No seizure of assets in India if value of foreign asset acquired in breach of FEMA is below 1 crore

FEMA/ILT : Section 37A Of The Foreign Exchange Management Act, 1999 - Special Provisions Relating To Assets Held Outside India In Contravention Of Section 4 – Notified Mandatory Threshold Of Aggregate Value Of Foreign Exchange, Foreign Security Or Any Immovable Property, Situated Outside India