Provision

Whoever imports into[India], or exports therefrom, any counterfeit coin, knowingly or having reason to believe that the same is counterfeit, shall be punished with imprisonment of either description for a term which may extend to three years, and shall also be liable to fine.


Simply put

Import or export of counterfeit coin has been made an offence under this section. According to the section, whoever imports into India, or exports from India, any counterfeit coin either with the knowledge or having reason to believe that the coin is counterfeit, shall be punished with simple or rigorous imprisonment for a term extending up to three years, and shall also be liable to fine.



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