The IPC 1860 was replaced by the BNS 2023 (in force 2024-07-01); no verified section mapping on file for Section 483 — confirm the corresponding provision (savings: Section 358, BNS 2023).
Whoever counterfeits any property mark used by any other person shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both. CLASSIFICATION OF OFFENCE Punishment--Imprisonment for 2 years, or fine, or both--Non-cognizable--Bailable--Triable by any Magistrate--Compoundable by the person whose trade or property mark is counterfeited with the permission of the Court.