Indian Penal Code, 1860

Using as genuine, forged or counterfeit currency-notes or bank-notes.—

Section

489B

Punishment

Life Imprisonment or Imprisonment up to Ten Year(s) + Fine

Cognizable

Cognizable

Bailable

Non-bailable

Compoundable

Non-Compoundable (Refer to CrPC 320 for exceptions)

Trial Court

Court of Session

Bare Act Text

489B. Using as genuine, forged or counterfeit currency-notes or bank-notes.— 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 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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