Renault received only a two-year suspended ban from the series, for ordering former driver Nelson Piquet Jr to deliberately crash at the Singapore Grand Prix last year
The team will be permanently disqualified from the sport if it breaches the FIA's rules within the next two years.
Flavio Briatore, who quit as Renault team principal last week, has been banned indefinitely from any F1 activities by the World Motor Sport Council.
Engineering executive director Pat Symonds, who also left Renault last week, was banned for five years after expressing his "eternal regret and shame" that he participated in the conspiracy.
FIA president Max Mosley said, "We gave them a suspended sentence because Renault demonstrated that the team had no responsibility and the company even less. The penalty for Briatore is that he is no longer associated with the FIA series."
Piquet Jr., who was given immunity by FIA, was ordered to crash at last year's Singapore Grand Prix to help teammate Fernando Alonso win. The introduction of the safety car on the 13th lap after Piquet Jr.'s crash helped Alonso win the race, as he had just made an early pit stop and could move up the field when the other cars had to refuel.
Fernando Alonso, the Renault driver who eventually won the Singapore race, attended the hearing in Paris and was cleared of any wrongdoing.
"He answered all the questions and demonstrated that he had no responsibility in the case," Mosley said.