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Rule 11 - Consequences of Failure in Paying sum Compounded - Foreign Exchange (Compounding Proceedings) Rules, 2024Extract Consequences of Failure in Paying sum Compounded . - 11. In case a person fails to pay the sum compounded in accordance with rule 10 within the time specified in that rule, he shall be deemed to have never made an application for compounding of any contravention under these rules, and the provisions of the Act for contravention shall apply to him.
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