case of Jatin C. Jhaveri v. Union
of India1 , wherein, when foreign currency was seized, it was directed
to be returned in the same form ... Directorate refers to the foreign currency. Under
section 4(3)(i)(a) , 'foreign currency' has been specifically defined and
'currency
deals with effects of exchange differences. Under para 2,
reporting currency is defined to mean the currency used
in presenting the financial statements. Similarly ... paid" is defined under s. 43(2) . This has been discussed
earlier. Similarly, it is important to note that foreign
currency notes, balance
there are two kinds of pension funds i.e. benefit defined fund and contribution defined fund. In fact this distinction is also recognized ... affecting amendment whereby the original scheme which was benefit defined has been converted into contribution defined. In Innovation in Pension Fund by Shri Arun
Vile Parle Kelvani Mandal And 9 Ors vs State Of Maharashtra And 3 Ors on
beyond the purview of the definition of the "goods" as defined under Section 2(13) of the Bombay Sales Tax Act?
CONSIDERATION ... form of coins and bank notes or currency.
The money in the form of currency has well defined meaning as has been defined
official year."
7. Section 2(44) of the Act of 1949 defines "official year" thus : "2(44) "official year ... only be effective during the currency of official year. The expression "official year" defined under Section
separately to each currency
component by taking into account the
foreign input of the currency and
corresponding Indicts (Index and currency
belonging to the same ... origin of the
input. If the currencies in which the
Contract Price is expressed are different
from the currencies of the sources of the
relevant
National Stock Exchange, on the date of conversion of
Foreign Currency Convertible Bonds into shares. Hence Mr. Kaka
would submit that the taxation on shares ... Indian companies, the Scheme was specifically defined
and FCEB means a bond expressed in foreign currency, the
principal and interest in respect of which
clearly spelt out that
the smuggled foreign currency obtained was converted into Indian currency.
That the foreign currency obtained from respondent by the representatives ... section 2 of Section
22 of the Act defines "goods" which includes currency as such seizure and
confiscation thereof was legal and valid
What currency may a bid be made in?
A. For supply contracts, bidders may bid in their own currency or in a major currency widely ... used must be defined in the bid. This exchange rate becomes contractual, protecting the bidder from currency fluctuation that may occur after the bid preparation
