FINAL ORDER

29.01.2026

This Order disposes of the Appeals Nos. FPA-FE-88/HYD/2019 filed by M/s Siri Sea Products Pvt. Ltd. (SSPL) and FPA-FE- 56/HYD/2023 filed by Shri Pentapati Lakshman Swamy, against the Order No. SDE/SRO/HYZO/04/2019(SK) dated 27.09.2019 (Impugned Order), passed by the Special Director, Enforcement Directorate, Government of India, Chennai. The Ld. Adjudicating Authority (AA) imposed the cumulative penalty of Rs. 80,90,000/- on the Appellant Company comprising of the following:

a. Rs. 2,30,000/- for the contravention of Section 7 (1) of FEMA read with Regulation 3 of the Foreign Exchange Management (Export of Goods and Services) Regulations 2000 to the extent of US $ 1,63,100 (Rs. 75,69,471/-).

b. Rs. 78,60,000/- for the contravention of Regulation 14 C of Foreign Exchange Management (Export of Goods and Services) Regulations 2000 to the extent of US $ 57,11,045 (Rs. 26,21,36,965/-).

The individual Appellant Shri Pentapati Lakshman Swamy, who was the Managing Director of the Company was penalized for the aforementioned contraventions in terms of Section 42 (1) of FEMA . Correspondingly the penalty amounts imposed on him were Rs. 10,000/- and Rs. 2,00,000/- totaling