https://www.taxtmi.com/manuals?id=2945 Section 13 establishes a civil penalty regime for contraventions of the Act, subordinate instruments, and RBI authorisation conditions, with penalties based on whether the sum involved is quantifiable (up to three times the sum) or not (statutory cap), and increased exposure for continuing breaches through additional daily penalties. Sections 13(1A)-(1D) impose enhanced penalties and confiscation for undisclosed foreign assets beyond prescribed thresholds, enable prosecution upon adjudicator recommendation and enforcement approval, and restrict cognizance to complaints by authorised officers. Section 13(2) permits confiscation and repatriation or retention directions. Adjudication is tiered by monetary thresholds among enforcement officers. en-us Wed, 28 Jun 2023 18:06:00 +0530 Tue, 24 Sep 2024 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2945 Section 13 establishes a civil penalty regime for contraventions of the Act, subordinate instruments, and RBI authorisation conditions, with penalties based on whether the sum involved is quantifiable (up to three times the sum) or not (statutory cap), and increased exposure for continuing breaches through additional daily penalties. Sections 13(1A)-(1D) impose enhanced penalties and confiscation for undisclosed foreign assets beyond prescribed thresholds, enable prosecution upon adjudicator recommendation and enforcement approval, and restrict cognizance to complaints by authorised officers. Section 13(2) permits confiscation and repatriation or retention directions. Adjudication is tiered by monetary thresholds among enforcement officers. Manuals FEMA Wed, 28 Jun 2023 18:06:00 +0530 https://www.taxtmi.com/manuals?id=2945