CENTRAL ECONOMIC INTELLIGENCE BUREAU

CEIB was setup in the year 1985. It is the nodal agency for economic intelligence mandated to ensure effective interaction and coordination among all the concerned agencies in the area of economic offences. It also functions as the clearing house of all economic intelligence and provides a platform for such exchange between various agencies within the Department of Revenue and other intelligence and enforcement agencies including IB, RAW,CBI etc.

The Bureau is headed by the Special Secretary cum Director General who is assisted by three Joint Secretary level officers one of whom is designated as JS(COFEPOSA) and the other two are designated Dy. Director General (Administration & Coordination) and Dy. Director General (ECOINT). The detailed organisational structure is as below:

Organisational Structure of CEIB (Present Strength)

The Bureau has three Wings :

Administration & Coordination Wing (AC) - This wing acts as the Secretariat to the Economic Intelligence Council (EIC) chaired by FM. It looks after the work relating to the EIC and Working Group & also monitors the working of the 21 Regional Economic Intelligence Councils (REICs) all over the country. In addition to this, the wing is also responsible for general administration of the Bureau.

Economic Intelligence Wing (ECOINT) - This Wing coordinates at the central level the exchange of information and intelligence relating to economic offences including drug trafficking, smuggling, foreign exchange violations, supply of counterfeit currency, hawala transactions, financial frauds in stock markets, money laundering, tax evasion etc.

COFEPOSA Wing - This wing deals with work relating to the COFEPOSA Act. Smugglers and foreign exchange racketeers are detained for a period of one year under the COFEPOSA Act, 1974, with a view to prevent them from indulging in prejudicial activities in future. On receipt of proposals from the DRI, Enforcement Directorate or the Customs Houses, the Screening Committee under Member (Custom) considers and makes recommendations for detention. The detention order is issued by JS(COFEPOSA), which is placed before an Advisory Board consisting of three sitting Judges of High Court and then confirmed by the Hon’ble Finance Minister. Detention orders are also issued by the State Governments. Detenues can make representation against their detention, which need to be considered most expeditiously by the detaining authority and the Government. The powers to consider representation on behalf of the Central Government have been delegated to the SS&DG, CEIB.

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DETENTION ORDERS ISSUED UNDER COFEPOSA ACT, 1974