https://www.taxtmi.com/news?id=27876 The Foreign Exchange (Compounding Proceedings) Rules, 2024, notified under FEMA, supersede the 2000 Rules and create a streamlined framework to simplify and clarify compounding procedures for foreign exchange contraventions. They prioritise expedited processing of compounding applications, introduce digital payment options for fees and compounding amounts, and rationalise provisions to promote ease of investment and ease of doing business, following consultation with financial sector authorities. en-us Thu, 12 Sep 2024 17:28:35 +0530 Thu, 12 Sep 2024 17:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27876 The Foreign Exchange (Compounding Proceedings) Rules, 2024, notified under FEMA, supersede the 2000 Rules and create a streamlined framework to simplify and clarify compounding procedures for foreign exchange contraventions. They prioritise expedited processing of compounding applications, introduce digital payment options for fees and compounding amounts, and rationalise provisions to promote ease of investment and ease of doing business, following consultation with financial sector authorities. News - Thu, 12 Sep 2024 17:28:35 +0530 https://www.taxtmi.com/news?id=27876