-  bill no 65 of 1976 the conservation of foreign exchangeand prevention of smuggling activities (second amendment) bill, 1976 a billfurther to amend the conservation of foreign exchange and prevention of smuggling activities act, 1974 be it enacted by parliament in the twenty-seventh year of the hepublic of india as follows:-1 (1) this act may be called the conservation of foreign exchange short and prevention of smuggling activities (second amendment) act, 1976 title and commen-5 (2) it shall be !teemed to have come into force on the 16th day of june, cement 1976 amendment of act 52 ot 1974 2 in section 12a of the conservation of foreign exchange and prevention of smuggling activities act, 1974 (hereinafter referred to as the principal act) in sub-section (1), for the words "twelve months", the 10 words "twenty-four months" shall be substituted removal of doubts 3 for the removal of doubts, it is hereby declared that every declaration made under section 12a of the principal act before the commencement of this act and in force immediately before such commencement shall have effect as if the amendment made in that section by this act had been in force on and from the 1st nay of july, 1975 5 4 (1) the conservation of foreign exchange and prevention of smuggling activities (amendment) ordinance, 1976 is hereby repealed, 6 of 1976 repeal and saving (2) notwithstanding such repeal, anything done or any action taken under the principal act, as amended by the said ordinance shall be deemed to have been done or taken under the principal act as amended 10 by this act  statement of objects and reasonsthe special provisions for dealing with emergency contained in section 12a of the conservation of foreign exchange and prevention of smuggling activities act, 1974, have proved helpful in dealing effectively with persons engaged in smuggling and foreign exchange racketeering who, owing to their large resources and influence, have been posing a serious threat to the economy, and thereby to the security of the nation these provisions would have ceased to have effect on the expiry of twelve months from the 250th day of june, 1975 the powers under these provisions have strengthened the hands of government considerably there would have been a serious setback to the anti-smuggling operations if the provisions had been allowed to lapse hence, the president promulgatect, on the 16th june, 1976, the conservation of foreign exchange and prevention ui smuggling activities (amendment) ordinance, 1976, to extend the period of operation of the said provisions so as to provide that the provisions shall have effect for a period of twenty-four months (instead of twelve months) from the 25th day of june, 1975, or the period of operation of the proclamation of emergency issued in 1971, or the period of operation of the proclamation of emergency issued in 1975, whichever is the shortest the ordinance also provided for the continuance of the declarations made under the said provisions before the commencement of the ordinance and in force immediately before such commencement the bill seeks to replace the ordinance new delhi; the 24th july, 1976 pranab mukherje,e  extract from the conservation of foreign exchange and prevention of smuggling activities act, 1974(52 of 1974) - - - - - special provisions for dealing with emergency 12a (1) notwithstanding anything contained in this act or any rules of natural justice, the provisions of this section shall have effect during the period of operation of the proclamation of emergency issued under clause (1) -of article 352 of the constitution on the 3rd day of december, 1971, or the proclamation of emergency issued under that clause on the 25th day of june, 1975, or a period of twelve months from the 25th day of june, 1975, whichever period is the shortest  - - - - -  a billfurther to amend the conservation of foreign exchange and prevention of smuggling activities act, 1974 (sltri pran-ab kumar mukherjee, minzster of revenue and banking) , - 