected to pay, in lieu of forfeiture, a fine equal to the market value of such part.
(2) Before making an order imposing a fine under sub-section (1), the person affected shall be given a reasonable opportunity of being heard.
(3) Where the person affected pays the fine due under sub-section (1), within such time as may be allowed in that behalf, the Court may, by order, revoke the declaration of forfeiture under section 105H and thereupon such property shall stand released.
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- 105A Definitions
- 105B Assistance in securing transfer of persons
- 105C Assistance in relation to orders of attachment or forfeiture of property
- 105D Identifying unlawfully acquired property
- 105E Seizure or attachment of property
- 105F Management of properties seized or forfeited under this Chapter
- 105G Notice of forfeiture of property
- 105H Forfeiture of property in certain cases
- 105-I Fine in lieu of forfeiture
- 105J Certain transfers to be null and void
- 105K Procedure in respect of letter of request
- 105L Application of this Chapter
