https://www.taxtmi.com/acts?id=2157 Power to compound contraventions under FEMA is delegated to specified Reserve Bank officers according to monetary thresholds; compounding requires the amount to be quantifiable. A contravention is not eligible for compounding if it occurs within three years of a previously compounded contravention by the same person, with later contraventions treated as first contraventions. Designated officers act under the Governor's direction and compounding applications must be filed in the prescribed form with the Exchange Control Department alongside the prescribed demand draft fee. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 26 Jun 2025 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2157 Power to compound contraventions under FEMA is delegated to specified Reserve Bank officers according to monetary thresholds; compounding requires the amount to be quantifiable. A contravention is not eligible for compounding if it occurs within three years of a previously compounded contravention by the same person, with later contraventions treated as first contraventions. Designated officers act under the Governor's direction and compounding applications must be filed in the prescribed form with the Exchange Control Department alongside the prescribed demand draft fee. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2157