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of <h1>FEMA Violation Resolution: Comprehensive Guidelines for Compounding Foreign Exchange Contraventions Under Statutory Framework</h1> The circular provides master directions for compounding contraventions under the Foreign Exchange Management Act (FEMA), 1999. It outlines the process for applicants to seek compounding of foreign exchange-related violations, including eligibility criteria, application procedures, and calculation of compounding amounts. The guidelines specify different compounding approaches for various types of contraventions, with a structured matrix for determining penalties based on the nature and duration of the violation. Compounding is not allowed for serious contraventions or repeated offenses within three years.
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