Supreme Court Reviews Constitutionality of COFEPOSA Act's Section 3(1) on Detention Orders for Foreign Exchange Conservation.

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....Constitutional validity of Section 3(1) of Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (‘COFEPOSA’) to the extent it empowers the competent authority to make an order of detention against any person ‘with a view to preventing him from acting in any manner prejudicial to the conservation or augmentation of foreign exchange’ - SC....