Compounding threshold increases for FEMA proceedings expand monetary bands and raise maximum compounding limits under amended rules. Amendment substitutes higher monetary amounts in rule 4(1) of the Foreign Exchange (Compounding Proceedings) Rules, replacing the former figures in clauses (a)-(d) with larger specified amounts to raise the compounding thresholds and maximum compounding exposure; the amendment takes effect on publication in the Official Gazette and confines itself to textual substitution within rule 4(1).
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Compounding threshold increases for FEMA proceedings expand monetary bands and raise maximum compounding limits under amended rules.
Amendment substitutes higher monetary amounts in rule 4(1) of the Foreign Exchange (Compounding Proceedings) Rules, replacing the former figures in clauses (a)-(d) with larger specified amounts to raise the compounding thresholds and maximum compounding exposure; the amendment takes effect on publication in the Official Gazette and confines itself to textual substitution within rule 4(1).
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