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of <h1>Person failing to pay compounded sum under Rule 9 loses compounding benefits and faces original FEMA penalties</h1> Under the Foreign Exchange Compounding Proceedings Rules 2000, if a person fails to pay the compounded sum within the specified timeframe under Rule 9, they are deemed to have never applied for compounding of any contravention. Consequently, the full provisions of the Foreign Exchange Management Act for contraventions will apply to such person, effectively nullifying any benefit of the compounding process and subjecting them to original penalty provisions.
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