https://www.taxtmi.com/article/detailed?id=14183 Compounding under FEMA permits voluntary settlement of certain foreign exchange contraventions under Section 15 and the 2024 Compounding Rules, with the RBI empowered to compound specified categories (FDI, ODI, ECBs, liaison/branch offices) subject to exclusions for money laundering, terror financing, national security concerns, offences under Section 3(a), prior adjudication, and recent repeat contraventions. Applications via PRAVAAH or physically require a filing fee and supporting documents; RBI applies a fixed plus variable penalty matrix considering unfair gains, government loss, nature and duration of the breach, and mandates payment within a short statutory deadline following the compounding order. en-us Tue, 22 Apr 2025 08:49:52 +0530 Tue, 22 Apr 2025 08:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14183 Compounding under FEMA permits voluntary settlement of certain foreign exchange contraventions under Section 15 and the 2024 Compounding Rules, with the RBI empowered to compound specified categories (FDI, ODI, ECBs, liaison/branch offices) subject to exclusions for money laundering, terror financing, national security concerns, offences under Section 3(a), prior adjudication, and recent repeat contraventions. Applications via PRAVAAH or physically require a filing fee and supporting documents; RBI applies a fixed plus variable penalty matrix considering unfair gains, government loss, nature and duration of the breach, and mandates payment within a short statutory deadline following the compounding order. Articles FEMA - Foreign Exchange Management Tue, 22 Apr 2025 08:49:52 +0530 https://www.taxtmi.com/article/detailed?id=14183