# The Finance Act, 2021, Section 155: Substitution of section 7

- Act: The Finance Act, 2021
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2021/section/155/

## Text

Substitution of section 7. 155 . For section 7 of the principal Act, the following section shall be substituted, namely:— "7. Adjudicating Authority.—The competent authority authorised under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976) shall be the Adjudicating Authority to exercise jurisdiction, powers and authority conferred by or under this Act.".

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