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<h1>Foreign Exchange Management Compounding Proceedings Rules 2000 established under section 46 and 15(1) superseded September 2024</h1> The Central Government established the Foreign Exchange Management (Compounding Proceedings) Rules, 2000 under section 46 and section 15(1) of the Foreign Exchange Management Act, 1999. These rules govern the compounding of contraventions under Chapter IV of the Act. The rules came into force on June 1, 2000, but were subsequently superseded by notification dated September 12, 2024. The rules provide the procedural framework for compounding foreign exchange violations under the statutory provisions.