John F. Clark 
NEW DELHI: What happens to new currency notes worth close to Rs 100 crore, which have been seized considering demonetisation+, frequently in ways of Rs 2000, by agencies including ED, the earnings tax department, and the police?
The ED has issued a directive to zonal gadgets to deposit new currency notes in conjunction with all other currency seizures into financial institution bills opened by the company in special towns so that new notes are right away delivered immediately delivered to ED director Karnal Singh said that he had earlier issued around directive that seized currency notes be retained in study rooms alongside other seized material. “We had been depositing those currency notes in our financial institution debts so that they come into the stream, and most people are not inconvenienced,” he said.
The government has also requested the I-T branch to deposit seized foreign exchange notes in banks. earlier, companies seized cloth, including cash seizures, from their strong rooms in proof until the case was adjudicated. The seized cash was then deposited into the Consolidated Fund of India, stated a senior I-T legit. Every so often, I-T cases take years to solve; until then, all seized cloth changed into saved in safe lockers of the tax branch, the officer stated. The Haze.
The ED on Monday seized Rs forty-seven lakh in new notes of Rs 2,000 from the owner of an educational group in Punjab. The business enterprise is verifying its claims that the money is deposited by students as costs. In Kolkata, the I-T department seized Rs 21 lakh in new foreign currency notes. In different operations since Sunday, police in Thane and Nashik seized approximately Rs 50 lakh in new notes of Rs 2,000.
