Arthashastra 3.12.13 - Dharmasthiya, Adhyaya 12, Sutra 13

Kautilya

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Arthashastra 3.12.13: Dharmasthiya, Adhyaya 12, Sutra 13

Devanagari script

निवृत्तवृद्धिको वाधिस्तत्कालकृतमूल्यस्तत्रैवावतिष्ठेत अनाशविनाशकरणाधिष्ठितो वा ॥

Recitation with translationArthashastra 3.12.13

Transliteration

nivṛttavṛddhiko vādhis tatkāla-kṛta-mūlyas tatraivāvatiṣṭheta anāśa-vināśa-karaṇādhiṣṭhito vā

Translation

जिस चीज़ पर कब्ज़ा है, अगर उसकी वैल्यू या फायदा बढ़ना बंद हो गया है। तो उस वक़्त जो उसकी कीमत है, वो उस हिसाब से वहीं रहती है। या फिर उसे ऐसे रखना कि न तो खराब हो और न ही खो जाए।

Word by Word

निवृत्तवृद्धिकःone whose interest has ceased (a debt on which interest no longer accrues)

कःwho?/which (person/thing)?

वाor

आधिःa pledge; mortgaged/pledged property

तत्कालकृतमूल्यःhaving its value fixed as of that time (at the then-current price)

तत्रthere; in that place/context

एवindeed; only; just

अवतिष्ठेतshould remain; should stand (be maintained)

अनाशविनाशकरणाधिष्ठितःkept under an arrangement/instrument that does not cause rapid destruction (properly safeguarded)

वाor

Entities Mentioned

pledge-holder

debtor

custodial authority/arrangements (implicit)

FAQs

What is the administrative logic of ‘tatkāla-kṛta-mūlya’?

It fixes a clear valuation point to limit disputes and opportunistic revaluation claims once growth/increase has stopped.

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