u/Diligent_Narwhal1877

Dear All

I purchased physical gold on my father's name and Unknowingly I made that bank transfer to merchant via NRE account. What is the implication of this? I understood from my CA friend that this is FEMA violation. Is there any penalty for this?

Dear All

I purchased physical gold on my father's name and Unknowingly I made that bank transfer to merchant via NRE account. What is the implication of this? I understood from my CA friend that's this is FEMA violation, how to fix this?