Pending FEMA compounding applications remain subject to the earlier procedural framework after commencement of the new rules. Pending FEMA compounding applications before the compounding authority at the commencement of the Foreign Exchange (Compounding Proceedings) Rules, 2024 ... Summary
Pending FEMA compounding applications remain subject to the earlier procedural framework after commencement of the new rules.
Pending FEMA compounding applications before the compounding authority at the commencement of the Foreign Exchange (Compounding Proceedings) Rules, 2024 remain governed by the superseded Foreign Exchange (Compounding Proceedings) Rules, 2000. The earlier procedural framework therefore continues to apply to such pending applications.
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