The IPC 1860 was replaced by the BNS 2023 (in force 2024-07-01); no verified section mapping on file for Section 489D — confirm the corresponding provision (savings: Section 358, BNS 2023).
Whoever makes, or performs, any part or the process of making, or buys or sells or disposes of, or has in his possession, any machinery, instrument or material for the purpose of being used, or knowing or having reason to believe that it is intended to be used, for forging or counterfeiting any currency-note or bank-note, 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.