Compounding applications returned after ED deemed contraventions under Section 13(1) read with Section 42 FEMA; proviso to Rule 8(2)

Impleadment allowed and 3,621-day delay condoned; legal representative substituted under FERA and FEMA statutory provisions

Appeal dismissed: jurisdiction limited to questions of law; factual findings, evidence and confiscation orders upheld

Appeal dismissed; penalty under Section 13(1) of FEMA upheld as lawful, not arbitrary or disproportionate.

Appeal dismissed where directorate failed to prove FEMA contravention on preponderance of probabilities; foreign document unauthenticated.

Appellant company liable for FEMA contraventions on foreign remittances and filing; penalty reduced despite upheld liability

Central bank allows exporters to hold foreign-currency accounts abroad, use funds for imports or repatriate within set timelines

Amendment allows authorised dealer banks to lend in INR to residents of Bhutan, Nepal, Sri Lanka for trade

Regulator allows AD Category-I banks to invest SRV surplus in NCDs, bonds, CPs alongside government securities under FEMA

Regulator allows non-resident SRVA holders to invest rupee surpluses in domestic NCDs, bonds and commercial paper

Penalty under Section 50 FERA unsustainable where minor 5.45% export shortfall and Section 18(1)(a) complied

Contravention of Section 6(3)(i) FEMA deemed civil breach without mens rea; Section 13(1) penalty reduced, confiscation set aside

Central bank allows non-resident rupee account holders to trade dated government securities, T-bills, NCDs and commercial paper under Reg. 7(1)

Central bank allows banks to reconcile and close export/import EDPMS/IDPMS entries up to Rs 10 lakh per bill under FEMA

Regulator extends permitted forex outlay period for merchanting trade from four to six months under FEMA; banks must notify customers

Contravention of Section 9(1)(b) and 9(1)(d) upheld; voluntary confessional statement admissible; penalty reduced to Rs.5,00,000, confiscation affirme...