The gazette notification reconstitutes an Advisory Board related to the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974.
The reconstitution is effective for a period of one year.
This notification supersedes the previous notification G.S.R. No. 202(E) dated 15th March, 2024, except for actions taken before this supersession.
Key Changes
The Central Government has reconstituted the Advisory Board.
The Advisory Board consists of:
Hon’ble Ms. Justice Prathiba M. Singh - Chairperson
Hon’ble Mr. Justice Amit Bansal - Member
Hon’ble Mr. Justice Sachin Datta - Member
The notification is effective from March 23, 2025.
The previous notification that is being superseded is G.S.R. No. 202(E), dated March 15, 2024.
Impact Analysis
Government
Action Item: The Ministry of Finance (Department of Revenue) needs to ensure that all relevant departments are informed about the new Advisory Board composition.
Advisory Board Members
Action Item: The new board members need to be briefed on current priorities and ongoing cases.
Businesses and Individuals involved in Foreign Exchange
Action Item: Review internal compliance procedures to ensure alignment with the objectives of the Act.
Law Enforcement Agencies
Action Item: Maintain communication channels with the Advisory Board to seek guidance on relevant cases.
Key Entities Referenced
Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974: The primary legislation governing the conservation of foreign exchange and prevention of smuggling activities in India.
Central Economic Intelligence Bureau (CEIB): The agency under the Department of Revenue, Ministry of Finance, responsible for economic intelligence and enforcement of regulations related to financial crimes.
Advisory Board: A body constituted by the Central Government to provide expert advice and guidance on matters related to the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974.
G.S.R. No. 202(E), dated 15th March, 2024: The previous notification that is now superseded by this new notification, except for actions taken before the supersession.
Ministry of Finance (Department of Revenue): The government body responsible for financial matters, including revenue collection and economic regulations.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-13032025-261602
CG-DxLx-xEG-I1D3H0x3x2x0 25-261602
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
सं. 138] नई दिल्ली, बृहस्ट्प जतिार, माच ि13, 2025/फाल्ग नु 22, 1946
No. 138] NEW DELHI, THURSDAY, MARCH 13, 2025/PHALGUNA 22, 1946
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केंद्रीय आर्थकि आसचू ना ब्यरू ो)
अजधसचू ना
नई दिल्ली, 13 माचि, 2025
सा. का. जन. 173(अ).—जििेिी मुद्रा संरक्षण और तस्ट्करी गजतजिजध जनिारण अजधजनयम, 1974 (1974 का 52)
की धारा 8 के खण्ड (क) द्वारा प्रित्त िजियों का प्रयोग करते हुए और भारत सरकार, जित्त मत्रं ालय, (रािस्ट्ि जिभाग) की
अजधसूचना स.ं सा. का. जन. 202(अ), दिनांक 15 माच,ि 2024 के अजतक्रमण म,ें ऐस े अजधक्रमण स े पहले की गयी या
छोड़ी गयी िस्ट्तओु के जसिाए, केंद्र सरकार एतद्द्वारा एक िर्ि की अिजध के जलए सलाहकार बोडि का गठन करती ह,ै
जिसम े जनम्नजलजखत िाजमल ह:ैं-
1) माननीय सुश्री न्यायमूर्त ि प्रजतभा एम. ससंह - अध्यक्ष
2) माननीय श्री न्यायमूर्त ि अजमत बंसल -सिस्ट्य
3). माननीय श्री न्यायमूर्त ि सजचन ित्ता -सिस्ट्य
1725 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
2. यह अजधसूचना 23 माचि, 2025 स े प्रभािी होगी ।
[फा. सं. पी. डी. 13004/01/2019-कोफेपोसा]
नरेि कुमार, जनिेिक (कोफेपोसा)
पाि टिपण्णी: दिनांक 15 माच,ि 2024 की अजधसूचना स.ं सा. का. जन. 202(अ) भारत के रािपत्र (असाधारण) भाग II,
खण्ड 3, उप खण्ड- (i) म ेंक्रमि: दिनांक 15 माच,ि 2024 को प्रकाजित हुई।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL ECONOMIC INTELLIGENCE BUREAU)
NOTIFICATION
New Delhi, the 13th March, 2025
G.S.R. 173(E).—In exercise of the powers conferred by clause (a) of Section 8 of the Conservation of
Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (52 of 1974) and in supersession of the
Notification of the Government of India, in the Ministry of Finance (Department of Revenue) G.S.R. No. 202(E)
dated 15th March, 2024 except as respects things done or omitted to be done before such supersession, the Central
Government hereby reconstitutes an Advisory Board for a period of one year, consisting of :-
(i) Hon’ble Ms. Justice Prathiba M. Singh - Chairperson
(ii) Hon’ble Mr. Justice Amit Bansal - Member
(iii) Hon’ble Mr. Justice Sachin Datta - Member
2. This Notification shall come into force with effect from 23rd March, 2025.
[F. No. PD-13004/01/2019-COFEPOSA]
NARESH KUMAR, Director (COFEPOSA)
Footnote: The Notification G.S.R No. 202(E) dated 15th March, 2024 was published in the Gazette of India
(Extraordinary) Part II, Section 3, Sub Section (i) on the 15.03.2024.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.