Section 4
Penalty for importing or exporting prohibited coin
of Coin (Import and Export) Act 1957
Any person who in contravention of any order made under this Act imports or exports or attempts to import or export any coin in such order specified shall be liable on conviction if the aggregate nominal value of such coin is five ringgit or more in the case of copper or bronze coin or twenty-five ringgit or more in the case of silver coin to a fine not exceeding two thousand ringgit, and any coin so imported or exported or attempted to be imported or exported in contravention of any such order shall be forfeited.
(2)
In any case in which it has been proved to the satisfaction of a court that coin has been exported in contravention of any such order such court may impose in addition to the fine authorized by this section a further penalty not exceeding the amount or value of the coin so found to have been exported.
(3)
This section shall not apply to any coin imported or exported under a licence in writing under the hand of the Minister of
Finance or of any officer appointed in that behalf by the Minister of
Finance. Every such licence shall specify the terms on which such coin may be imported or exported as the case may be.
Coin (Import and Export) 7
(4)
Any person importing or exporting coin under any such licence shall be bound to comply with the terms in such licence specified, and any person importing or exporting coin in contravention of the terms of such licence shall be liable on conviction before the Magistrates’ Court to a fine not exceeding two thousand ringgit, and any coin imported or exported in contravention of the terms of such licence shall be forfeited. Subsection (2) shall apply in the case of any coin exported in contravention of the terms of any such licence.
(5)
If any person shall in contravention of any such order circulate any coin in such order specified, he shall be liable to a fine not exceeding fifty ringgit, and the coin shall be forfeited.
(6)
For the purposes of this section a person is not deemed to circulate coin who gives such coin to a banker or money-changer in exchange for other coin or for notes.