Compounding power of Enforcement Directorate: graded authority to compound foreign exchange contraventions with supervisory control. Compounding authority under the Foreign Exchange (Compounding Proceedings) Rules, 2000 vests in designated officers of the Enforcement Directorate according to a graded scheme tied to the monetary scale of the contravention, provided the amount is quantifiable; applications must be made in the prescribed form to the Director, Directorate of Enforcement, New Delhi, with payment of the prescribed fee, and officers exercise these powers under the direction, control and supervision of the Director of Enforcement.
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Compounding power of Enforcement Directorate: graded authority to compound foreign exchange contraventions with supervisory control.
Compounding authority under the Foreign Exchange (Compounding Proceedings) Rules, 2000 vests in designated officers of the Enforcement Directorate according to a graded scheme tied to the monetary scale of the contravention, provided the amount is quantifiable; applications must be made in the prescribed form to the Director, Directorate of Enforcement, New Delhi, with payment of the prescribed fee, and officers exercise these powers under the direction, control and supervision of the Director of Enforcement.
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