Rule 8 - Procedure for Compounding - FOREIGN EXCHANGE (COMPOUNDING PROCEEDINGS) RULES 2000.

8. Procedure for Compounding: (1)The Compounding Authority may call for any information, record or any other documents relevant to the compounding proceedings. (2) The Compounding Authority shall pass an order of compounding after affording an opportunity of being heard to all the concerned as expeditiously as possible and not later than 180 days from the date of application. 1 [ Provided that with respect to any proceeding initiated under rule 4, if the Enforcement Directorate is of the view that the said proceeding relates to a serious contravention suspected of money laundering, terror financing or affecting sovereignty and integrity of the nation, the Compounding Authority shall not proceed with the matter and shall remit the case to the appropriate Adjudicating Authority for adjudicating contravention under section 13 ] ------------------- Notes:- 1. Inserted vide G.S.R. 151(E) - Dated 20-2-2017