Section 36 of FEMA : Section 36: Directorate Of Enforcement
FEMA
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
Imagine a businessperson, Mr. Sharma, who is importing electronics from a foreign country. He is required to adhere to certain foreign exchange regulations and report his transactions accurately. However, Mr. Sharma underreports the value of his imports to save on customs duties and taxes, which is a violation of the Foreign Exchange Management Act (FEMA), 1999.
The Central Government, under Section 36 of FEMA, has established the Directorate of Enforcement (ED) to oversee and enforce the provi...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!