Economic Intelligence Council & ; Regional Economic Intelligence Councils

Economic offences often have multiple dimensions which fall under the jurisdiction of various law enforcement agencies. To facilitate coordination amongst the Enforcement Agencies dealing with economic offences, a two-tier system has been established- the Economic Intelligence Council (EIC) chaired by the Finance Minister, and 30 Regional Economic Intelligence Councils (REIC) in different places in India chaired by the Chief Commissioners of Customs, Central Excise or Income Tax. CEIB is the Secretariat of the EIC. It also oversees the functioning the REICs.

Economic Intelligence Council

The Economic Intelligence Council is the apex body ensuring inter- ministerial cooperation and coordination to combat the menace of economic crimes and threat to national security.

Mandate

(i)    Consider various aspects of intelligence relating to economic security and evolve strategy for effective collection and collation of such intelligence and its dissemination to identified user agencies and Department.

(ii)  Review measures to combat economic offences and formulate coordinated strategy of action by various enforcement agencies.

(iii)Review important cases involving inter-agency coordination and approve modalities for improving such coordination.

(iv)Consider and approve measures to strengthen the working of individual intelligence and enforcement agencies under the Ministry of Finance.

(v)  Examine the changing dynamics of economic offences, including new modus operandi for such offences, and approve measures for dealing with them effectively.

(vi)Advise on amendments of laws and procedures for plugging loopholes in taking effective action against economic offenders.

(vii)   Review measures to combat the generation and laundering of black money and approved strategy for dealing effectively with black money operators and tax evaders.

(viii)     Interact through its Secretariat, with the National Security Council Secretariat (NSCS) on matters having bearing on national security and economic security.

(ix) Consider and approve lists of annual tasks, including their periodical updating, for each of its agencies in consultation with all user Departments and agencies, including the Intelligence Bureau (IB) and Research and Analysis Wing (R & AW), and direct its Secretariat to make available the task lists to the NSCS.

(x)   Consider evaluation (qualitative and quantitative) of the performance (In the field of intelligence collection, prompt dissemination follow-up, etc.) of all agencies under its control.

(xi) Consider and suggest appropriate budgeting of all agencies under its control.

Composition

Finance Minister

Chairman

Minister of State (Revenue)

Vice Chairman

Governor, Reserve Bank of India

Member

Finance Secretary/Secretary, Department of Economic Affairs

Member

Home Secretary

Member

Revenue Secretary

Member

Secretary, Planning Commission

Member

Commerce Secretary

Member

Secretary, Department of Company Affairs

Member

Secretary, Department of Industrial Policy & Promotion

Member

Secretary (Banking & Insurance) Department of Economic & Affairs

Member

Secretary, National Security Council  Secretariat

Member

Secretary, R & AW

Member

Chairman, Securities & Exchange Board of India

Member

Chairman, Central Board of Direct Taxes (CBDT)

Member

Chairman, Central Board of Excise & Customs (CBEC)

Member

Special Secretary-cum- Director General, Central Economic Intelligence Bureau (CEIB)

Member

Member (Anti smuggling), CBEC

Member

Member (Central Excise), CBEC

Member

Member (Customs), CBEC

Member

Member (Investigation), CBDT

Member

Director General, Narcotics Control Bureau  (NCB)

Member

Director General, Directorate General of Revenue Intelligence (DGDRI)

Member

Director General, Directorate General of Central Excise Intelligence

 (DGCEI)

Member

Additional Secretary, Department of Revenue

Member

Director, Directorate of Enforcement

Member

Regional Economic Intelligence Councils (REIC)

                The Regional Economic Intelligence Councils (REICs) are nodal agencies at the regional level which have been constituted for coordinating work amongst various enforcement and intelligence agencies dealing with economic offences in their respective regions. All investigative and intelligence agencies including the Central and State Revenue Departments and the Economic Intelligence Wing of State Police are members of the forum. The Director Generals (Investigation), Income-Tax / Chief Commissioners of Customs & Central Excise are the Conveners of REIC. By its very nature the REIC provides a platform for exchange of strategic information and tactical intelligence among the intelligence and enforcement agencies of the Central and State Governments to counter the economic offences and threats to the national security. The REICs are mandated to meet once every 2 months.            

                There are 30 Regional Economic Intelligence Councils (REICs) functioning in different parts of the country as follows:

 

REIC

Convenor

1.

Ahmedabad

Chief Commissioner of Customs & Central Excise, Ahmedabad

2.

Allahabad

Chief Commissioner of Income Tax, Allahabad

3.

Amritsar

Chief Commissioner of Income Tax, Amritsar

4.

Bangalore

Director General of Income Tax(Inv), Bangalore

5.

Bhopal

Chief Commissioner of Customs & Central Excise & Service Tax, Bhopal

6.

Bhubaneswar

Pr. Chief Commissioner of Income Tax, Bhubaneswar

7.

Chandigarh

Director General of Income Tax(Inv), Chandigarh

8.

Chennai

Director General of Income Tax(Inv), Chennai

9.

Dehradun

Chief Commissioner of Income Tax, Dehradun

10.

Delhi

Chief Commissioner of Customs & Central Excise, Delhi

11.

Goa

Chief Commissioner of Income Tax, Goa

12.

Hyderabad

Chief Commissioner of Customs, Central Excise & Service Tax, Hyderabad

13.

 Indore

Chief Commissioner of Income Tax, Indore

14.

Jaipur

Director General of Income Tax(Inv), Jaipur

15.

Jodhpur

Chief Commissioner of Income Tax, Jodhpur

16.

Kochi

Director General of Income Tax(Inv), Kochi

17.

Kolkata

Chief Commissioner of Customs, Kolkata

18.

Lucknow

Chief Commissioner of Customs,Central Excise & Service Tax, Lucknow

19.

Madurai

Chief Commissioner of Income Tax, Madurai

20

Meerut

Chief Commissioner  of Central Excise, Meerut

21

Mumbai

Director General of Income Tax, Mumbai

22

Nagpur

Chief Commissioner of Customs & Central Excise, Nagpur

23

Patna

Director General of Income Tax, Patna

24

Pune

Chief Commissioner of Customs & Central Excise, Pune

25

Raipur

Chief Commissioner of Income Tax, Raipur

26

Rajkot

Chief Commissioner of Income Tax, Rajkot

27

Ranchi

Chief Commissioner of Income Tax, Ranchi

28

Shillong

Chief Commissioner of Income Tax, Shillong

29

Vadodara

Chief Commissioner of Customs & Central Excise, Vadodara

30

 Visakhapatnam

Chief Commissioner of Customs & Central Excise & Service Tax, Visakhapatnam

 


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