Here we are going to explain what is punishable offence in this section and how much has imprisonment or fine under section 489A.
Counterfeiting currency-notes or bank-notes :- In this section states that whoever counterfeits, or knowingly performs any part of the process of counterfeiting, any currency-note or bank-note, 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: - Counterfeiting 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.