Section 489C of IPC : Section 489C: Possession Of Forged Or Counterfeit Currency Notes Or Bank-Notes

Explanation using Example

Imagine a scenario where a shopkeeper named Raj has received a payment with several currency notes. Upon closer inspection, he realizes that one of the notes is a counterfeit. Despite his awareness, Raj decides to pass it on as genuine while giving change to another unsuspecting customer, hoping it goes unnoticed. Unfortunately for Raj, the customer is vigilant and identifies the fake note, reporting it to the authorities. The police investigate and confirm that Raj knew the note was counterfeit but intended to use it as if it were real. In this case, Raj could be charged under Section 489C of the Indian Penal Code, 1860, and if found guilty, he could face imprisonment of up to seven years, a fine, or both.