The Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976

The Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 is a law in India that allows for the forfeiture of illegally acquired properties of smugglers and foreign exchange manipulators. This Act defines the scope of the law and provides for the appointment of competent authorities to seize and manage the forfeited properties. The Act also lays down the procedure for the forfeiture of properties, including the rights of the claimants. The law is aimed at curbing smuggling and foreign exchange manipulation activities in the country.