RBI Eliminates Previous Order Linkage in FEMA Compounding; Fresh Applications to Be Considered Independently
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- By Chetan Kulasri
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- Last Updated on 24 April, 2025
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Circular No. RBI/FED/2025-26/29 A.P. (DIR Series) Circular. No 02/2025-26, Dated 22.04.2025
The RBI has revised its directions on the Compounding of Contraventions under FEMA, 1999. The earlier provision that linked the compounding amount payable to a previous compounding order has been reviewed. Now, each application will be treated as a fresh one, and the compounding amount will no longer be linked to any earlier compounding orders. Further, to avoid delays, applicants must now share more details like mobile number, payment office, etc. with their payment.
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