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Core Purpose

The Central Government reconstitutes the Advisory Board under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974, for a period of one year.

Detailed Summary

The Ministry of Finance (Department of Revenue), Central Economic Intelligence Bureau, issued Notification G.S.R. 194(E) on 18th March, 2026, reconstituting the Advisory Board for a period of one year. This action is taken in exercise of the power conferred by clause (a) of Section 8 of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (52 of 1974). This notification supersedes Notification G.S.R. No. 173 (E) dated 13th March, 2025, of the Government of India, Ministry of Finance (Department of Revenue), with the exception that things done or omitted before such supersession remain unaffected. The reconstituted Board consists of Hon'ble Mr. Justice Anup Jairam Bhambhani as Chairperson, and Hon'ble Mr. Justice Anish Dayal and Hon'ble Mr. Justice Tejas Karia as Members. This notification shall come into force with effect from 23rd March, 2026. The superseded Notification G.S.R. No. 173(E) dated 13th March, 2025, was originally published in the Gazette of India (Extraordinary) Part II, Section 3, Sub Section (i) on 13.03.2025.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-18032026-271048 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 188] NEW DELHI, WEDNESDAY, MARCH 18, 2026/PHALGUNA 27, 1947 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL ECONOMIC INTELLIGENCE BUREAU) New Delhi, the 18th March, 2026 G.S.R. 194(E). In exercise of the power 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 G.S.R. No. 173 (E) dated 13th March, 2025 of the Government of India, Ministry of Finance (Department of Revenue), except in respect of things done or omitted to be done before such supersession, the Central Government hereby reconstitutes the Advisory Board for a period of one year, consisting of :- (i) Hon'ble Mr. Justice Anup Jairam Bhambhani - Chairperson (ii) Hon'ble Mr. Justice Anish Dayal - Member (iii) Hon'ble Mr. Justice Tejas Karia - Member 2. This notification shall come into force with effect from 23rd March, 2026. [F. No. PD-13004/01/2019-COFEPOSA] RAM PRABHAKAR, Dy. Secy. Footnote: The Notification G.S.R. No. 173(E) dated 13th March, 2025 was published in the Gazette of India (Extraordinary) Part II, Section 3, Sub Section (i) on 13.03.2025.

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