Seizure of large quantity of counterfeit Indian currency notes, ...

Counterfeiting Indian currency: Possession unexplained, conviction upheld with reduced sentences.

Case Laws Indian Laws

August 30, 2024

Seizure of large quantity of counterfeit Indian currency notes, determining ingredients u/s 489B of IPC. Interpretation of 'possessing', 'traffic', and 'otherwise trafficking in' terms. Reliance on previous judgments regarding active transportation and burden of proof u/s 106 of Evidence Act when no explanation offered. Appellant found in possession of 71 fake Rs. 500 notes at public place, failed to explain manner of obtaining them. Conviction u/ss 489B and 489C upheld, sentences modified to 5 years RI and Rs. 10,000 fine for 489B, 3 years RI and Rs. 5,000 fine for 489C. Appeal partly allowed by reducing sentences without interfering with conviction order.

View Source

← Previous Next →

Seizure of large quantity of counterfeit Indian currency notes, ...

Counterfeiting Indian currency: Possession unexplained, conviction upheld with reduced sentences.

Case Laws Indian Laws

August 30, 2024

You may also like:

Smuggling - illegal importation of the seized gold - Confiscation of the gold and Indian currency - The Tribunal found no evidence linking the seized Indian currency to...

Penalty - Confiscation of foriegn currency - carrying currency in excess of prescribed limit - penalty reduced - AT

Rate of exchange of one unit of foreign currency equivalent to Indian rupees - Notification

Government allowed export benefit to Bhutan in Indian Currency under Central Excise Law.

Absolute confiscation of counterfeit goods upheld as appellant relinquished title and claimed non-ownership. For other mis-declared goods, transaction value rejected u/r...

The appellant's premises were searched, leading to the seizure of substantial amounts of foreign currencies and Indian currency. The appellant initially claimed the...

Release of seized Foreign Currency - conversion of Foreign Currency into Indian Currency - Notification dated 14th February 2006 requires notice to be issued to the...

Issue of Indian Currency Note - Foreign going vessels - CBEC withdraws its earlier circular since RBI has not prescribed any restriction on denomination of Indian...

The Appellate Tribunal considered the legality of additions based on a diary seized from a third party. The Tribunal held that the presumption u/s 132(4A) of the Act...

CBIC updated rates of exchange for converting various foreign currencies into Indian currency (and vice versa), For Imported Goods and For Export Goods, effective from...

Addition u/s. 69A - unexplained cash deposits in the bank account - The Tribunal found the explanation provided by the assessee regarding the sale consideration for real...

Confiscation of the currency seized - validity of order for release on payment of redemption fine - The High court found that the seizure and confiscation of foreign...

Court upholds its previous judgment allowing compounding of offense u/s 147 of the Act, even after conviction. Petitioner and complainant Bank reached settlement, with...

Dishonour of Cheque - conviction of accused - The High Court upheld the conviction under Section 138 of the Negotiable Instruments Act based on the evidence presented,...

The Appellate Tribunal (AT) upheld the Adjudicating Authority's finding that the Appellant contravened Section 3(a) of FEMA for an amount of US$ 99,770, and Sections...

Quick Updates: