¹[18. Appellate TribunalThe Appellate Tribunal constituted under sub-section (1) of section 12 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976, shall, on and from the commencement of Part XIV of Chapter VI of the Finance Act, 2017, be the Appellate Tribunal for the purposes of this Act and the said Appellate Tribunal shall exercise the jurisdiction, powers and authority conferred on it by or under this Act.]

1. Section 18 substituted by the Finance Act, 2017, w.e.f. 26-5-2017. Prior to its substitution, said section, as amended by the Finance Act, 2015, w.e.f. 9-9-2015, read as under :

"18. Establishment of Appellate Tribunal.—The Central Government shall, by notification, establish an Appellate Tribuanl to be known as the Appellate Tribunal for Foreign Exchange to hear appeals against the orders of the Adjudicating Authorities, Competent Authorities and the Special Director (Appeals) under this Act."