Write a detailed note on contraventions and penalties under foreign exchange management act 2000
Write a detailed note on contraventions and penalties under foreign exchange management act 2000
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Nancy Dutta
Foreign Exchange (Compounding Proceedings) Rules, 2000 (‘Rule’ for short) gives powers to the following officers of RBI according to monetary limit in contravention of any of the provisions of the Act except Sec. … Where the sum involved in contravention is Rs. 10 lakhs or more