Information under RTI: Re-circulation of Cash confiscated in Raids.

On Sunday, December 11, 2016 at 2:12:06 PM UTC+5:30, Sanjeev wrote:

Registration Number

MHOME/R/2016/53427

Name

S K Goyal

Date of Filing

11-12-2016

RTI Fee Received

  10

Payment Mode

Credit or Debit Card / RuPay Card

SBI Reference number

116121130923054

Transaction Status

Transaction Successful

Request filed with

Ministry of Home Affairs

As a result of nationwide Income Tax raids on black money hoarders large sums are being recovered in new currency notes. While this large sums are being recovered crores of people are standing in Q wasting their precious time in front of banks to face acute shortage of new currency notes. It is understood that as per legal process the money is not deposited in banks but stored as a proof for producing in court. Now in view of availability of electronic recording this storage may be avoided in larger public interest. In this back ground please inform:

(i)            Whether this new currency so confiscated in raids is stored by Income Tax Department/Police in their warehouse for indefinite period or is being deposited in banks for recirculation among public?

(ii)           In case this is not being deposited in banks who can authorize IT Department or Police to deposit the sum in banks to ease the shortage of new currency notes?

Telephone Number

23093178

Email Id

jsadm...@nic.in

	Registration Number			MHOME/R/2016/53427
	Name			S K Goyal
	Date of Filing			11-12-2016
	RTI Fee Received			10
	Payment Mode			Credit or Debit Card / RuPay Card
	SBI Reference number			116121130923054
	Transaction Status			Transaction Successful
	Request filed with			Ministry of Home Affairs
	As a result of nationwide Income Tax raids on black money hoarders large sums are being recovered in new currency notes. While this large sums are being recovered crores of people are standing in Q wasting their precious time in front of banks to face acute shortage of new currency notes. It is understood that as per legal process the money is not deposited in banks but stored as a proof for producing in court. Now in view of availability of electronic recording this storage may be avoided in larger public interest. In this back ground please inform: (i) Whether this new currency so confiscated in raids is stored by Income Tax Department/Police in their warehouse for indefinite period or is being deposited in banks for recirculation among public? (ii) In case this is not being deposited in banks who can authorize IT Department or Police to deposit the sum in banks to ease the shortage of new currency notes?
	Telephone Number			23093178
	Email Id			jsadm...@nic.in

Information under RTI: Re-circulation of Cash confiscated in Raids.

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