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Power to recover arrears of penalty [ Section 14A ] - FEMA Ready Reckoner - FEMAExtract Power to recover arrears of penalty Adjudicating Authority give power in writing to office [ section 14A(1) ] Save as otherwise provided in this Act, the Adjudicating Authority may, by order in writing, Authorise an officer of Enforcement not below the rank of Assistant Director to recover any arrears of penalty from any person who fails to make full payment of penalty Which is imposed on him under section 13 within the period of ninety days from the date on which the notice for payment of such penalty is served on him. Mode of recovery [ Section 14A(2) ] The officer referred to in sub-section (1) shall exercise all the like powers which are conferred on the income-tax authority in relation to recovery of tax under the Income-tax Act, 1961. It is further provided that the procedure laid down under the Second Schedule to the said Act shall mutatis mutandis apply in relation to recovery of arrears of penalty under the FEMA Act,1999.
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