Making or selling instrument for counterfeiting Indian coin
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Summary
Making, repairing, or doing any part of the process to produce a die or instrument intended for counterfeiting Indian coin is an offence. It also covers buying, selling or disposing of such instruments when the person knows or has reason to believe they will be used to counterfeit. Penalty: imprisonment for up to seven years and a fine.
Example
Ravi runs a small metal workshop. He makes a mould after being told it will be used to stamp fake Indian coins. Because he made the instrument knowing its intended use, he can be punished with imprisonment for up to seven years and a fine.
Bare Act
Enacted textWhoever makes or mends, or performs any part of the process of making or mending or buys, sells or disposes of, any die or instrument, for the purpose of being used, or knowing or having reason to believe that it is intended to be used, for the purpose of counterfeiting 3Indian coin, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.
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