alleryStart learning →Besides a penalty, s.13(2) lets the Adjudicating Authority order the property involved to be
AReturned to the owner
BAuctioned by the RBI
CDonated to a charity
DConfiscated to the Centre
Answer & Solution
Correct answer: D. Confiscated to the Centre
Section 13(2) allows confiscation to the Central Government of currency, security or property in respect of which the contravention occurred.
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