Contraventions which cannot be compounded [ Section 15 read with Rule 9 of Foreign Exchange (Compounding Proceedings) Rules, 2024 ]

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....ney-laundering, terror financing or affecting the sovereignty and integrity of the nation, the compounding authority shall not proceed with the matter and shall remit the case to the appropriate Adjudicating Authority for adjudicating contravention under section 13; or • (d) where the Adjudicating Authority has already passed an order imposing penalty under section 13 of the Act; or • (e) where the compounding authority is of the view that the contravention involved requires further investigation by the Directorate of Enforcement to ascertain the amount of contravention under section 13 of the Act. Certain cases not eligible for compounding [ As per Para 4 of Guidelines for compounding of contraventions und....

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.... (v) Compliance with reporting requirements; (vi) any other such corrective action as may be required 4.3 Contraventions of serious nature viz. transactions suspected of money laundering, terror financing or affecting sovereignty and integrity of the nation or where the contravener fails to pay the sum for which contravention was compounded within the specified period in terms of the compounding order, shall be referred to the DoE for further investigation and necessary action under the Act. 4.4 Further, in terms of the Rule 9 of Compounding Rules, 2024, transactions, in which amount involved is not quantifiable or, attracting provisions of Section 37A of the Act or, where the Adjudicating Authority has already pa....