APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI

1. FPA-FE-18/JL/2017 M/s. Nice Exports Pvt. Ltd. … Appellant Versus The Joint Director, Directorate of Enforcement, Jalandhar … Respondent

2. FPA-FE-19/JL/2017 Shri Sanjeev Kumar Gupta … Appellant Versus The Joint Director, Directorate of Enforcement, Jalandhar … Respondent Advocates/Authorized Representatives who appeared For the Appellants : Mr. R S Gill, Advocate Mr. Randhir Singh, Advocate For the Respondent (ED) : Mr. Mohd. Wasay Khan, Adv.

CORAM SHRI BALESH KUMAR : MEMBER SHRI RAJESH MALHOTRA : MEMBER

FINAL ORDER

19.11.2025 This Order disposes of the Appeals Nos. FPA-FE-18/JL/2017 filed by M/s Nice Exports Pvt. Ltd. and FPA-FE-19/JL/2017 filed by Shri Sanjeev Kumar Gupta against the Order No. JD/JLZO/01/2017 dated 12.01.2017 (Impugned Order), passed by the Joint Director, Enforcement Directorate, Government of India, Jalandhar, Punjab. Penalty of Rs.12,00,000/- has been imposed on M/s Nice Exports Pvt. Ltd. for contraventions to the extent of Rs. 4,43,96,119/- vide the Impugned Order. Further penalty of Rs. 16,00,000/- has been imposed on Shri Sanjeev Kumar Gupta, Director of the Appellant Company for contraventions to the extent of R