The
Centre on Monday informed the Supreme Court that
it will not offer any more chances to deposit or exchange demonetized notes to
those who missed the December 30 deadline.
The
government asserted that granting any further grace period for depositing
banned currency notes will defeat the purpose of demonetisation,
which was done as an exercise in eliminating black money.
"The
very object of demonetisation and elimination of black money will be defeated
if a window is opened for a further period as the persons in possession of the
specified bank notes (scrapped notes of Rs 1,000 and Rs 500) will have had
sufficient time and opportunity to carefully plan the reasons and excuses for
not depositing the SBNs within the permitted period -- before December 30,
2016," the Ministry of
Finance said in an affidavit presented in the Supreme Court earleir in
the day.
On
July 4, the apex court had sought to prevail on the Centre to open a fresh
window for exchanging scrapped Rs 500 and Rs 1,000 notes if people could
establish that the money was theirs and they had a genuine reason for not
changing it before December 30.
The
government had previously ignored the SC's inquiries on earlier occasions and
solicitor general Ranjit Kumar had cited data regarding misuse of exchange of
old currency provisions to the court during the July 4 hearing.
But the bench headed by Chief Justice J S Khehar argued that genuine cases should not be punished by turning hard-earned money into trash and gave the Centre two weeks to come back with a proposal.
Source:-The
Times of India
No comments:
Post a Comment