{"id":214229,"date":"2019-05-07T17:30:18","date_gmt":"2019-05-07T12:00:18","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=214229"},"modified":"2019-05-07T15:09:18","modified_gmt":"2019-05-07T09:39:18","slug":"fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/","title":{"rendered":"FEMA | Onus to prove non-filing of SDF lies on Enforcement Directorate, if letter of credit opened by overseas buyer is negotiated by Authorised Dealer against a shipping bill"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS &amp; PBPT Act: <\/strong>Manmohan Singh, J. set aside Enforcement Directorate\u2019s order imposing a penalty on a company for contravention of provisions of Foreign Exchange Management Act, 1999.<\/p>\n<p style=\"text-align: justify;\">Appellant company which was engaged in the manufacturing of graphite electrodes, received an order from a company Padmaja Impex Ltd. for supply of carbon bricks On appellant\u2019s insistence for full payment before delivery of carbon bricks, Padmaja got an overseas buyer to open a letter of credit (LC) in the appellant\u2019s name, whereafter appellant delivered the bricks to Padmaja. The LC was encashed later on by the appellant. ED initiated investigation against certain exporters including Padmaja, and notice was issued to appellant alleging contravention of Section 3(a) for receiving USD 256,604 through encashing LC, from the overseas buyer; and subsequent to a hearing penalty was imposed on it. Thus, the present appeal.<\/p>\n<p style=\"text-align: justify;\">Appellant submitted that Regulation 12 of the Foreign Exchange Management (Export of Goods &amp; Services) Regulation, 2000 allows a person other than exporter to receive a foreign exchange, subject to fulfillment of certain conditions by the Authorized Dealer of the constituent. It was submitted that ED\u2019s sole reason for dismissing Regulation 12 was the presumption that Padmaja had not furnished any proof of filing declaration (SDF). However, mere failure to submit proof of filing of SDF by Padmaja could not lead to a conclusion that no such SDF was filed by Padmaja at the time of export of goods. No enquiry was conducted to ascertain factual position with respect to filing of SDF.<\/p>\n<p style=\"text-align: justify;\">The Tribunal noted that it was a matter of fact that LC opened by the overseas buyer was negotiated by the Authorised Dealer against a shipping bill. Therefore, the presumption must be that all conditions prescribed under Regulation 12 had duly complied including the condition with respect to SDF. In absence of any evidence, it could not be assumed that Authorised Dealer had accepted shipping documents without SDF. It was observed that the onus was on the ED to prove that Padmaja was allowed export without filing of SDF, and also that the documents were negotiated by the Authorised Dealer without SDF.<\/p>\n<p style=\"text-align: justify;\">In view of the above, the appeal was allowed.[Graphite India Ltd. v. Joint Director, Directorate of Enforcement, Chennai, FPA-FE-12-13\/CHN\/2016, decided on 26-03-2019]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS &amp; PBPT Act: Manmohan Singh, J. set aside Enforcement Directorate\u2019s order imposing a penalty on <\/p>\n","protected":false},"author":8808,"featured_media":214420,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,11],"tags":[35267,35265,34015,35268,35266,2627],"class_list":["post-214229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-tribunals_commissions_regulatorybodies","tag-enforcement-directorate","tag-foreign-exchange-management-export-of-goods-services-regulation","tag-foreign-exchange-management-act","tag-letter-of-credit","tag-non-filing-of-sdf","tag-Penalty"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FEMA | Onus to prove non-filing of SDF lies on Enforcement Directorate, if letter of credit opened by overseas buyer is negotiated by Authorised Dealer against a shipping bill | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FEMA | Onus to prove non-filing of SDF lies on Enforcement Directorate, if letter of credit opened by overseas buyer is negotiated by Authorised Dealer against a shipping bill\" \/>\n<meta property=\"og:description\" content=\"Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS &amp; PBPT Act: Manmohan Singh, J. set aside Enforcement Directorate\u2019s order imposing a penalty on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-07T12:00:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/05\/APPELLATE-TRIBUNAL-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/\",\"name\":\"FEMA | Onus to prove non-filing of SDF lies on Enforcement Directorate, if letter of credit opened by overseas buyer is negotiated by Authorised Dealer against a shipping bill | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/05\/APPELLATE-TRIBUNAL-.jpg\",\"datePublished\":\"2019-05-07T12:00:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/05\/APPELLATE-TRIBUNAL-.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/05\/APPELLATE-TRIBUNAL-.jpg\",\"width\":1330,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FEMA | Onus to prove non-filing of SDF lies on Enforcement Directorate, if letter of credit opened by overseas buyer is negotiated by Authorised Dealer against a shipping bill\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FEMA | Onus to prove non-filing of SDF lies on Enforcement Directorate, if letter of credit opened by overseas buyer is negotiated by Authorised Dealer against a shipping bill | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/","og_locale":"en_US","og_type":"article","og_title":"FEMA | Onus to prove non-filing of SDF lies on Enforcement Directorate, if letter of credit opened by overseas buyer is negotiated by Authorised Dealer against a shipping bill","og_description":"Appellate Tribunal for SAFEMA, FEMA, PMLA, NDPS &amp; PBPT Act: Manmohan Singh, J. set aside Enforcement Directorate\u2019s order imposing a penalty on","og_url":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2019-05-07T12:00:18+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/05\/APPELLATE-TRIBUNAL-.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/","url":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/","name":"FEMA | Onus to prove non-filing of SDF lies on Enforcement Directorate, if letter of credit opened by overseas buyer is negotiated by Authorised Dealer against a shipping bill | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/05\/APPELLATE-TRIBUNAL-.jpg","datePublished":"2019-05-07T12:00:18+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/05\/APPELLATE-TRIBUNAL-.