Section 67 of the Act to seize currency as the same
is not 'goods' as defined under the Act. The petitioner contends that ... term 'goods' as defined under Sub-section (52) of
Section 2 of the Act.
31. Cash (Indian currency) is clearly excluded from
Customs Act , there are two definitions
which are relevant. Section 2 (22) defines "goods"
as follows:
"2.(22) „goods‟ includes -
(a) Vessels ... baggage;
(d) currency and negotiable instruments; and
(e) any other kind of moveable property.
In addition thereto, Section 2(14) defines, "dutiable
goods
transactions in currency. This is also
clearly explicit from clause (iii) of the explanation to Section 269SS of the
Act which defines loan or deposit
investment in research and development;
financial risks such as those caused by currency exchange
rate and interest rate variability; credit risks; and so forth.
xxxx ... lack of accuracy of the functional analysis of possible
external comparables (as defined in paragraph 3.24)
might be counterbalanced by the size of the sample
Telefonaktiebolaget Lm Ericsson ... vs Competition Commission Of India And ... on 30 March, 2016
Author: Vibhu
insurance premium. The term 'annual audited
premium' is not defined in the Agreements and according to the
Signature Not Verified
Digitally Signed ... Insurer
to the OSP in US Dollars or any other
mutually accepted currency for the Services
rendered by it at the rate
currency and negotiable instruments; and
(e) any other kind of movable property."
35. Section 3(36) of the General Clauses Act, 1897 defines movable
Competition Act . Clause (h) of Section 2 of the Competition Act, which
defines the term "enterprise", is set out below ... departments of the Central Government
dealing with atomic energy, currency, defence and space.
Explanation.-For the purposes of this clause,--
(a) "activity" includes
Cruz City 1 Mauritius Holdings vs Unitech Limited on 11 April, 2017
Author: Vibhu Bakhru
Linde Ag, Linde Engineering Division ... vs Deputy Director Of Income Tax on 23 April, 2014
