Conservation of Foreign Exchange and Prevention of Smuggling Activities Act

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Conservation of Foreign Exchange and Prevention of Smuggling Activities Act
Emblem of India.svg
Enacted by Parliament of India
Status: In force

COFEPOSA or the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act is an Act of the Parliament of India passed in 1974 during Indira Gandhi administration, trying to retain foreign currency and prevent smuggling. It was an economic adjunct to the controversial Maintenance of Internal Security Act (MISA) enacted in 1971. Though MISA repealed in 1978, the law never was. [1]

The trade association ASSOCHAM has demanded its repeal.[2]

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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External links


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