Central Economic Intelligence Bureau
It is well recognised that the evasion of one tax usually
entails evasion of other taxes as well. For the purpose of
effective information gathering, collation and dissemination, a
close co-ordination between the Agencies enforcing different
tax laws is essential.
Hence, the Central Economic Intelligence Bureau was set up
with the intention of creating a body which would coordinate and
strengthen the intelligence gathering activities as well as
investigative efforts of all the Agencies which enforce
economic laws. Accordingly, the following functions have been
entrusted to the Central Economic Intelligence Bureau:-
- To
collect intelligence and information regarding aspects of
the black economy which require close watch and
investigation. Also, keeping in view the scene of
economic offences, the Bureau is required to collect
information and provide periodical and special reports to
the concerned authorities;
- To
keep a watch on different aspects of economic offences
and the emergence of new types of such offences. The
Bureau was made responsible for evolving counter
-measures required for effectively dealing with existing
and new types of economic offences;
- To
act as the nodal agency for cooperation and coordination
at the international level with other customs , drugs,
law enforcement and other agencies in the area of
economic offences....
- To
implementation of the COFEPOSA(i.e. Conservation of
Foreign Exchange & Prevention of Smuggling Activities
Act, 1971 which provides for preventive detention of
persons involved in smuggling and foreign exchange
rackets under certain specified circumstances)
- To
act as a Secretariat of the Economic Intelligence Council
which acts as the apex body to ensure full co-ordination
among the various Agencies including Central Bureau of
Investigation, Reserve Bank of India, Intelligence Bureau
etc.
Sources and Methods
http://www.fas.org/irp/world/india/finmin/ceib.htm
Created by John Pike
Maintained by Steven Aftergood
Updated Sunday, May 24, 1998 7:46:48 AM
