IPC 233 - Making, buying or selling instrument for the purpose of counterfeiting coin
Description of IPC 233
Description of IPC Section 233
According to section 233 of Indian penal code, Whoever makes or mends, or performs any part of the process of making or mending, or buys, sells or disposes of, any die or instrument, for the purpose of being used, or knowing or having reason to believe that it is intended to be used, for the purpose of counterfeiting coin, shall be punished with imprisonment of either description for a term which may extended to three years, and shall also be liable to fine.
IPC 233
| Offence | Making, buying or selling instrument for the purpose of counterfeiting coin |
| Punishment | 3 Years + Fine |
| Cognizance | Cognizable |
| Bail | Bailable |
| Triable | Sessions Court |
Up to 3 years of imprisonment and a fine.
IPC 233 in Simple Words
In simple words, Section 233 of the Indian Penal Code states that if someone manufactures, repairs, buys, sells, or deals with any die or instrument intended for counterfeiting coins, they can be imprisoned for up to three years and fined.
Importance and Practical application
IPC Section 233 addresses the critical issue of counterfeiting by targeting the tools and instruments used in the crime. By criminalizing the manufacturing and distribution of dies and instruments for counterfeiting, this section aims to disrupt the entire counterfeiting operation.
Practical application:
Examples: Selling a die intended for counterfeiting. Legal Consequences: Prevents the availability of tools for coin counterfeiting.Conclusion
With penalties of up to three years of imprisonment and fines, this provision serves as a deterrent against the facilitation of counterfeiting activities. By limiting access to the means of counterfeiting, the law plays a vital role in preserving the integrity of currency and protecting the economy from fraudulent practices.