In force · As amended up to 2026-08
2[ 18. Transfer of property vested as enemy property in certain cases. —The Central Government may, on receipt of a representation from a person, aggrieved by an order vesting a property as enemy property in the Custodian within a period of thirty days from the date of receipt of such order or from the date of its publication in the Official Gazette, whichever is earlier and after giving a reasonable opportunity of being heard, if it is of the opinion that any enemy property vested in the Custodian under this Act and remaining with him was not an enemy property, it may by general or special order, direct the Custodian that such property vested as enemy property in the Custodian may be transferred to the person from whom such property was acquired and vested in the Custodian.]
3 — [18A. Income not liable to be returned. Any income received in respect of the enemy property by the Custodian shall not, notwithstanding that such property had been transferred by way of sale under section 8A or section 18, as the case may be, to any other person, be returned or liable to be returned to such person or any other person.]
1. Subs. by Act 3 of 2017, s. 11, for "two per centum" (w.e.f. 7-1-2016).
2. Subs. by s.12, ibid., for section 18 (w.e.f. 7-1-2016).
3. Ins. by s. 13, ibid . (w.e.f. 10-7-1968).
Source: India Code