The Conservation of Foreign Exchange and Prevention of Smuggling Activities Act (COFEPOSA) was enacted in the year 1974 by the government of India. It was designed specifically to deter economic offences and safeguard the financial stability of the country. The act adds provisions for the preventive detention of perpetrators involved in such offences, thus reflecting the seriousness with which economic crimes were viewed.
This Question is Also Available in:
हिन्दी