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1986 (11) TMI 355 - SUPREME COURT
Whether counterfeit American dollar notes will fall within the purview of Sections 489A and 489C of the Indian Penal Code?
Held that:- Appeal allowed. The omission of an explanation in Sec. 489A for the expression "currency note" similar to the one for 'hank note' thus assumes importance. The expression could refer only to the currency notes issued by the Government of India." applicable to currency notes other than Indian currency notes. And in holding that counterfeiting of or possessing of counterfeit dollar bills or dollar notes is not an offence under the Indian law, thereby issuing a carte blanche to the counterfeiters of the world to establish their headquarters within the State of Kerala with a view to carry on their activities with impunity under the umbrella unwittingly opened for them by the judgment of the High Court. The view taken by the High Court is thus thoroughly unsustainable. The judgment and order of discharge rendered by the High Court are therefore reversed and set aside. The matter will not to go back to the trail court for proceeding further in accordance with law in the light of the observations made hereinabove