Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
This document provides guidance on compounding of contraventions under the Foreign Exchange Management Act (FEMA), 1999. It outlines the process, eligibility criteria, and computation matrix for determining the compounding amount payable for various types of contraventions. Key points: - Certain contraventions related to foreign investment, external commercial borrowings, overseas investment, and branch/liaison offices can be compounded by RBI's Regional Offices. - Applicants must submit a compounding application along with the prescribed fee of Rs. 10,000 plus GST. - Cases involving serious contraventions like money laundering, terror financing, or affecting national sovereignty are not eligible for compounding. - The compounding amount is calculated based on factors such as the sum involved, duration of contravention, undue gains made, and repetitive nature of the contravention. - A detailed computation matrix with formulas is provided for calculating the compounding amount for different types of contraventions. - The compounding authority will pass an order after giving the applicant an opportunity for a personal hearing. - The compounded amount must be paid within 15 days from the date of the compounding order. - Summary information about compounding orders will be hosted on RBI's website. The document also covers procedural aspects like submission of applications, payment modes, and issuance of compounding orders.
This document provides guidance on compounding of contraventions under the Foreign Exchange Management Act (FEMA), 1999. It outlines the process, eligibility criteria, and computation matrix for determining the compounding amount payable for various types of contraventions. Key points: - Certain contraventions related to foreign investment, external commercial borrowings, overseas investment, and branch/liaison offices can be compounded by RBI's Regional Offices. - Applicants must submit a compounding application along with the prescribed fee of Rs. 10,000 plus GST. - Cases involving serious contraventions like money laundering, terror financing, or affecting national sovereignty are not eligible for compounding. - The compounding amount is calculated based on factors such as the sum involved, duration of contravention, undue gains made, and repetitive nature of the contravention. - A detailed computation matrix with formulas is provided for calculating the compounding amount for different types of contraventions. - The compounding authority will pass an order after giving the applicant an opportunity for a personal hearing. - The compounded amount must be paid within 15 days from the date of the compounding order. - Summary information about compounding orders will be hosted on RBI's website. The document also covers procedural aspects like submission of applications, payment modes, and issuance of compounding orders.
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