Whoever imports or exports, sells or delivers to, buys or receives from, or otherwise traffics in or uses as genuine, any forged or counterfeit coin, stamp, currency-note, or bank-note, knowing or having reason to believe the same to be forged or counterfeit, 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.
BNS Section 179 addresses the offence of using forged or counterfeit coins, stamps, currency-notes, or bank-notes as genuine. This includes actions such as importing, exporting, selling, buying, or trafficking in such items with knowledge or reason to believe they are forged or counterfeit. The penalties include imprisonment for life or up to ten years, along with a fine.
A1: The offence occurs when someone uses, traffics, or deals with forged or counterfeit coins, stamps, currency-notes, or bank-notes as if they were genuine, knowing or having reason to believe they are counterfeit.
A2: The punishment includes imprisonment for life or imprisonment for up to ten years, along with a fine.
Example Scenario:
If an individual imports counterfeit currency-notes and attempts to use them for transactions, knowing that they are fake, they are committing the offence under BNS Section 179. The same applies if they sell or exchange these counterfeit items as genuine.
BNS Section 179 provides strict penalties for dealing with or using forged or counterfeit currency, stamps, or coins as genuine. The law covers various actions including importing, exporting, selling, or buying counterfeit items, and imposes severe punishments including life imprisonment and fines.
Answer By Law4u Team
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