IPC Section 489
π IPC Section 489 β Counterfeiting currency or coin
Section 489 deals with offences related to counterfeiting currency notes or coins. It has several sub-sections (489A to 489E), each describing a specific type of offence and punishment. Letβs go step by step.
β Main Offences under Section 489 IPC
489A β Forgery of currency note or banknote
Whoever makes a forged or counterfeit currency note or banknote,
Or knowingly uses, or circulates such forged note,
Shall be punished with imprisonment up to 7 years, and fine.
489B β Possession of forged or counterfeit currency
Whoever possesses forged or counterfeit currency notes or coins,
Knowing that they are forged,
Shall be punished with imprisonment up to 7 years, and fine.
489C β Using forged or counterfeit currency
Whoever fraudulently uses or passes forged/counterfeit currency notes or coins,
Shall be punished with imprisonment up to 7 years, and fine.
489D β Using forged or counterfeit banknote to defraud
Whoever uses or passes a forged or counterfeit banknote knowing it is forged,
With intent to cheat or defraud,
Shall be punished with imprisonment up to 10 years, and fine.
489E β Forgery or counterfeiting to defraud the government
Whoever makes, uses, or possesses forged currency intending to defraud the Government,
Shall be punished with imprisonment for life or imprisonment up to 10 years, and fine.
β Key Points
Intent is crucial: The person must know that the currency is forged/counterfeit.
Severity: Offences involving defrauding the government carry life imprisonment.
Money involved: Both currency notes and coins are covered.
βοΈ Example Cases
A person prints fake βΉ500 notes β violates Section 489A.
A person receives counterfeit βΉ2000 note from someone else, knowing it is fake β violates 489B/C.
A gang uses fake notes to buy goods intending to cheat shopkeepers β violates 489D.
Someone counterfeits currency to pay government taxes or revenue dues β violates 489E (most serious).
β
In short:
Section 489 IPC criminalizes forging, possessing, using, or distributing counterfeit currency/coins, with punishment ranging from 7 yearsβ imprisonment to life imprisonment, depending on intent and severity.
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