https://www.taxtmi.com/circulars?id=68528 The Master Direction consolidates RBI's framework for compounding of contraventions under FEMA, 1999 and the Compounding Rules, 2024, setting eligibility and exclusions (including non-compoundable categories such as Section 3(a), repeat contraventions within three years, unquantifiable amounts, and matters involving suspected money laundering or DoE objections). It prescribes filing and jurisdictional rules, application content and fees, required administrative corrective actions, procedures for assessment, factors influencing compounding amounts, a computation matrix with fixed and variable components and ceilings, hearing protocols, payment mechanisms, and publication of compounding orders. en-us Tue, 22 Apr 2025 00:00:00 +0530 Fri, 25 Apr 2025 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68528 The Master Direction consolidates RBI's framework for compounding of contraventions under FEMA, 1999 and the Compounding Rules, 2024, setting eligibility and exclusions (including non-compoundable categories such as Section 3(a), repeat contraventions within three years, unquantifiable amounts, and matters involving suspected money laundering or DoE objections). It prescribes filing and jurisdictional rules, application content and fees, required administrative corrective actions, procedures for assessment, factors influencing compounding amounts, a computation matrix with fixed and variable components and ceilings, hearing protocols, payment mechanisms, and publication of compounding orders. Circulars FEMA Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68528