APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI MP-FE-418/DLI/2023 (Exemp.) MP-FE-171/DLI/2022 (Exemp.)

MP-FE-170/DLI/2022 (Stay)

FPA-FE-97/DLI/2022 M/s Trans Global Impex Ltd. … Appellant Versus The Special Director Directorate of Enforcement, Delhi … Respondent Advocates/Authorized Representatives who appeared For the Appellant : Mr. Arvind Verma, Sr. Adv.

Mr. Kishan Rawat, Adv. Ms. Mallika Joshi, Adv.

Mr. Kunal Chatterjee, Adv.

Ms. Smridhi Shram, Adv.

For the Respondent : Mr. Girish Tripathi, Adv.

CORAM JUSTICE MUNISHWAR NATH BHANDARI : CHAIRMAN SHRI V. ANANDARAJAN : MEMBER

FINAL ORDER

05.08.2025 The appeal has been preferred under section 19 of Foreign Exchange & Management Act, 1999 (in short, the “Act of 1999") to challenge the order dated 01.11.2022.

2. The learned counsel for the appellant submits that vide the impugned order passed by the Adjudicating Authority, a penalty of Rs. 60 lakhs has been imposed on the appellant Company M/s Trans Global Impex Ltd. alleging contravention of section 8(3) and 8(4) of FERA, 1973 read with Chapter 7 A 20 (i) of Exchange Control Manual, 1995. The penalty of Rs. 10 lakhs was imposed on each of the Director for the same contravention.

3. The learned