https://www.taxtmi.com/manuals?id=5243 Compounding of FEMA contraventions is governed by Section 15 and the 2024 Compounding Rules, under which designated RBI and Enforcement Directorate officers act as Compounding Authorities. Applications in the prescribed form with the prescribed fee must be decided within 180 days; the compounding sum is payable within fifteen days by permitted electronic or bank modes. Jurisdictional thresholds determine which officer may compound based on the amount involved. A three-year bar prevents compounding for similar contraventions within three years of a prior compounding. Failure to pay the compounding sum negates the application and exposes the person to the Act's contravention provisions. en-us Thu, 19 Sep 2024 15:25:00 +0530 Tue, 17 Feb 2026 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5243 Compounding of FEMA contraventions is governed by Section 15 and the 2024 Compounding Rules, under which designated RBI and Enforcement Directorate officers act as Compounding Authorities. Applications in the prescribed form with the prescribed fee must be decided within 180 days; the compounding sum is payable within fifteen days by permitted electronic or bank modes. Jurisdictional thresholds determine which officer may compound based on the amount involved. A three-year bar prevents compounding for similar contraventions within three years of a prior compounding. Failure to pay the compounding sum negates the application and exposes the person to the Act's contravention provisions. Manuals FEMA Thu, 19 Sep 2024 15:25:00 +0530 https://www.taxtmi.com/manuals?id=5243