The Indian Coinage Act 1870, 23 of 1870, (Rep., Act 03 of 1906)

Section 17. Return of cut coin

Repealed or not in force · As amended up to 2026-08

Receipt of cut coin. 216 Indian Coinage. [ACT XXIII SECTIONS. 18. Indemnification of public servants for anything done before passing of Act. Bar of suits. VIII 17. Return of cut coin. Receipt of cut coin. 216 Indian Coinage. [ACT XXIII SECTIONS. 17. If any coin so cut or broken is counterfeit, or has been reduced in weight otherwise than by reasonable wearing, the pieces shall be returned to the person tendering the coin, and he shall bear the loss caused by such cutting or breaking. But if it has been coined and issued by the authority of the Government of India, and has lost by reasonable wearing more than two per cent. in weight, or has been called-in by any proclamation, the officer cutting or breaking the same shall receive it at the rate of one rupee per tola.

Source: India Code