https://www.taxtmi.com/circulars?id=2120 Compounding under FEMA provides an administrative settlement whereby the Compounding Authority may compound specified contraventions on application, after which no further proceedings shall be initiated or continued; the Reserve Bank is empowered to compound most contraventions (excluding certain hawala related contraventions retained by the Directorate of Enforcement), and applicants must submit prescribed form, fee and documents to the Compounding Authority, which will decide within 180 days and require payment of the compounding sum within fifteen days of the order. en-us Tue, 01 Feb 2005 00:00:00 +0530 Fri, 03 Oct 2008 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2120 Compounding under FEMA provides an administrative settlement whereby the Compounding Authority may compound specified contraventions on application, after which no further proceedings shall be initiated or continued; the Reserve Bank is empowered to compound most contraventions (excluding certain hawala related contraventions retained by the Directorate of Enforcement), and applicants must submit prescribed form, fee and documents to the Compounding Authority, which will decide within 180 days and require payment of the compounding sum within fifteen days of the order. Circulars FEMA Tue, 01 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2120