Compounding non payment treated as no application, triggering resumption of FEMA contravention and enforcement proceedings. Failure to pay the amount specified in a compounding order within the prescribed period results in the applicant being treated as if no compounding ... Summary
Compounding non payment treated as no application, triggering resumption of FEMA contravention and enforcement proceedings.
Failure to pay the amount specified in a compounding order within the prescribed period results in the applicant being treated as if no compounding application was made, whereupon the statutory contravention regime under FEMA, 1999 applies and the matter is referred for enforcement action.
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