Using as genuine, forged or counterfeit currency- notes or bank- notes

INDIAN PENAL CODE, 1860

Section 489 B - 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. 1. Ss. 489A to 489D were ins. by Act 12 of 1899, s. 2 2. Subs. by Act 26 of 1955, s. 117 and Sch., for" transportation for life". 3. Subs. by Act 35 of 1950, s. 3 and Sch., II, for" 489C and 489D".