Import or export of counterfeit coin
AI Assist
Summary
Importing into India or exporting from India any counterfeit coin, while knowing it is counterfeit or having reason to believe it is counterfeit, is an offence. The person can be punished with imprisonment for up to three years and also fined.
Example
Priya imports a crate of old coins from abroad and knows some coins are fake. Under this rule she can be prosecuted and, if convicted, face up to three years imprisonment and a fine.
Bare Act
Enacted textWhoever imports into India, or exports therefrom, any counterfeit coin, knowingly or having reason to believe that the same is counterfeit, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine.
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