Legal Provisions of Section 238 of Indian Penal Code, 1860.
Import or export of counterfeits of the Indian coin:
This section punishes import or export of counterfeits of the Indian coin. It says that whoever imports into India, or exports from India, any counterfeit coin which he either knows to be a counterfeit of Indian coin or has reason to believe to be counterfeit of Indian coin, shall be punished with imprisonment for life, or with simple or rigorous imprisonment for a term extending up to ten years, and shall also be liable to fine.
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The fact of import into India, or export there from, of counterfeit coin must be proved. It must also be established that the accused either knew or had reason to believe that the same was a counterfeit of India coin.
The offence under this section is cognizable, non-bailable and non-compoundable, and is triable by court of session.