TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI circular consolidates framework to compound FEMA contraventions, authorises officers, sets thresholds, procedures, exclusions including Section 3(a)</h1> The circular consolidates the Reserve Bank's framework for compounding contraventions under the Foreign Exchange Management Act, 1999, authorizing specified officers and regional offices to compound quantifiable contraventions (except section 3(a)) within prescribed monetary thresholds and timelines; it sets application procedures, fees, documentation, factors and a computation matrix for determining compounding amounts (subject to ceilings and provisos), pre-requisites and exclusions (including recent or serious matters, money-laundering/terror financing suspicions, pending appeals, or lack of required external approvals), timelines for orders and payment, reporting duties of authorised dealers, and referral to enforcement agencies where compounding is not appropriate.
TaxTMI 
TaxTMI 
