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<h1>Individuals Can Resolve Foreign Exchange Violations Within 180 Days Through Compounding Under FEMA Section 13</h1> The statutory provision allows for compounding of contraventions under Section 13 of the Foreign Exchange Management Act (FEMA). An individual who commits a contravention can apply to the Director of Enforcement or authorized officers within 180 days to resolve the violation. Once compounded, no further legal proceedings can be initiated against the person for that specific contravention.