https://www.taxtmi.com/circulars?id=52268 Compounding under FEMA is a voluntary statutory mechanism for settlement of admitted, quantifiable contraventions administered mainly by the Reserve Bank of India under Section 15 and the Compounding Rules, 2000; applications must follow prescribed formats with supporting annexes, are subject to CA discretion in assessing compoundability and quantifying sums by reference to factors like unfair gain and loss to the exchequer, and on payment and compliance result in discharge from further proceedings, whereas non payment or serious issues may lead to enforcement referrals. en-us Mon, 01 Jul 2013 00:00:00 +0530 Wed, 10 Jul 2013 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52268 Compounding under FEMA is a voluntary statutory mechanism for settlement of admitted, quantifiable contraventions administered mainly by the Reserve Bank of India under Section 15 and the Compounding Rules, 2000; applications must follow prescribed formats with supporting annexes, are subject to CA discretion in assessing compoundability and quantifying sums by reference to factors like unfair gain and loss to the exchequer, and on payment and compliance result in discharge from further proceedings, whereas non payment or serious issues may lead to enforcement referrals. Circulars FEMA Mon, 01 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52268