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            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

            Provisions expressly mentioned in the judgment/order text.

            <h1>Compounding of contraventions under FEMA sets fixed and variable penalty elements, subject to caps and mitigating factors.</h1> The Reserve Bank assesses compounding applications under the Compounding Rules, 2024, may call for additional information, and applies a guidance matrix combining fixed fees and variable charges based on amount under contravention or duration, with specific categories for reporting, submission delays, allotment/refund, guarantees and other non reporting contraventions. The payable amount is subject to a ceiling of three times the sum involved, interest based caps for small sums, multipliers for delayed allotment/refund scenarios, addition for undue gains, and possible enhancement where prior compounding amounts remain unpaid.

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