APPELLATE TRIBUNAL UNDER SAFEMA AT NEW DELHI (1) MP-FE-114/HYD/2021 (Misc.)

MP-FE-889/HYD/2020 (Stay)

FPA-FE-142/HYD/2020 M/s. Powertex Tools Co. Pvt. Ltd. … Appellant (2) MP-FE-891/HYD/2021 (Stay)

FPA-FE-143/HYD/2020 M/s. M. L. Tools Industries … Appellant (3) MP-FE-893/HYD/2021 (Stay)

FPA-FE-144/HYD/2020 Shri Laxmi Narayan Gupta … Appellant Versus The Joint Director Directorate of Enforcement, Hyderabad … Respondent Advocates/Authorized Representatives who appeared For the Appellant : Mr. Anirudh Wadhwa, Advocate Mr. Anurag Atulya, Advocate Mr. Shashwat Awasthi, Advocate Mr. Kartik Gupta, Advocate For the Respondent : Mr. Shoumendu Mukherji, Advocate CORAM SHRI BALESH KUMAR : MEMBER SHRI RAJESH MALHOTRA : MEMBER

FINAL ORDER

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

142/HYD/2020 filed by M/s. Powertex Tools Co. Pvt. Ltd. (PTCL), FPA-FE-143/HYD/ 2020 filed by M/s. M. L. Tools Industries (MLTI) and FPA-FE-144/HYD/ 2020 filed by Shri Laxmi Narayan Gupta, against the Order No. JD/AG/06/HYZO/2020 dated 27.10.2020 (Impugned Order) passed by the Joint Director, Directorate of Enforcement, Government of India, Hyderabad Zonal Office. Penalty of Rs.3,56,00,000/- was imposed on