Legal Provisions of Section 237 of Indian Penal Code, 1860.
Import or export of counterfeiting coin:
Import or export of counterfeit coin has been made an offence under this section. According to the section, whoever imports into India, or exports from India, any counterfeit coin either with the knowledge or having reason to believe that the coin is counterfeit, shall be punished with simple or rigorous imprisonment for a term extending up to three years, and shall also be liable to fine.
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The section requires that the fact that counterfeit coin has been imported into India, or exported there from, must be proved. The prosecution must also establish the mens rea of the accused, which in the present instance is knowledge on his part that the coin is counterfeit. In the alternative the prosecution could also prove that he had reason to believe that the coin is counterfeit.
The offence under this section is cognizable, non-bailable and non-compoundable, and is triable by magistrate of the first class.