Foreign exchange compounding proceedings now operate under updated rules replacing the prior framework while preserving earlier actions. Foreign Exchange (Compounding Proceedings) Rules, 2024 establish the legal framework for compounding proceedings under the Foreign Exchange Management ... Summary
Foreign exchange compounding proceedings now operate under updated rules replacing the prior framework while preserving earlier actions.
Foreign Exchange (Compounding Proceedings) Rules, 2024 establish the legal framework for compounding proceedings under the Foreign Exchange Management Act, 1999. They supersede the Foreign Exchange (Compounding Proceedings) Rules, 2000, while preserving acts done and omissions made before replacement. The Rules take effect upon publication in the Official Gazette.
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