Provision

Whoever has in his possession any stamp which he knows to be a counterfeit of any stamp issued by Government for the purpose of revenue, intending to use, or dispose of the same as a genuine stamp, or in order that it may be used as a genuine stamp, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.


Simply Put

The section states that whoever possesses any stamp with the knowledge that it is a counterfeit of any stamp issued by the government for the purpose of revenue, with the intention either to use it, or dispose it of, as a genuine stamp, or in order that it may be used as a genuine stamp, shall be punished with simple or rigorous imprisonment for a term extending up to seven years, and shall also be liable to fine.



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