Notification S.O. 3608(E), dated 4th August, 1978 [N11-ZDT]
As at 7 September 2026. In force from 4 August 1978.
S.O. 3608(E).—In exercise of the powers conferred by section 10 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts developers whose the setting up of a unit does not exceed ten thousand rupees in value in a financial year from the provisions of section 4 of the said Act, subject to the condition that every such person shall intimate the Director General in writing of the commencement of the setting up of a unit within one hundred and eighty days of such commencement.
Made under
Recital: "In exercise of the powers conferred by section 10 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976) [S1Q-139]. Vires verified.
Acts on (1)
Exempts Section 4, Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 [S1Q-0XM], 4 August 1978. "section 4 of the said Act".
Acted on by (0)
none
Not held (0)
none