Whoever sells, or offers for sale, any stamp which he knows or has reason to believe to be a counterfeit of any stamp issued by Government for the purpose of revenue, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.
IPC Section 258: Simplified Explanation
IPC Section 258 of the Indian Penal Code (IPC) deals with the offence of selling or attempting to sell counterfeit coins outside India. This section explicitly targets individuals who, knowing that the coins are counterfeit, engage in or attempt to sell or distribute such coins beyond India’s borders.
Is IPC Section 258 bailable?
No, IPC Section 258 is a non-bailable offence. This means that the accused does not have an automatic right to bail and must apply for bail before a magistrate or judge, who will then decide whether or not to grant bail based on the specifics of the case.
IPC Section 258 Punishment
The punishment for IPC Section 258 is imprisonment for either description for a term that may extend to seven years and a fine. This reflects the seriousness of the offence, as it involves the international distribution of counterfeit currency, which can have significant repercussions on both the foreign and domestic economies.
Example of IPC Section 258
Consider a scenario where a person named Arjun is involved in a scheme to sell counterfeit Indian coins to a buyer in a neighbouring country. Arjun knows the coins are counterfeit but proceeds with the transaction, hoping to make a profit. The authorities, however, intercept the package containing the counterfeit coins before it leaves India and trace it back to Arjun. Upon investigation, it was found that Arjun knowingly attempted to sell counterfeit coins outside India. In this case, Arjun can be prosecuted under IPC Section 258 for his involvement in the sale of counterfeit coins out of the country.
