FAST DS - Budget 2026

This is regarding Foreign Asset Disclosure scheme introduced in Budget 2026. A person with RSU /ESPP has not declared the foreign shares for long time and also foreign dividend. In this case, if opting for this, do you have to pay both 30% of FMV  + 30% undisclosed Income + penalty @ 30%?  Has the scheme come into effect or guidelines issued? 

If not can we declare the same in this year return under FA schedule? 

Your valuable insights are appreciated. thanks.