Section 257
Prohibition Of Using Counterfeit Currency
(1) No person shall,
with the intention of using as genuine, purchase, sell, export, import,
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transact, or use as genuine, any counterfeit currency or attempt to do
such act or possess such currency.
(2) A person who commits the offence referred to in subsection
(1) shall be liable to a sentence of imprisonment for a term
not exceeding seven years and a fine not exceeding seventy thousand
rupees.