Indian Penal Code 1860
Section 489B :
Using as genuine, forged or counterfeit currency-notes or bank- notes:
(See section 179 of BNS 2023)
Classification of Offence:
Offence: Using as genuine forged or counterfeit currency-notes or banknotes.
Punishment :Imprisonment for life, or imprisonment for 10 years and fine.
Cognizable or Non-cognizable :Cognizable
Bailable or Non-bailable :Non-bailable
Compoundable or Non-compoundable : Non-compoundable
By Which Court Triable :Court of Session
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Whoever sells to, or buys or receives from, any other person, or otherwise traffics in or uses as genuine, any forged or counterfeit currency- note or bank-note, knowing or having reason to believe the same to be forged or counterfeit, shall be punished with 1.[imprisonment for life], or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.]
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1. Subs. by Act 26 of 1955, s. 117 and the Sch., for “transportation for life” (w.e.f. 1-1-1956).
