Indian Penal Code 1860
Section 489C :
Possession of forged or counterfeit currency-notes or bank-notes:
(See section 180 of BNS 2023)
Classification of Offence:
Offence: Possession of forged or counterfeit currency-notes or bank-notes.
Punishment :Imprisonment for 7 years, or fine, or both.
Cognizable or Non-cognizable : Cognizable
Bailable or Non-bailable :Bailable
Compoundable or Non-compoundable : Non-compoundable
By Which Court Triable :Court of Session
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Whoever has in his possession any forged or counterfeit currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit and intending to use the same as genuine or that it may be used as genuine, shall be punished with imprisonment of either description for a term which may extend to ten years, or with fine, or with both.
