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APPELLATE TRIBUNAL FOR FORFEITED PROPERTY
BALESH KUMAR, Member, RAJESH MALHOTRA, Member
Shri Nitya Majumdar – Appellant
Versus
The Joint Director, Directorate of Enforcement, Kolkata – Respondent
| Table of Content |
|---|
| 1. factual background of the case. (Para 1 , 2) |
| 2. appellant's arguments and concerns. (Para 3 , 4 , 5) |
| 3. court's analysis and findings. (Para 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13) |
| 4. reduction of penalty based on circumstances. (Para 14) |
| 5. final conclusion and order. (Para 15) |
FINAL ORDER
12.03.2026
This Order disposes of the Appeal No. FPA-FE-55/KOL/2015 filed by Shri Nitya Majumdar, against the Order No. 04/ FERA /2015/JD(HKL) dated 25.03.2015 (Impugned Order), passed by the Joint Director, Enforcement Directorate, Government of India, Kolkata. The Ld. Adjudicating Authority (AA) imposed the penalty of Rs. 2,00,000/- on the Appellant for the contraventions of Sections 8 (1), 8 (2) and 9 (1) (b) of the Foreign Exchange Regulation Act, 1973 ( ), vide the Impugned Order. This Tribunal vide the Order dated 18.02.2019 dispensed completely the pre-deposit of the penalty amount, in view of the penalty having been imposed after 21 years of the initiation of the case vide Memorandum No. T-4/24-C/95(SCN-I) dated 15.09.1995.
2. Ld. Counsel for the Appellant submitted that the Appellant Shri Nitya Majumdar is the son of Late Shri Anil Majumdar residing at HA-267, Salt Lake, Kolkat
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