Mischief by fire or explosive substance with intent to cause damage to amount of one hundred or (in case of agricultural produce) ten rupees

Whoever commits mischief by fire or any explosive substance, intending to cause, or knowing it to be likely that he will thereby cause, damage to any property to the amount of one hundred rupees or upwards 1 [or (where the property is agricultural produce) ten rupees or upwards], shall be punished with imprisonment of either description for a term which ¹[shall not be less than two years nor more than] seven years and shall also be liable to fine.