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IPC - SECTION 489B - Using as genuine, forged or counterfeit currency-notes or bank-notes
Whoever sells to, or buys or receives from, any other person, or otherwise traffics in or uses as genuine, any forged or counterfeit currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit, shall be punished with 2 [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.
Classification of Offence
Punishment - Imprisonment for life, or imprisonment for 10 years and fine - Cognizable - Non-bailable - Triable by Court of Session - Non-compoundable.
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