deals with
effects of exchange differences. Under paragraph 2, reporting
currency is defined to mean the currency used in presenting
the financial statements. Similarly ... paid" is defined under
section 43(2) . This has been discussed earlier. Similarly, it is
important to note that foreign currency notes, balance
ledger, blueprint, map,
currency papers etc.”
Indian Standard Glossary of Terms used in Paper Trade and Industry – IS
4661 : 1999 defines 'jute ... example, ledger, blueprint, map, currency papers etc."
Thus, almost all the books on the subject uniformly define 'rag' or 'rag
pulp
defines
“Domestic Custodian Bank” to mean a banking company which acts as a
custodian for the ordinary shares or foreign currency convertible bonds ... issue of
ordinary shares or foreign currency convertible bonds of the issuing
company. Paragraph 2(d) defines an issuing company to mean an Indian
company
tracing,
restraint and confiscation of the proceeds of crime
(including crimes involving currency -transfer) and
terrorist funds, with a view to check the terrorist activities ... activity (including
crime involving currency transfers) or the
value of any such property'.
(emphasis supplied )
S.105A(d) defines property as under
seized currency under Central Excise Act, 1944 , we find that the Commissioner is in error. We find that the seizure of currency in the present ... seize such goods. Section 2 (22) of the Customs Act defines goods which includes currency. Since seizure of currency is made adopting the definition
defines "proceeds of crime" and
"property". Section 105 A (c) defines "proceeds of crime" as under:
"(c) "proceeds ... activity (including crime
involving currency transfers) or the value of any such property;"
[21.1] Section 105 A (d) defines "property" as under
ledger, blueprint, map,
currency papers etc.”
26) Indian Standard Glossary of Terms used in Paper Trade and
Industry – IS 4661 : 1999 defines 'jute ... example, ledger, blueprint, map, currency papers
etc."
27) Thus, almost all the books on the subject uniformly define
pleaded that the p ay ment s received in Ind ian currency fro m
forei gn airlin es and embassies do es not fall ... defined in the Customs Act and at the same time, the Reserve Bank of India
treats such transaction in lieu of Indian currency as convertible
currency entered into for safeguarding against loss by
fluctuation in foreign currency for purchase of plant and
machinery with loan obtained in foreign currency ... foreign currency. These
sundry debtors are exposed to currency fluctuation risk. One
of the methods to protect loss against foreign currency
fluctuation
wherein the term derivative has been
defined to include foreign currency as an underlying security of the
derivative. The relevant extract of the case ... value of other underlying financial
instruments. The International Accounting Standard (IAS) 39,
defines "derivatives" as follows: -
"A derivative is a financial instrument
