assessee in foreign currency etc. shall be the
`telegraphic transfer buying rate' of such currency on the
`specified date'. The term `specified date ... telegraphic transfer buying rate', in relation to a foreign
currency, has been defined in the Explanation to rule 26 to mean
the rate adopted
officer on 12.03.2021". However, in contrast
to this, the currency and effective period of punishment imposed on the
persons appearing at Serial ... internal page 9 of the Annexure
A11 clearly define the currency period of the penalty in their cases. There is
no indication of this
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
counterfeit Indian currency‖ means
the counterfeit currency as may be declared after
examination by an authorised or notified forensic
authority that such currency imitates ... high quality counterfeit Indian
currency involved in the offence including the face
value of such currency which are not defined to be of
high quality
India [reported in
2020 (2) SCR 297], any attempt to define what a virtual currency is,
it appears, should follow the Vedic analysis of negation ... user agreement. The applicant availed
crypto currency through the non P2P method. The applicant
transferred her fiat currency from Kotak Mahindra Bank to the platform
Officer at the Currency Chest hold the key for the Currency Chest and
they are responsible for the movement of the currency ... persons. The exchange of
old currency for the new currency does not attract the ingredients of
dishonesty/fraudulently as defined under
this behalf;
(ii) of any currency, whether Indian or
foreign;
(iii) of any security as defined in clause (h) of
section 2 of the Securities
buying rate of such currency
on the specified date. The term "specified date" has been
defined in Explanation2 to the said subrule ... Court held that rule 115 does not
lay down that all foreign currencies received by the
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demonstration as to how the
counterfeit currency notes could be manufactured, the same
undoubtedly suggests that the counterfeit currency notes and
the articles used ... appellant. Those currency notes are found to have resembled
with original currency notes. Section 28 of the Indian Penal
Code defines the term 'counterfeit
defined as under:
W.P No.5569 OF 2022
10
"Money" means the Indian legal tender or any
foreign currency, cheque, promissory note ... currency that is held for its numismatic value.
(Emphasis Supplied)
14. Under Section 2(118) of the CGST
Act, 2017, "Voucher" is defined
