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        FEMA

        Rule 11 - Consequences of Failure in Paying sum Compounded

        Foreign Exchange (Compounding Proceedings) Rules, 2024

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        Failure to pay compounded sum voids the compounding application and revives statutory contravention enforcement under the Act. Failure to pay the sum compounded within the time specified results in the person being deemed to have never made an application for compounding, and the provisions of the Act for contravention apply to them.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Failure to pay compounded sum voids the compounding application and revives statutory contravention enforcement under the Act.

                            Failure to pay the sum compounded within the time specified results in the person being deemed to have never made an application for compounding, and the provisions of the Act for contravention apply to them.


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