Section 121. Fine in lieu of forfeiture
(1)
Where the Court makes a declaration that any property stands
forfeited to the Central Government under section 120 and it is a case where the source of only a part of
such property has not been proved to the satisfaction of the Court, it shall make an order giving an option
to the person affected to pay, in lieu of forfeiture, a fine equal to the market value of such part.
forfeited to the Central Government under section 120 and it is a case where the source of only a part of
such property has not been proved to the satisfaction of the Court, it shall make an order giving an option
to the person affected to pay, in lieu of forfeiture, a fine equal to the market value of such part.
(2)
Before making an order imposing a fine under sub-section (1), the person affected shall be given a
reasonable opportunity of being heard.
reasonable opportunity of being heard.
(3)
Where the person affected pays the fine due under sub-section (1), within such time as may be
allowed in that behalf, the Court may, by order, revoke the declaration of forfeiture under section 120 and
thereupon such property shall stand released.
allowed in that behalf, the Court may, by order, revoke the declaration of forfeiture under section 120 and
thereupon such property shall stand released.