Section 254: Property deemed to be movable

The following property shall be deemed to be movable property:

(a) Cash or goods that can be transacted as cash or foreign currency,

(b) Gold, silver, jewellery, Ratna, gold or silver ornament or precious stone,

(c) Other goods that can be moved from one place to another, except those referred to in clause (a) or (b),

(d) A bond, security, promissory note, bill of exchange, letter of credit or other negotiable instrument or a benefit derived therefrom,

(e) Intellectual property,

(f) A right in security,

(g) A trade goodwill or franchise,

(h) A property other than the immovable property.