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/05\/APPELLATE-TRIBUNAL-.jpg","width":1330,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/07\/fema-onus-to-prove-non-filing-of-sdf-lies-on-enforcement-directorate-if-letter-of-credit-opened-by-overseas-buyer-is-negotiated-by-authorised-dealer-against-a-shipping-bill\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"FEMA | Onus to prove non-filing of SDF lies on Enforcement Directorate, if letter of credit opened by overseas buyer is negotiated by Authorised Dealer against a shipping bill"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/05\/APPELLATE-TRIBUNAL-.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":269929,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/07\/12\/karnataka-high-court-writ-petition-by-xiaomi-india-premature-when-alternate-remedy-available-under-s-37-fema-1999-left-unattended\/","url_meta":{"origin":214229,"position":0},"title":"Karnataka High Court | Writ petition by XIAOMI India premature when alternate remedy available under S. 37 FEMA, 1999 left unattended","author":"Editor","date":"July 12, 2022","format":false,"excerpt":"\u00a0 \u00a0 Karnataka High Court: S G Pandit, J. declared the present writ petition filed by XIAOMI India under Article 226 of the Constitution of India as premature as Section 37 of Foreign Exchange Management Act (\u2018FEMA'), 1999 provides complete mechanism to decide the alleged contravention of Section 4 of\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Karnataka High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/karnataka_high_court.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/karnataka_high_court.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/karnataka_high_court.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/karnataka_high_court.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/07\/karnataka_high_court.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":337589,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/12\/19\/delhi-high-court-quashes-ed-noc-rejection-times-internet-overseas-investments-legal-news\/","url_meta":{"origin":214229,"position":1},"title":"[FEMA] Delhi High Court quashes ED&#8217;s NOC rejection for Times Internet Limited and Bennett Coleman overseas investments","author":"Arunima","date":"December 19, 2024","format":false,"excerpt":"The impugned communications do not disclose any substantive reason for rejecting the NOC. A rejection of such import, devoid of any rationale or justification, is arbitrary and falls afoul of the principles of natural justice.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Delhi High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Delhi-High-Court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":268207,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/06\/10\/fema-xiaomi-saga\/","url_meta":{"origin":214229,"position":2},"title":"FEMA Xiaomi Saga","author":"Bhumika Indulia","date":"June 10, 2022","format":false,"excerpt":"by Dr Srikant Parthasarathy\u2020 and Dr Amirthalakshmi R\u2020\u2020","rel":"","context":"In &quot;Op Eds&quot;","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-152-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-152-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-152-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-152-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/06\/MicrosoftTeams-image-152-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":330828,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/09\/16\/mof-notifies-foreign-exchange-compounding-proceedings-rules-2024-legal-news\/","url_meta":{"origin":214229,"position":3},"title":"MoF notifies new rules for compounding under FEMA","author":"Kriti","date":"September 16, 2024","format":false,"excerpt":"Payment of the amount compounded will be done electronically and within 15 days from the date of compounding order.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"ministry of finance","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/ministry-of-finance.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/ministry-of-finance.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/ministry-of-finance.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/08\/ministry-of-finance.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":240366,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/09\/fema-non-debt-instruments-rules-amendments-to-fema-non-debt-instruments-2019-rules-introduced\/","url_meta":{"origin":214229,"position":4},"title":"FEMA (Non-Debt Instruments) Rules| Amendments to FEMA (Non-Debt Instruments), 2019 Rules introduced","author":"Bhumika Indulia","date":"December 9, 2020","format":false,"excerpt":"Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2020 The Central Government makes the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2020, to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. In the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, in rule 6, in clause (a), after the\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":372328,"url":"https:\/\/www.scconline.com\/blog\/post\/2026\/01\/12\/foreign-exchange-management-guarantees-regulations-2026\/","url_meta":{"origin":214229,"position":5},"title":"Foreign Exchange Management (Guarantees) Regulations, 2026 &#8211; Key Provisions, Exemptions &#038; Reporting Requirements","author":"Kriti","date":"January 12, 2026","format":false,"excerpt":"Reserve Bank of India introduced the Foreign Exchange Management (Guarantees) Regulations, 2026, replacing the 2000 framework. These regulations govern cross-border guarantees by Indian residents under FEMA, 1999. They outline prohibitions, exemptions, conditions for acting as surety or principal debtor, and reporting requirements. The aim is to ensure compliance, transparency, and\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Foreign Exchange Management (Guarantees) Regulations 2026","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/Foreign-Exchange-Management-Guarantees-Regulations-2026.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/Foreign-Exchange-Management-Guarantees-Regulations-2026.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/Foreign-Exchange-Management-Guarantees-Regulations-2026.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/Foreign-Exchange-Management-Guarantees-Regulations-2026.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/214229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=214229"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/214229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/214420"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=214229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=214229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=214229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}