Confiscated property must be kept in situ or deposited with treasury/banks and recorded in prescribed registers. Rule 8 requires the Administrator to maintain and custody confiscated property at the place of attachment when removal is impracticable, to deposit cash, securities, bullion, jewellery and other valuables in a Government Treasury, specified banks or authorised banks with a receipt, and to keep registers in Form No. 1 for moveable properties and Form No. 2 for other properties.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Confiscated property must be kept in situ or deposited with treasury/banks and recorded in prescribed registers.
Rule 8 requires the Administrator to maintain and custody confiscated property at the place of attachment when removal is impracticable, to deposit cash, securities, bullion, jewellery and other valuables in a Government Treasury, specified banks or authorised banks with a receipt, and to keep registers in Form No. 1 for moveable properties and Form No. 2 for other properties.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.