The IPC 1860 was replaced by the BNS 2023 (in force 2024-07-01); no verified section mapping on file for Section 407 — confirm the corresponding provision (savings: Section 358, BNS 2023).
Whoever, being entrusted with property as a carrier, wharfinger or warehouse-keeper, commits criminal breach of trust in respect of such property, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine. CLASSIFICATION OF OFFENCE Punishment--Imprisonment for 7 years and fine--Cognizable--Non-bailable--Triable by Magistrate of the first class--Compoundable by the owner of the property in respect of which the breach of trust has been committed with the permission of the Court.