The IPC 1860 was replaced by the BNS 2023 (in force 2024-07-01); no verified section mapping on file for Section 253 — confirm the corresponding provision (savings: Section 358, BNS 2023).
Whoever, fraudulently or with intent that fraud may be committed, is in possession of coin with respect to which the offence defined in either of the section 247 or 249 has been committed, having known at the time of becoming possessed thereof, that such offence had been committed with respect to such coin, shall be punished with imprisonment of either description for a term which may extend to five years, and shall also be liable to fine. CLASSIFICATION OF OFFENCE Punishment--Imprisonment for 5 years and fine--Cognizable--Non-bailable--Triable by Magistrate of the first class--Non-compoundable.