ORDER

24.07.2024 This Order disposes of the Appeals Nos. FPA-FE-

167/DLI/2005, FPA-FE-168/DLI/2005 and FPA-FE- 169/DLI/2005 filed by M/s. Ambassador Construction (P) Ltd., Shri Vikram Singh and Shri R. C. Jain respectively, against the Order No. SDE(SKP)III/273/2004 dated 21.12.2004 passed by the Special Director, Enforcement Directorate, New Delhi. Penalty of Rs. 30 lakhs has been imposed for the contravention of Section 9(1)(c) of Foreign Exchange Regulation Act, 1973 (FERA) upon the Appellant Company M/s. Ambassador Construction (P) Ltd. Penalty of Rs. 2 Lakhs each has been imposed upon Shri Vikram Singh and on Shri R. C. Jain for contravention of Section 9 (1)(c) of FERA read with Section 68(1) ibid. Further, imposition of penalty of Rs. 5 lakhs was made on Shri Vikram Singh for contravention of Section 8(1) of FERA.

2. The Appellants challenged the Order dated 05.02.2007 of this Tribunal rejecting the applications for the waiver of pre- deposit of penalties before the Hon‟ble Delhi High Court. On rejection of their challenge by the Hon‟ble Delhi High Court, the Appellants moved the Hon‟ble Supreme Court where too the challenge was rejected. Consequently, the penalties were paid