Step 1: Understanding the term ‘Counterfeit’.
Under the Bharatiya Nyaya Sanhita, 2023, the expression ‘counterfeit’ does not require an absolutely identical imitation. The focus is on deceptive similarity rather than exact duplication.
Step 2: Legal interpretation.
The law recognizes that counterfeiting may involve variations, and even an inexact imitation can mislead an ordinary person into believing it to be genuine.
Step 3: Analysis of options.
Options (A), (B), and (C) incorrectly insist on degrees of exactness. The statute clearly states that exact imitation is not mandatory for an act to qualify as counterfeiting.
Step 4: Conclusion.
Therefore, the correct answer is (D) It is not essential that imitation should be exact.