COFEPOSA
Encyclopedia
COFEPOSA is an Indian law
passed in 1974 for conservation of foreign exchange and preventing smuggling
. ASSOCHAM
has demanded its repeal.
Indian law
Law of India refers to the system of law in modern India. It is largely based on English common law because of the long period of British colonial influence during the period of the British Raj. Much of contemporary Indian law shows substantial European and American influence. Various legislation...
passed in 1974 for conservation of foreign exchange and preventing smuggling
Smuggling
Smuggling is the clandestine transportation of goods or persons, such as out of a building, into a prison, or across an international border, in violation of applicable laws or other regulations.There are various motivations to smuggle...
. ASSOCHAM
ASSOCHAM
The ASSOciated CHAMbers of Commerce and Industry of India is the umbrella body of chambers of commerce in India. The organisation represents the interests of trade and commerce in India, and interacting with the Government of India on policy issues, and liaisoning with their international...
has demanded its repeal.