Provision

Whoever, fraudulently or with intent to cause loss to Government, erases or removes from a stamp issued by Government for the purpose of revenue, any mark, put or impressed upon such stamp for the purpose of denoting that the same has been used, or knowingly has in his possession or sells or disposes of any such stamp from which such mark has been erased or removed, or sells or disposes of any such stamp which he knows to have been used, shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both.


Simply put

The section states that whoever, intending to defraud or to cause loss to the government, either erases or removes from a government stamp issued for the purpose of revenue, any mark which has been put or impressed upon that stamp with a view to show that the stamp has been used, or with knowledge either has such a stamp in his possession or sells or disposes of the same from which such mark has been erased or removed, or sells or disposes of any such stamp about which he has knowledge that it has been used, shall be punished with simple or rigorous imprisonment for a term extending up to two years, or with fine, or with both.



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