https://www.taxtmi.com/circulars?id=8128 The Reserve Bank may compound eligible contraventions under the Foreign Exchange Management Act through its Compounding Authority, which exercises discretion to admit and process applications submitted in the prescribed form, assess whether contraventions are quantifiable, afford an opportunity of personal hearing, determine the sum for compounding based on factors such as gain, loss, economic benefit and repeat conduct, and issue a compounding order specifying breached provisions and payment terms; ineligible or serious matters may be referred for investigation and failure to pay has specified consequences. en-us Mon, 28 Jun 2010 00:00:00 +0530 Fri, 02 Jul 2010 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8128 The Reserve Bank may compound eligible contraventions under the Foreign Exchange Management Act through its Compounding Authority, which exercises discretion to admit and process applications submitted in the prescribed form, assess whether contraventions are quantifiable, afford an opportunity of personal hearing, determine the sum for compounding based on factors such as gain, loss, economic benefit and repeat conduct, and issue a compounding order specifying breached provisions and payment terms; ineligible or serious matters may be referred for investigation and failure to pay has specified consequences. Circulars FEMA Mon, 28 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8128