Having possession of instrument or material for counterfeiting Government stamp
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Summary
Having any instrument or material intended, or known or reasonably believed to be intended, for counterfeiting a Government revenue stamp is an offence. It applies when someone possesses tools, dies, inks, special paper or similar items meant for making fake revenue stamps. Penalty is imprisonment for up to seven years and a fine.
Example
Ravi runs a stationery shop and keeps metal dies and special paper that a supplier left for making fake revenue stamps. He knows or has reason to believe they will be used to counterfeit stamps. He can be punished with up to seven years' imprisonment and a fine for possessing material intended for counterfeiting Government stamps.
Bare Act
Enacted textWhoever has in his possession any instrument or material 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 any stamp issued by Government for the purpose of revenue, 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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