https://www.taxtmi.com/acts?id=2008 Section 15 permits compounding of contraventions punishable under section 13 upon an application by the person who committed the contravention. Authorised enforcement and Reserve Bank officers may compound the matter in the prescribed manner within 180 days of receiving the application. Once compounded, no proceeding or further proceeding for that contravention may be initiated or continued under section 13. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 27 Aug 2026 15:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2008 Section 15 permits compounding of contraventions punishable under section 13 upon an application by the person who committed the contravention. Authorised enforcement and Reserve Bank officers may compound the matter in the prescribed manner within 180 days of receiving the application. Once compounded, no proceeding or further proceeding for that contravention may be initiated or continued under section 13. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2008