Compounding of offences allows quantifiable contraventions to be settled administratively within statutory timeframes, subject to jurisdictional limits and procedural safeguards. Compounding of contraventions under the foreign exchange rules allows designated officers of the Reserve Bank of India and the Enforcement Directorate to settle quantifiable offences through prescribed procedures and fees within statutory time limits; jurisdictional competence is determined by monetary thresholds, three year exclusion rules affect repeat contraventions, applications must be heard and disposed within the timeframe, serious matters may be remitted to the adjudicating authority, compounding orders must be formalised in writing, payment of the compounding sum is required within the ordered period, and failure to pay or the existence of an appeal bars compounding.