Here we are going to explain what is punishable offence in this section and how much has imprisonment or fine under section 486.
Selling goods marked with a counterfeit property mark:- In this section states that whoever sells, or exposes, or has in possession for sale, any goods or things with a counterfeit property mark affixed to or impressed upon the same or to or upon any case, package or other receptacle in which such goods are contained, shall, unless he proves:
486(a). that, having taken all reasonable precautions against committing an offence against this section, he had at the time of the commission of the alleged offence no reason to suspect the genuineness of the mark, and
486(b). that, on demand made by or on behalf of the prosecutor, he gave all the information in his power with respect to the persons from whom he obtained such goods or things, or
486(c). that otherwise he had acted innocently, be punished with imprisonment of either description for a term which may extend to one year, or with fine, or with both.
CLASSIFICATION OF OFFENCE Punishment:
Offence: - Knowingly selling goods marked with a counterfeit property mark
Punishment - 1 Years or Fine or Both
This is a Bailable, Non-Cognizable offence and Triable by Any Magistrate