COFEPOSA or the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act is an Act of the Parliament of India passed in 1974 during Indira Gandhi administration, trying to retain foreign currency and prevent smuggling. It was an economic adjunct to the controversial Maintenance of Internal Security Act (MISA) enacted in 1971. Though MISA repealed in 1978, the law never was. The trade association ASSOCHAM has demanded its repeal.