https://www.taxtmi.com/circulars?id=11456 Compounding under FEMA, 1999 is a voluntary settlement process administered primarily by the Reserve Bank, with the Directorate of Enforcement handling a limited excluded category; applicants must file a prescribed form with supporting documents and fee, the Compounding Authority will assess compoundability and quantify the sum considering gain, loss, economic benefit, repetition and disclosure, hold hearings, and conclude proceedings within the statutory timeframe; payment of the compounded sum by demand draft is required within the specified period and failure to pay invalidates the application, while serious cases may be referred to investigative agencies. en-us Fri, 20 Jan 2012 00:00:00 +0530 Mon, 23 Jan 2012 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11456 Compounding under FEMA, 1999 is a voluntary settlement process administered primarily by the Reserve Bank, with the Directorate of Enforcement handling a limited excluded category; applicants must file a prescribed form with supporting documents and fee, the Compounding Authority will assess compoundability and quantify the sum considering gain, loss, economic benefit, repetition and disclosure, hold hearings, and conclude proceedings within the statutory timeframe; payment of the compounded sum by demand draft is required within the specified period and failure to pay invalidates the application, while serious cases may be referred to investigative agencies. Circulars FEMA Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11456