Govt. revises monetary limit of adjudicating officers of ED to hold inquiry under FEMA

The Government has revised monetary limit of the officers of Enforcement Directorate as adjudicating authorities to hold an inquiry for the purpose of adjudication u/s 13 of the Foreign Exchange Management Act, 1999. Now cases involving amount exceeding Rs 25 crores shall be dealt by Director of Enforcement and Principal Special Director of Enforcement similarly, cases involving amount upto Rs. 25 Crores shall be dealt by Additional Director of Enforcement.

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