law: Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976
  9. Fine in lieu of forfeiture-
  (1) Where the competent authority makes a
  
  declaration that any property stands forfeited to the Central Government under
  
  section 7 and it is a case where the source of only a part, being less than
  
  one-half , of the income, earnings or assets with which such property was
  
  acquired has not been proved to the satisfaction of the competent authority, it
  
  shall make an order giving an option to the person affected to pay, in lieu of
  
  forfeiture, a fine equal to one and one fifth times the value of such part.
  Explanation. - For the purposes of
  
  this sub-section, the value of any part of income, earnings, assets, with which
  
  any property has been acquired , shall be-
  (a) In the case of any part of income or
  
  earnings, the amount of such part on income or earnings;
  (b) In the case of any part of assets, the
  
  proportionate part of the full value of the consideration for the acquisition
  
  of such assets.
  (2) Before making an order imposing a fine
  
  under sub-section (1), the person affected shall be given a 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 competent authority , any by order, revoke the declaration of forfeiture
  
  under section 7 and thereupon such property shall stand released.