https://www.taxtmi.com/acts?id=44006 Reserve Bank officers may compound contraventions of the Act (excluding clause (a) of section 3) under delegated ranks tied to the amount involved: Assistant General Manager for sums up to sixty lakh rupees; Deputy General Manager for sums up to two and a half crore rupees; General Manager for sums up to five crore rupees; and Chief General Manager for sums above five crore rupees. Compounding is subject to the Governor's direction, and is inapplicable for contraventions occurring within three years of a similar compounded contravention. Applications must be made in the prescribed form to the Foreign Exchange Department with a fee of ten thousand rupees plus applicable GST, payable by demand draft, NEFT or other permitted electronic modes. en-us Fri, 13 Sep 2024 11:44:36 +0530 Tue, 27 May 2025 13:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=44006 Reserve Bank officers may compound contraventions of the Act (excluding clause (a) of section 3) under delegated ranks tied to the amount involved: Assistant General Manager for sums up to sixty lakh rupees; Deputy General Manager for sums up to two and a half crore rupees; General Manager for sums up to five crore rupees; and Chief General Manager for sums above five crore rupees. Compounding is subject to the Governor's direction, and is inapplicable for contraventions occurring within three years of a similar compounded contravention. Applications must be made in the prescribed form to the Foreign Exchange Department with a fee of ten thousand rupees plus applicable GST, payable by demand draft, NEFT or other permitted electronic modes. Act-Rules FEMA Fri, 13 Sep 2024 11:44:36 +0530 https://www.taxtmi.com/acts?id=44006