IPC 489D - Making or possessing machinery, instrument or material for forging or counterfeiting currency-notes or bank-notes
Description of IPC 489D
Description of IPC Section 489D
According to section 489D of Indian penal code, Whoever makes, or performs any part of the process of making, or buys of sells or disposes of, or has in his possession, any machinery, instrument of material for the purpose of being used, or knowing or having reason to believe that it is intended to be used, for forging or counterfeiting any currency-note or bank-note, shall be punished with imprisonment for life, or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.
IPC 489D
| Offence | Making or possessing machinery, instrument or material for forging or counterfeiting currency-notes or bank-notes |
| Punishment | Imprisonment for Life or 10 Years + Fine |
| Cognizance | Cognizable |
| Bail | Non-Bailable |
| Triable | Sessions Court |
Life imprisonment or imprisonment for up to ten years, plus a fine.
IPC 489D in Simple Words
If someone makes, uses, buys, sells, or possesses any machinery or material for the purpose of forging or counterfeiting currency or banknotes, they can be punished with life imprisonment or imprisonment for up to ten years, along with a fine.
Importance and Practical application
Focuses on the possession of tools and materials used in counterfeiting.
Practical application:
Imagine a scenario where law enforcement authorities raid a workshop and discover advanced printing machines and various materials specifically designed for counterfeiting banknotes. The individuals operating the workshop are found to be in possession of these machines with the intent to produce counterfeit currency for distribution. In this instance, those individuals could be charged under IPC Section 489D for making, using, or possessing machinery and materials intended for counterfeiting currency. If convicted, they could face life imprisonment or imprisonment for up to ten years, in addition to any fines imposed. This provision is critical in law enforcement's efforts to combat counterfeiting operations and disrupt the supply chain of counterfeit currency.Conclusion
IPC Section 489D addresses the serious offense of possessing machinery or materials intended for counterfeiting currency. By targeting the tools and materials used in the counterfeiting process, this section aims to deter individuals from engaging in or facilitating the creation of counterfeit currency, thereby protecting the integrity of the financial system.