https://www.taxtmi.com/circulars?id=11143 Compounding under FEMA is a voluntary settlement mechanism administered by the Reserve Bank (except clause (a) of Section 3 matters handled by the Directorate of Enforcement). Applications in prescribed form with fee are submitted to the Compounding Authority, which may call for documents, hold personal hearings and conclude proceedings within the prescribed period. The Compounding Order specifies the provisions contravened and the sum to be paid; quantum is determined at the discretion of the Authority based on factors such as unfair gain, loss to the exchequer, repetitiveness and the contravener's conduct. Non-quantifiable, money-laundering, national security or serious regulatory breaches are excluded and referred for investigation. en-us Fri, 01 Jul 2011 00:00:00 +0530 Wed, 02 Jan 2013 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11143 Compounding under FEMA is a voluntary settlement mechanism administered by the Reserve Bank (except clause (a) of Section 3 matters handled by the Directorate of Enforcement). Applications in prescribed form with fee are submitted to the Compounding Authority, which may call for documents, hold personal hearings and conclude proceedings within the prescribed period. The Compounding Order specifies the provisions contravened and the sum to be paid; quantum is determined at the discretion of the Authority based on factors such as unfair gain, loss to the exchequer, repetitiveness and the contravener's conduct. Non-quantifiable, money-laundering, national security or serious regulatory breaches are excluded and referred for investigation. Circulars FEMA Fri, 01 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11143