https://www.taxtmi.com/caselaws?id=362665 The court admitted the writ petition, quashed the ED's communication, and directed the RBI to proceed with the compounding applications independently. The court upheld the constitutional validity of the proviso to Rule 8(2) but stressed the necessity of substantial material for invoking it. The decision safeguards the RBI's compounding authority from vague ED communications, ensuring proper scrutiny of contraventions under FEMA. en-us Tue, 26 Jun 2018 00:00:00 +0530 Fri, 29 Jun 2018 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362665 The court admitted the writ petition, quashed the ED's communication, and directed the RBI to proceed with the compounding applications independently. The court upheld the constitutional validity of the proviso to Rule 8(2) but stressed the necessity of substantial material for invoking it. The decision safeguards the RBI's compounding authority from vague ED communications, ensuring proper scrutiny of contraventions under FEMA. Case-Laws FEMA Tue, 26 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362665