The IPC 1860 was replaced by the BNS 2023 (in force 2024-07-01); no verified section mapping on file for Section 238 — confirm the corresponding provision (savings: Section 358, BNS 2023).
Whoever imports into India, or exports there from any counterfeit coin, which he knows or has reason to believe to be a counterfeit of Indian coin, shall be punished with imprisonment for life, or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine. CLASSIFICATION OF OFFENCE Punishment--Imprisonment for life, or imprisonment for 10 years and fine--Cognizable--Non-bailable--Triable by Court of Session--Non-compoundable.