Compounding Authority and Their Underlying Pecuniary Jurisdiction under FEMA
The Ministry of Finance notified Foreign Exchange (Compounding Proceedings) Rules, 2024 (“Rules”) on September 12, 2024, which supersedes the erstwhile rules laid out in the year 2000. The provisions came into effect on 12.09.2024. Key changes incorporated within the Rules are mentioned below: KEY CHANGES:- Compounding authority and their underlying pecuniary jurisdiction: The Rules modified the […]
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