https://www.taxtmi.com/circulars?id=53685 Compounding under FEMA, 1999 provides a voluntary administrative mechanism by which persons admitting quantifiable contraventions may apply to the Compounding Authority for settlement on payment of a specified sum. The Master Circular consolidates procedures, application formats and supporting annexures, delegates compounding powers among RBI officers and Regional Offices (with certain jurisdictional limits), and prescribes timelines, optional personal hearings, factors for determining the compounding quantum, post-order payment obligations and exclusions including referral of serious or money laundering related matters to enforcement agencies. en-us Wed, 01 Jul 2015 00:00:00 +0530 Tue, 14 Jul 2015 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53685 Compounding under FEMA, 1999 provides a voluntary administrative mechanism by which persons admitting quantifiable contraventions may apply to the Compounding Authority for settlement on payment of a specified sum. The Master Circular consolidates procedures, application formats and supporting annexures, delegates compounding powers among RBI officers and Regional Offices (with certain jurisdictional limits), and prescribes timelines, optional personal hearings, factors for determining the compounding quantum, post-order payment obligations and exclusions including referral of serious or money laundering related matters to enforcement agencies. Circulars FEMA Wed, 01 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53685