Under Section 13 of FEMA, 1999, what is the penalty for contravention of any provision of the Act where the amount involved in the contravention is quantifiable?

Explanation:   Section 13 of FEMA, 1999  provides that if any person contravenes any provision of the Act, or any rule, regulation, notification, direction, or order issued thereunder, he shall be liable to a penalty of  up to three times the sum involved  in the contravention where the amount is quantifiable. Where the amount is  not quantifiable , the penalty can be up to  ₹2 lakh . Additionally, if the contravention is a  continuing one , a further penalty of up to  ₹5,000 per day  is imposed for each day the contravention continues after the first day.