Bailabel Type : non-bailable

Description

Section 489B of the Indian Penal Code (IPC) deals with the offense of using as genuine, forged or counterfeit currency-notes or banknotes.

Offense Definition:

• Using Counterfeit Currency: This section applies when a person knowingly uses forged or counterfeit currency-notes or banknotes as if they are genuine, i.e., attempting to pass them off as legitimate currency in a transaction.

• Intent: The key element of this offense is knowledge — the person must know that the currency or banknotes are forged or counterfeit and yet intentionally try to use them in exchange for goods, services, or any other financial transaction.

• Example: If someone tries to pay for a product or service using counterfeit money, knowing that the money is fake, they are committing an offense under Section 489B IPC.

Punishment

Imprisonment: The punishment for using forged or counterfeit currency-notes or banknotes under Section 489B IPC is:

• Imprisonment for a term which may extend to life imprisonment.

Fine: The offender may also be liable to pay a fine, or both imprisonment and fine.