Question
What is the penalty for acquiring foreign exchange,
foreign security, or immovable property outside India exceeding the prescribed threshold under FEMA?Solution
Section 13. Penalties: (1A) If any person is found to have acquired any foreign exchange, foreign security or immovable property, situated outside India, of the aggregate value exceeding the threshold prescribed under the proviso to sub-section (1) of section 37A, he shall be liable to a penalty up to three times the sum involved in such contravention and confiscation of the value equivalent, situated in India, the Foreign exchange, foreign security or immovable property.
According to latest Final estimates of Foodgrain production 2023-24, Which state is the largest producer of sugarcane in India?
In Soil Science “Micelle” stands for
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