https://www.taxtmi.com/acts?id=8987 The adjudicating authority may determine a settlement amount when a noticee opts for settlement and admits the contravention. Settlement is available where the contravention occurred without mens rea, wilful mistake, suppression of facts, collusion, fraud, forgery or intent to cause loss of foreign exchange, or where an importer failed actual user conditions or export obligations without misutilisation. Once opted, the adjudicating authority's settlement determination is final. en-us Fri, 17 Oct 2008 13:30:52 +0530 Sat, 31 May 2025 11:52:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8987 The adjudicating authority may determine a settlement amount when a noticee opts for settlement and admits the contravention. Settlement is available where the contravention occurred without mens rea, wilful mistake, suppression of facts, collusion, fraud, forgery or intent to cause loss of foreign exchange, or where an importer failed actual user conditions or export obligations without misutilisation. Once opted, the adjudicating authority's settlement determination is final. Act-Rules FEMA Fri, 17 Oct 2008 13:30:52 +0530 https://www.taxtmi.com/acts?id=8987