Legal Provisions of Section 247 of Indian Penal Code, 1860.
Fraudulently or dishonestly diminishing weight or altering composition of Indian coin:
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While the preceding section deals with diminishing or altering composition of coin, this section penalises fraudulently or dishonestly diminishing weight or altering composition of Indian coin. The section says that whoever, either fraudulently or dishonestly, performs any operation on any Indian coin which either diminishes its weight or alters its composition, shall be punished with simple or rigorous imprisonment for a term extending upto seven years, and shall also be liable to fine.
As in the preceding section, this section also requires intention to defraud or intention to cause wrongful gain or wrongful loss to be proved on the part of the accused. The operation must be performed on any Indian coin only resulting into loss of weight or alteration of composition of it. There is no explanation attached to this section like the previous section, and the punishment under this section is comparatively severe.
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The offence under this section is cognizable, non-bailable and non-compoundable, and is triable by magistrate of the first class.