What is IPC Section 489C in BNS?

IPC Section 489C (489C. Possession of forged or counterfeit currency-notes or bank-notes.) now corresponds to BNS Section 180 — 180. Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes.. The text is substantially unchanged.

The text is substantially unchanged

IPC Section 489C is now BNS Section 180

489C. Possession of forged or counterfeit currency-notes or bank-notes.

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Old law

IPC §489C

489C. Possession of forged or counterfeit currency-notes or bank-notes.

489C. Whoever has in his possession any forged or counterfeit currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit and intending to use the same as genuine or that it may be used as genuine, shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both.

180. Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes.

180. Whoever has in his possession any forged or counterfeit coin, stamp, currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit and intending to use the same as genuine or that it may be used as genuine, shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both.

Explanation.—If a person establishes the possession of the forged or counterfeit coin, stamp, currency-note or bank-note to be from a lawful source, it shall not constitute an offence under this section.