IPC 237 - Import or export of counterfeit coin, knowing the same to be counterfeit

Description of IPC 237

Description of IPC Section 237 According to section 237 of Indian penal code, 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. IPC 237

Offence	Import or export of counterfeit coin, knowing the same to be counterfeit
Punishment	3 Years + Fine
Cognizance	Sessions Court
Bail
Triable

Who is Liable: Anyone who knowingly imports or exports counterfeit coins into or from India. Act Prohibited: Importing or exporting counterfeit coins.
Up to 3 years of imprisonment and a fine.

IPC 237 in Simple Words

In simple words, Section 237 of the Indian Penal Code states that if someone knowingly imports or exports any counterfeit coin into or from India, they can be punished with imprisonment for up to three years and fined.

Importance and Practical application

Cognizable

Practical application:

Examples: Bringing counterfeit coins into India or sending them abroad. Legal Consequences: Discourages the trade of counterfeit currency.

Conclusion

Bailable