Section 1
SECTION 1. Whenever foreign currencies or foreign exchange instruments are seized from those engaged in the blackmarketing or smuggling of foreign exchange or in violation of existing foreign exchange regulations, the law enforcement agency making the seizure shall immediately conduct an inventory of the items seized. The officer or the head of the team making the seizure shall issue a detailed receipt for the items seized to the person or persons on whom or in whose possession the same were found or, in the absence of any person, shall leave such receipt in the place where the seized items were found in the presence of at last one (1) witness.