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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ - Minutes of the 105th meeting of the SEZ

Extract

..... rocessing at Bargur, Uthangarai & Pochampalli Taluk, Krishnagiri District, Tamil Nadu. The Board, after deliberations, approved extension of the validity of formal approval up to 10th March, 2022. 105.2(iii) It was noted that the agenda item pertained to the request for extension of validity of LOA of a unit and was inadvertently listed under the current section. The same has been accordingly placed under the relevant heading as item no. 105.3(iv). 105.3 Request for extension of LoA of the units (four proposals) 105.3(i) Request of M/s. Knitpro International (Unit-III) in Mahindra World City (Jaipur) Ltd., Multiproduct SEZ at Village- Kalwara, Tehsil-Sanganer, Jaipur (Rajasthan) for third extension of Letter of Approval (LoA) for a further period of one year i.e. upto 07.03.2022. The Board, after deliberations, approved extension of the validity of LoA up to 7th March, 2022. 105.3(ii) Request of M/s Shankar Soya Concepts in Indore SEZ for extension of LoA beyond 30.06.2021 for a further period up to 29.11.2021. The Board, after deliberations, approved extension of the validity of LoA up to 29th November, 2021. 105.3(iii) Request of M/s. CTR Manufacturing Industries Ltd. located .....

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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ

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..... of the codeveloper to CBDT. 105.4(ii) Request of M/s Bayline Infocity Limited, developer for taking on record the change of shareholding pattern and the appointment of new Directors of the Developer. The Board noted that the matter was deferred by the Board earlier in its 102nd and 104th meetings held on 06.01.2021 and 28.05.2021 respectively as the individual investors had raised an objection to the proposed change in shareholding pattern and filed a petition before the NCLT, Chennai Bench challenging the same. The matter was sub-judice. Now, vide NCLT order dated 11.06.2021, the petition stands dismissed as withdrawn. The Board, after deliberations, approved the proposal for change of shareholding pattern and for the appointment of new Directors in the Board subject to approval by relevant statutory body and legal compliances with the following conditions:- i. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered developer entity; ii. Fulfilment of all eligibility criteria applicable to developer, including security clearances etc. by the altered developer entity and its constituents; iii. Applicability of and compliance with al .....

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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ

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..... to lease of land, as applicable. vii. The co-developer shall furnish details of PAN and jurisdictional assessing officer of the co- 105.4(iv) Request of M/s. Anomalous Infra Private Limited (co-developer) at Arshiya Limited-FTWZ, Panvel, Raigad for change in shareholding pattern of the company. The Board, after deliberations, approved the proposal for change in shareholding pattern of the company subject to approval by relevant statutory body with the following conditions:- i Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered co-developer entity; ii. Fulfilment of all eligibility criteria applicable to co-developer, including security clearances etc., by the altered co-developer entity and its constituents; iii. Applicability of and compliance with all relevant rules of Revenue/Company Affairs/SEBI etc., which regulate issues like capital gains, equity change, transfer, taxability etc. iv. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. v. The Assessing .....

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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ

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..... ding pattern of the company subject to approval by relevant statutory body with the following conditions:- i. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered co-developer entity; ii. Fulfilment of all eligibility criteria applicable to co-developer, including security clearances etc., by the altered co-developer entity and its constituents; iii. Applicability of and compliance with all relevant rules of Revenue/Company Affairs/SEBI etc., which regulate issues like capital gains, equity change, transfer, taxability etc. iv. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. v. The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961. vi. The applicant shall comply with relevant State Government laws, including those relating t .....

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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ

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..... onmental and other relevant regulations are complied with. 105.5(ii) Ratification of permission for procurement of sand, a restricted item from Domestic Tariff Area granted to M/s. Kusalava International Ltd., VSEZ. The proposal from DC, VSEZ for ratification of approval granted by DC office to M/s Kusalava International Ltd. to procure sand of a quantity of 100 MT on 06.07.2021for constructing compound wall, internal CC Road and repair work in their premises was placed before the BoA. The Board, after deliberations, decided to ratify the approval granted by the Development Commissioner under DoC's instruction dated 18.05.2020 for procurement of restricted items viz. sand, soil etc. subject to the condition that it should be ensured that the allowed item is actually used in the SEZ and all the environmental and other relevant regulations are complied with. 105.5(iii) Ratification of permission granted to M/s Sustain Properties Pvt. Ltd. developer of IT/ITES SEZ located at Knowledge City, Raidurg Village, Serilingampally Mandal, Ranga Reddy District, Telangana for procurement of sand/soil. The proposal from DC, VSEZ for ratification of approval granted by DC office to M/s Sustai .....

