Import or export of counterfeits of the Indian coin
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Summary
Importing into India, or exporting from India, counterfeit coins that a person knows or has reason to believe are fake is a criminal offence. The offender faces imprisonment for life, or imprisonment (either rigorous or simple) for up to ten years, and must also pay a fine. The rule applies whether the coins are brought in for use or sent out of the country.
Example
Priya orders a batch of coins from abroad to sell in her shop; she knows they are counterfeit imitations of Indian coins. Under this section she can be prosecuted and may face life imprisonment or up to ten years in jail, plus a fine.
Bare Act
Enacted textWhoever imports into India, or exports there from, any counterfeit coin, which he knows or has reason to believe to be a counterfeit of Indian coin, 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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