ED Clarifies FEMA as Civil Law, RBI Sole Authority for Compounding Offences

India

17 July 2026 at 9:31 am

ED Clarifies FEMA as Civil Law, RBI Sole Authority for Compounding Offences

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Summary

The Enforcement Directorate clarified that FEMA is a civil law and RBI is the sole authority for compounding eligible offenses, as seen in a recent case involving Apothecon Pharmaceuticals.

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