Compounding under FEMA
This query is : Resolved
04 August 2009
Kindly tell me that if we apply for compounding with RBI then what are the implications which could arise and to what extent after application being made.
10 February 2013
The RBI shall give you personal hearing to give your version of reasons for the offence for which compounding is sought for, then after that normally within week you shall get the compounding order and you are required to pay the compounding amount within 15 days of receipt of order.
If compounding amount is not paid within 15 days then the compounding order becomes NULL.
Anuj
Femaquery@gmail.com
If compounding amount is not paid within 15 days then the compounding order becomes NULL.
Anuj
Femaquery@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
