Revision of monetary limit for adjudication under FEMA,1999
Ministry of Finance has revised the monetary limits for adjudication under FEMA,1999.
As per the new limits, the Ministry has designated officers of the Directorate of Enforcement as the Adjudicating Authorities for holding an inquiry after giving a reasonable opportunity of being heard for the purpose of imposing any penalty under section 13 of the said Act.
The Table showing the Revision of monetary limit for adjudication under FEMA,1999 is as under:
| Sl. No. | Designation of Officers | Monetary limit |
| (1) | (2) | (3) |
| 1 | Special Director of Enforcement | Cases involving amount exceeding rupees twenty five crores |
| 2 | Additional Director of Enforcement | Cases involving amount upto rupees twenty five crores but not less than five crores |
| 3 | Joint Director of Enforcement | Cases involving amount upto rupees twenty five crores but not less than five crores |
| 4 | Deputy Director of Enforcement | Cases involving amount upto rupees five crores and not less than two crores |
| 5 | Assistant Director of Enforcement | Cases involved of amount not exceeding rupees two crores |
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