https://www.taxtmi.com/article/detailed?id=8347 The rules permit voluntary compounding of FEMA contraventions by admitting breaches and paying a determined sum, subject to exclusions for section 3(a) matters and cases suspected of money laundering, terror financing or threats to sovereignty; compounding authority is vested in graded RBI officers and specified ED officers, with delegated powers to regional offices for enumerated contraventions. Applicants must use prescribed formats, furnish specified undertakings and documents, and meet preconditions (no recent similar compounding, requisite external approvals obtained). RBI examines applications, may call for hearings and documents, applies indicative factors and a guidance matrix to compute amounts, issues a compounding order requiring timely payment, and provides no appeal against the order. en-us Wed, 30 Jan 2019 06:48:42 +0530 Wed, 30 Jan 2019 06:48:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8347 The rules permit voluntary compounding of FEMA contraventions by admitting breaches and paying a determined sum, subject to exclusions for section 3(a) matters and cases suspected of money laundering, terror financing or threats to sovereignty; compounding authority is vested in graded RBI officers and specified ED officers, with delegated powers to regional offices for enumerated contraventions. Applicants must use prescribed formats, furnish specified undertakings and documents, and meet preconditions (no recent similar compounding, requisite external approvals obtained). RBI examines applications, may call for hearings and documents, applies indicative factors and a guidance matrix to compute amounts, issues a compounding order requiring timely payment, and provides no appeal against the order. Articles FEMA - Foreign Exchange Management Wed, 30 Jan 2019 06:48:42 +0530 https://www.taxtmi.com/article/detailed?id=8347