COFEPOSA


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AcronymDefinition
COFEPOSAConservation of Foreign Exchanges and Prevention of Smuggling Activities Act (India)
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References in periodicals archive ?
A closely related piece of legislation is the Conservation of Foreign Exchange and Prevention of Smuggling Act (COFEPOSA), which provides for preventive detention in smuggling and other matters relating to foreign exchange violations.
52 (India), available at http://www.geocities.com/indiancustoms/act/ cofeposa.htm (last visited May 2, 2005).
Murugandan, a senior intelligence officer in DRI, Chennai and private importer Alex Joseph who, according to the bureau, has a criminal history and was detained under Cofeposa. It is alleged that the nexus between the DRI officer and the importer caused a loss of ` 48 crore to the exchequer.