What happens if the amount is not paid within 15 days of the order? https://www.taxtmi.com/manuals?id=5819 Failure to pay the amount specified in a compounding order within the prescribed period results in the applicant being treated as if no compounding application was made, whereupon the statutory contravention regime under FEMA, 1999 applies and the matter is referred for enforcement action. en-us Thu, 21 Nov 2024 13:02:00 +0530 Thu, 21 Nov 2024 13:02:00 +0530 TaxTMI RSS Generator What happens if the amount is not paid within 15 days of the order? https://www.taxtmi.com/manuals?id=5819 Failure to pay the amount specified in a compounding order within the prescribed period results in the applicant being treated as if no compounding application was made, whereupon the statutory contravention regime under FEMA, 1999 applies and the matter is referred for enforcement action. Manuals FEMA Thu, 21 Nov 2024 13:02:00 +0530 https://www.taxtmi.com/manuals?id=5819