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...

Appeals allowed; Section 3(a) FEMA breach not proved, no admissible evidence of foreign remittance, penalties quashed

Regulator amends Master Direction allowing AD Category-III standalone primary dealers to trade non-deliverable rupee derivatives with residents and ba...

Appellant ordered to deposit 25% pre-deposit after waiver denied due to prima facie bogus export and hawala findings

s.3(c) violation for receipt and distribution of Hawala funds upheld; s.37 statements relied on; penalty reduced to Rs 8,00,000

Appeals dismissed for failing mandatory pre-deposit under second proviso to Section 19(1) of FEMA, 1999

Appeal allowed: 'Persons' under Section 10(5) and Para 8, Part B includes companies and firms; penalty set aside

Appeal partly allowed; liability affirmed for all, Respondents 2 and 3 fined Rs 1,00,00,000 each for FEMA contraventions

Penalty enhancement under Section 19(1) set aside where respondents not masterminds and offences under Section 3(b), 10(6) Reg.6(1) unproven

Appeal dismissed; FEMA penalty for failure to realize export proceeds upheld, discretionary reduction properly applied

Non-residents Can Invest Rupee Surplus in Government Securities Under FEMA Rules 1999 and Master Direction 2025

FEMA penalties reduced for unauthorized FDI remittances; individual fines moderated under Section 42 liability rules

Penalty upheld under FEMA Section 13(1) for illegal land purchase; mens rea not required for civil penalty reduction granted

Penalty of Rs. 80 Lakhs Imposed for FEMA Violations on Export Proceeds and Import Bill Remittance Under Section 13

Category-I Banks Can Open Special Rupee Vostro Accounts Without RBI Approval Under FEMA 1999

Order quashed for relying on unauthenticated foreign document under FEMA rules, no evidence against appellants found

Compounding Applications Must Be Filed Before Adjudication Under Section Rules, Post-Order Requests Are Invalid

Penalty upheld under Sections 10(4) and 10(5) of FEMA for unauthorized foreign satellite transponder hire