https://www.taxtmi.com/circulars?id=54195 Compounding under FEMA permits the Reserve Bank to settle quantifiable contraventions on application, exercised by authorised RBI officers and delegated regional offices subject to exclusions for section 3(a), serious misconduct, or ongoing adjudication. Complete prescribed applications with annexures and undertakings must be submitted and the Compounding Authority assesses quantifiability, may call for documents, affords an opportunity of being heard, applies the guidance matrix to determine the payable amount considering factors like unfair gain and repetition, and issues a compounding order specifying contraventions and payment instructions; failure to pay invalidates the application. en-us Fri, 01 Jan 2016 00:00:00 +0530 Tue, 23 Sep 2025 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54195 Compounding under FEMA permits the Reserve Bank to settle quantifiable contraventions on application, exercised by authorised RBI officers and delegated regional offices subject to exclusions for section 3(a), serious misconduct, or ongoing adjudication. Complete prescribed applications with annexures and undertakings must be submitted and the Compounding Authority assesses quantifiability, may call for documents, affords an opportunity of being heard, applies the guidance matrix to determine the payable amount considering factors like unfair gain and repetition, and issues a compounding order specifying contraventions and payment instructions; failure to pay invalidates the application. Circulars FEMA Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54195