IPC 257 - Making, buying or selling instrument for the purpose of counterfeiting a Government stamp
Description of IPC 257
Description of IPC Section 257
According to section 257 of Indian penal code, Whoever makes or performs any part of the process of making, or buys, or sells, or disposes of, any 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 any stamp issued by Government for the purpose of revenue, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.
IPC 257
| Offence | Making, buying or selling instrument for the purpose of counterfeiting a Government stamp |
| Punishment | 7 Years + Fine |
| Cognizance | Cognizable |
| Bail | Bailable |
| Triable | Sessions Court |
Up to 7 years of imprisonment and a fine.
IPC 257 in Simple Words
According to section 257 of the Indian Penal Code, anyone who makes, buys, sells, or deals with instruments meant for counterfeiting government revenue stamps can be punished with imprisonment up to seven years and fined.
Importance and Practical application
IPC Section 257 targets the transaction and distribution of instruments used for counterfeiting government revenue stamps, highlighting the broader issue of counterfeiting in financial systems.
Practical application:
Examples: Engaging in any transaction involving tools for fake stamp production. Legal Consequences: Penalties for involvement in the counterfeiting process.Conclusion
The section enforces strict penalties of up to 7 years of imprisonment and fines for individuals involved in making, buying, or selling counterfeiting instruments, thereby aiming to disrupt the network of counterfeit operations and protect the integrity of government revenue.