https://www.taxtmi.com/circulars?id=67826 The Reserve Bank, under FEMA, 1999 and the Foreign Exchange (Compounding Proceedings) Rules, 2024, prescribes procedures for compounding contraventions under section 13 (except section 3(a)), including jurisdictional allocation, application channels and fees, eligibility and exclusions, required administrative corrective actions, factors and a guidance matrix for computing compounding amounts (subject to a 300% cap and other provisos), timelines for orders (180 days) and payment (15 days), and processes for referral to the Directorate of Enforcement where contraventions are serious or ineligible for compounding. en-us Tue, 01 Oct 2024 00:00:00 +0530 Mon, 07 Oct 2024 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67826 The Reserve Bank, under FEMA, 1999 and the Foreign Exchange (Compounding Proceedings) Rules, 2024, prescribes procedures for compounding contraventions under section 13 (except section 3(a)), including jurisdictional allocation, application channels and fees, eligibility and exclusions, required administrative corrective actions, factors and a guidance matrix for computing compounding amounts (subject to a 300% cap and other provisos), timelines for orders (180 days) and payment (15 days), and processes for referral to the Directorate of Enforcement where contraventions are serious or ineligible for compounding. Circulars FEMA Tue, 01 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67826