The Central Economic Intelligence Bureau (CEIB) is an
Indian intelligence agency responsible for gathering information and monitoring the
economic and financial sectors for
economic offences and warfare.
Formation
The Central Economic Intelligence Bureau was established in July, 1985 responsible to the Department of Revenue,
Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance.
Lists of current ministries of finance
Named "Ministry"
* Ministry of Finance (Afghanistan)
* Ministry of Finance and Ec ...
.
Along with the
Income Tax Department it is India's chief agency responsible for economic intelligence, monitoring and fighting economic offences such as smuggling, money laundering tax evasion and fraud.
Organisation
The Central Economic Intelligence Bureau is headed by a Director General, who also carries the designation of Special Secretary to the
Government of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...
.
The CEIB is the chief constituent of the
Economic Intelligence Council and is responsible to the
Finance Minister of India
The Minister of Finance (Vitta Mantrī ) (or simply, the Finance Minister, short form FM) is the head of the Ministry of Finance of the Government of India. One of the senior offices of the Union Cabinet, the finance minister is responsible for ...
. The sanctioned strength of the Bureau includes two Deputy Directors General and Joint Secretaries, the Joint Secretary (COFEPOSA), five Assistant Directors General, four Under Secretaries and eight Senior Technical Officers. Including intelligence officers and secretarial staff, the total strength of the bureau stands at 133.
Functions
# To collect information on various illegal economic activities and monitor sensitive and susceptible sectors of the Indian economy and financial sector.
# To ensure the full implementation of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (COFEPOSA).
It is also responsible for developing methods to counter such crimes and criminal organisations involved.
# It is the chief coordinator of other agencies in the Ministry of Finance that are responsible for fighting economic offences, as well as the agencies of state governments.
# It also cooperates and liaisons with the
Central Bureau of Investigation (CBI),
Central Board of Excise and Customs
The Indian Revenue Service ( IAST: ), often abbreviated as IRS, is an Indian government agency that is primarily responsible for collecting and administering direct and indirect taxes. As a central civil service under Group A of the exec ...
(CBEC),
Directorate of Revenue Intelligence
The Directorate of Revenue Intelligence (DRI) is an Indian intelligence agency. It is India's apex anti-smuggling intelligence, investigations and operations agency.
The Directorate is run by officers from the Central Board of Indirect Taxes a ...
(DRI),
Central Board of Direct Taxes (CBDT), etc.
# The CEIB also cooperates at the international level with the agencies of other countries responsible for customs, drugs and economic law enforcement.
See also
References
{{Taxation in India
Indian intelligence agencies
Ministry of Finance (India)
Financial regulation in India
Financial crime prevention
Tax evasion in India
1985 establishments in India
Government agencies established in 1985