No Exceptions For Depositing Old Notes: Centre To Chief Justice Of India

Oceane Deschanel
Julho 17, 2017

It had asked the government to consider creating a window for people with such legitimate reasons to deposit scrapped notes.

The Centre on Monday told the Supreme Court that it will not grant citizens more time to deposit or exchange old currency notes, saying it will defeat the whole objective of demonetisation, The Times of India reported.

The Supreme Court today refused to pass any direction on a plea filed by a man seeking a direction to exchange over Rs 14 lakh, which were found in his bank locker of his late mother.

"Seizure of cash during the month of November and December 2016 was to the tune of Rs 147.9 crore and Rs 306.897 crore and seizure of gold for the month of November and December 2016 was 69.1 kg and 234.267 kg respectively", it said.

"The CBI has informed that they have registered 63 cases relating to irregularities committed during the post-demonetization period involving 57 regular cases and 6 preliminary enquiries from November 25, 2016, to April 30, 2017".

The Narendra Modi government today told the Supreme Court that they can not extend the deadline of depositing demonetised currency notes which ended on December 30 a year ago.

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Prime Minister Narendra Modi had surprised the nation on November 8 when he declared the old Rs 500 and 1000 notes invalid. Earlier in March, when the government passed an ordinance to help people who were overseas, a bench led by Chief Justice of India JS Khehar said: "Prime Minister in his address had said that people with genuine difficulties can deposit the demonetised currency even after December 30, 2016, till March 31, 2017 with the RBI branches".

The undisclosed income detected in the above actions was of more than Rs 5,400 crore, the government said. On being asked by the Parliamentary Standing Committee on Finance to reveal the amount of demonetised currency which was deposited between November 8 to December 30, RBI Governor Urjit Patel said the counting is still underway.

The government had assured the people that demonetised currency notes could be exchanged at banks, post offices and RBI branches till December 30, 2016.

Doing so would have defeated the very goal of demonetisation, the government said.

People, however, still had time to exchange the currency notes at designated RBI counters till March 31 after giving valid reasons for not depositing defunct notes in their accounts by December 30.

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