https://www.taxtmi.com/caselaws?id=390792 The court set aside the RBI's order rejecting the compounding application and directed a fresh decision in compliance with Rule 8, emphasizing the necessity of providing a hearing before deciding on compounding contraventions. The court highlighted that the proviso to Rule 8 should not negate the requirement of a hearing and that the RBI must consider objections and afford a hearing before remitting cases related to money-laundering contraventions. The judgment stressed the importance of procedural fairness and compliance with compounding rules. en-us Thu, 12 Sep 2019 00:00:00 +0530 Sat, 11 Jan 2020 07:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390792 The court set aside the RBI's order rejecting the compounding application and directed a fresh decision in compliance with Rule 8, emphasizing the necessity of providing a hearing before deciding on compounding contraventions. The court highlighted that the proviso to Rule 8 should not negate the requirement of a hearing and that the RBI must consider objections and afford a hearing before remitting cases related to money-laundering contraventions. The judgment stressed the importance of procedural fairness and compliance with compounding rules. Case-Laws FEMA Thu, 12 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390792