History:
an ‘Enforcement Unit’ was formed, in the Department of Economic Affairs, for handling Exchange Control Laws violations under Foreign Exchange Regulation Act, 1947 (FERA ’47).
Renamed:
In the year 1957, this Unit was renamed as ‘Enforcement Directorate’.
Ministry:
part of the Department of Revenue, Ministry of Finance.
Mandate:
Organization is mandated with the task of enforcing the provisions of two special fiscal laws – Foreign Exchange Management Act, 1999 (FEMA) and Prevention of Money Laundering Act, 2002 (PMLA).
Special Courts:
— For the trial of an offence punishable under section 4 of PMLA, the Central Government (in consultation with the Chief Justice of the High Court), designates one or more Sessions Court as Special Court(s). The court is also called “PMLA Court”.
— Any appeal against any order passed by PMLA court can directly be filed in the High Court for that jurisdiction.
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