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[Cites 0, Cited by 6] [Section 12] [Entire Act]

Union of India - Subsection

Section 12(3) in The Coinage Act, 2011

(3)Nothing in this section shall apply—
(i)to any person who is found in possession of any metal or scraps or scissel, etc., of non-recyclable coinage metal, which he may so possess as a result of valid disposal by auctions by a Mint;
(ii)to the Mint, Reserve Bank of India and its authorised agents, and suppliers of coins or coin blanks to the extent of orders placed by or under the authority of the Government until their supply or completion of orders placed by the Government;
(iii)to any prospective supplier who intends to supply coin or coin blanks as samples against a valid tender documents purchased by him provided that quantity is in reasonable agreement with quantity of samples to be supplied.