Introduction:

Here we are going to explain what is punishable offence in this section and how much has imprisonment or fine under section 489B.

Description:

Using as genuine, forged or counterfeit currency-notes or bank-notes :- in this section states that 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 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:

Offence: - Using as genuine forged or counterfeit currency-notes or bank-notes

Punishment - Imprisonment for Life or 10 Years + Fine

This is a Non-Bailable, Cognizable offence and Triable by Court of Session.

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