APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI

1. FPA-FE-21/MUM/2013 Sh. Haresh Sanghvi … Appellant

2. FPA-FE-22/MUM/2013 Sh. Tushar P. Sanghvi … Appellant Versus The Additional Director Directorate of Enforcement, Mumbai … Respondent Advocates/Authorized Representatives who appeared For the Appellant Sl. No. 1. : Ms. Mrinalini Mishra, Advocate For the Appellant Sl. No. 2. : Mr. Doel Bose, Advocate For the Respondent : Mr. Mohd. Wasay Khan, Advocate CORAM SHRI BALESH KUMAR : MEMBER SHRI RAJESH MALHOTRA : MEMBER

FINAL ORDER

23.04.2026 This Order disposes of the Appeals Nos. FPA-FE-21/

MUM/2013 filed by Sh. Haresh Sanghvi and FPA-FE-22/MUM/ 2013 filed by Sh. Tushar P. Sanghvi, against the Order No. ADJ/01- B/ADE/AG/2013FEMA/75 dated 29.01.2013 (Impugned Order) passed by the Additional Director, Directorate of Enforcement, Government of India, Mumbai. The Ld. Adjudicating Authority (AA) imposed the penalty of Rs. 1,00,000/- each on Sh. Haresh Sanghvi and Sh. Tushar P. Sanghvi for the contravention of Section 7 & 8 of the Foreign Exchange Management Act, 1999 (FEMA) read with Regulation 8 & 9 of Foreign Exchange Management (Exports of Goods & Services) Regulation 2000 in terms of Section 42