Ask Jurishour AI

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
tdb_templates
saswp_reviews
saswp-collections
saswp_rvs_location
tdc-review-email
web-story-font
web-story
googlesitekit_email
tds_locker
tds_email
saswp
mailpoet_page
mailpoet_email
tdcpt_tunes
tdc-review
pronamic_payment
pronamic_gateway
pronamic_pay_subscr
wpcode
HomeIndirect TaxesFake Currency Racket Busted in Assam: Rs.37.90 Lakh Seized, One Arrested

Fake Currency Racket Busted in Assam: Rs.37.90 Lakh Seized, One Arrested

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

Silchar, March 26, 2025 – In a major crackdown on counterfeit currency, the officers of the Central Paramilitary Forces (CPF), Silchar, in coordination with Assam Rifles personnel, seized Fake Indian Currency Notes (FICN) with a face value of ₹37.90 lakh on the Silchar-Jiribam road in Assam. The operation took place near Arkatipur, where the team intercepted an SUV carrying the counterfeit notes.

According to officials, a total of 100 bundles of fake Rs. 500 denomination notes were recovered from the vehicle. Acting on intelligence inputs, security forces stopped the SUV and conducted a thorough search, leading to the discovery of the counterfeit currency.

One person has been arrested in connection with the case. Authorities are investigating the suspect’s links to organized counterfeit currency networks, which are known to operate in the region. The origin of the fake notes and their intended distribution points are also under scrutiny.

Counterfeit currency remains a significant threat to India’s financial system, with such rackets often linked to cross-border smuggling networks. Security agencies have intensified their vigilance along sensitive routes to curb such illegal activities.

Further investigation is underway to trace other individuals involved in the syndicate. Officials have assured that stringent action will be taken against those responsible for this illicit trade.

Read More: ICAI Announces CA Final Exams to Be Held Thrice a Year from 2025

Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

JURISHOUR | TAX LAW DAILY BULLETIN : 7 SEPTEMBER, 2026

Here’s the Tax Law Daily Bulletin for  September 7, 2026.GST57TH GST COUNCIL MEETING POSTPONED...

Appeal Filing Enabled For Cases Involving NIL or Zero Demand Amount: GSTN 

The Goods and Service Tax Network (GSTN) has enabled the filing of appeal for...

Supreme Court Upholds Quashing of Rs. 363 Crore GST Demand Against Vodafone

The Supreme Court has refused to interfere with a Bombay High Court judgment quashing...

Why do GST Dept. Recover ITC From Buyers When Suppliers Fail to Deposit Tax?

A purchaser may hold a valid tax invoice, receive the goods or services, pay...

More like this

JURISHOUR | TAX LAW DAILY BULLETIN : 7 SEPTEMBER, 2026

Here’s the Tax Law Daily Bulletin for  September 7, 2026.GST57TH GST COUNCIL MEETING POSTPONED...

Appeal Filing Enabled For Cases Involving NIL or Zero Demand Amount: GSTN 

The Goods and Service Tax Network (GSTN) has enabled the filing of appeal for...

Supreme Court Upholds Quashing of Rs. 363 Crore GST Demand Against Vodafone

The Supreme Court has refused to interfere with a Bombay High Court judgment quashing...