Indian Penal Code : Using as genuine, forged or counterfeit currency-notes or bank-notes. Indian Bare

Indian Penal Code,1860

Act No : 45

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

489B. Using as genuine, forged or counterfeit currency-notes orbank-notes.--Whoever sells to, or buys or receives from, any otherperson, or otherwise traffics in or uses as genuine, any forged orcounterfeit currency-note or bank-note, knowing or having reason tobelieve the same to be forged or counterfeit, shall be punished with 2*[imprisonment for life], or with imprisonment of either descriptionfor a term which may extend to ten years, and shall also be liable tofine.----------------------------------------------------------------------1. Ss. 489A to 489D were ins. by Act 12 of 1899, s. 22. Subs. by Act 26 of 1955, s. 117 and Sch., for "transportation for life".3. Subs. by Act 35 of 1950, s. 3 and Sch., II, for "489C and 489D".210