https://www.taxtmi.com/news?id=4560 The Reserve Bank of India clarified that appearing for a personal hearing in compounding under FEMA is optional; applicants may submit prescribed information with or after the application, may choose whether to appear, and are encouraged to appear personally rather than be represented, with the choice having no effect on the penalty. Rule 8(2) requires the compounding authority to afford an opportunity to be heard and to decide compounding applications expeditiously within the prescribed timeframe. en-us Fri, 18 Jan 2013 16:02:20 +0530 Fri, 18 Jan 2013 16:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4560 The Reserve Bank of India clarified that appearing for a personal hearing in compounding under FEMA is optional; applicants may submit prescribed information with or after the application, may choose whether to appear, and are encouraged to appear personally rather than be represented, with the choice having no effect on the penalty. Rule 8(2) requires the compounding authority to afford an opportunity to be heard and to decide compounding applications expeditiously within the prescribed timeframe. News - Fri, 18 Jan 2013 16:02:20 +0530 https://www.taxtmi.com/news?id=4560