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What is FEMA Adjudication Procedure Overview about?

1) FEMA regulations apply to both people residing in India and outside India. Investigations into FEMA offenses can be conducted by the RBI, Enforcement Directorate, or Customs and Excise. 2) For adjudication, a formal complaint must be filed with the Adjudicating Authority. Penalties for breaching FEMA include paying up to 3 times the amount involved or Rs. 3 crores, whichever is less. Continuous offenses can incur penalties of Rs. 5000 per day. Property may also be confiscated. 3) The Adjudicating Aut

Author

Naman Jain

Language

EN