https://www.taxtmi.com/acts?id=44006 FEMA contraventions, except those under section 3(a), may be compounded by designated Reserve Bank officers according to the sum involved and their rank. Compounding is barred for a similar contravention committed within three years of earlier compounding, while a later repeat contravention is treated as a first contravention. Applications must be filed in the prescribed form with the Foreign Exchange Department, accompanied by the prescribed fee, applicable goods and services tax, and permitted payment. en-us Fri, 13 Sep 2024 11:44:36 +0530 Mon, 31 Aug 2026 14:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=44006 FEMA contraventions, except those under section 3(a), may be compounded by designated Reserve Bank officers according to the sum involved and their rank. Compounding is barred for a similar contravention committed within three years of earlier compounding, while a later repeat contravention is treated as a first contravention. Applications must be filed in the prescribed form with the Foreign Exchange Department, accompanied by the prescribed fee, applicable goods and services tax, and permitted payment. Act-Rules FEMA Fri, 13 Sep 2024 11:44:36 +0530 https://www.taxtmi.com/acts?id=44006