The Smugglers & Foreign Exchange Manipulators Act

India - The Smugglers & Foreign Exchange Manipulators (Forfeiture Of Properties ) Act 1976.

This Act aims to forfeit properties of smugglers and foreign exchange manipulators.An Act to provide for the forfeiture of illegally acquired properties of smugglers and foreign exchange manipulators and for matters connected therewith or incidental thereto. WHEREAS for the effective prevention of smuggling activities and foreign exchange manipulations which are having a deleterious effect on the national economy it is necessary to deprive persons engaged in such activities and manipulations of their ill-gotten gains.

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