The proposed month-to-month invoice enables the Economic Intelligence Unit (FIU), the premier specialised snoop wing beneath the finance ministry, to file an software program for the declaration of the fugitive monetary offender for the confiscation of their assets.
It allows the repealed law to be in power with respect to some current rights.
Earlier the Finance Minister Arun Jaitley in 2017-eighteen Value range speech has introduced that legislative alterations or perhaps a new laws to confiscate the assets of those fugitives.
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The proposed bill lets the Cash Intelligence Gadget (FIU), the main technological snoop wing lower than the finance ministry, to file an software for the declaration of the fugitive financial offender for the confiscation of their belongings.
Government proposes Draft Invoice on Fugitive Financial Offenders
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