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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ

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..... Description Estimated Quantity Sand (including sand used for RMC) 14426 MT Stone (including stone used for RMC, Road WMM & Bitumen carpet 30005 MT Granite 09MT The Board, after deliberations, decided to ratify the approval granted by the Development Commissioner under DoCs instruction dated 18.05.2020 for procurement of restricted items viz. sand, soil etc. subject to the condition that it should be ensured that the allowed items are actually used in the SEZ and all the environmental and other relevant regulations are complied with. 105.5(vi) Procurement of sand/soil by units of GIDC, EPSEZ, Gandhinagar and GIDC Ahmedabad Apparel Park SEZ, Ahmedabad and ratification of approval granted under delegation of powers granted to DC. The proposal from DC, KASEZ for ratification of approval granted by the DC office for procurement of following items was placed before the BoA: Sl. No. Name of the unit Material Quantity Date of approval 1 Omni Lens Pvt. Ltd. SEZ, EPSEZ, Gandhinagar Sand (HS code 25051020) Soil (HSN Code 25059000) 300 Tonnes 500 Metric Tonnes 09.06.2021 2 M/s ET Elastomer Technik (I) Pvt. Ltd., EPSEZ, Gandhinagar Sand (HSN Code 25051020) Soil (HSN Code 25059000) 1000 Tonn .....

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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ

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..... ruction dated 18.05.2020 for procurement of restricted item viz. sand subject to the condition that it should be ensured that the allowed item is actually used in the SEZ and all the environmental and other relevant regulations are complied with. 105.5(ix) Request of M/s. Larsen & Toubro Infotech Limited, developer of IT/ITES SEZ at Plot no.EL-200 (Part), TTC Industrial Area, Village Mahape, Navi Mumbai for approval of procurement of Crusher Sand bearing HSN Code (25171090) required for their various construction activity as per default authorized operations. The proposal from DC, SEEPZ SEZ for ratification of approval granted to M/s Larsen & Toubro Infotech Limited for procurement of 17000 MT of crusher sand for construction activity was placed before the Board of Approval. The Board, after deliberations, decided to ratify the approval granted by the Development Commissioner under DoC's instruction dated 18.05.2020 for procurement of restricted item viz. sand subject to the condition that it should be ensured that the allowed item is actually used in the SEZ and all the environmental and other relevant regulations are complied with. 105.5(x) Proposal of M/s. Nhava Shev .....

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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ

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..... lease period shall be in accordance with DoC's Instruction No. 98 dated 29.08.2019. 105.6(ii) Request of M/s. Infinit Infratech LLP., for approval as a Co-Developer in Plot No. 13/4, MIDC-IT/ITES SEZ, Rajiv Gandhi Infotech Park, Hinjewadi, Phase-III, Pune. DC, SEEPZ informed the Board that the LoA of the unit stands lapsed. The unit did not execute even BLUT and hence, neither any transaction nor any construction activity happened. DoR noted that it is not clear from the proposal if the unit has remitted all the dues payable at the time of exit. The Board, after deliberations, decided to defer the proposal and directed the DC to confirm the status of dues and exit of the unit in writing. 105.6(iii) Request of M/s. Arshiya Panvel FTWZ Services Pvt. Ltd. for Co-developer status in the Free Trade and Warehousing Zone of M/s. Arshiya Ltd. FTWZ at Sai Village, Taluka, District Raigad, Maharashtra. The Board, after deliberations, approved the proposal of M/s. Arshiya Panvel FTWZ Services Pvt. Ltd. for co-developer status for operation and maintenance of one warehouse i.e. WH-03 over an area of 5.5083 acres for six years in accordance with the co-developer agreement entered into with .....

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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ

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..... & 18 of the SEZ Rules, 2006 (Form-F -Application) 7 Details of items of manufacture/service activity Under Rule-17 & 18 of the SEZ Rules, 2006 (Form-F-Application) 8 Details of investment, source of finance & material and input required Under Rule-17 & 18 of the SEZ Rules, 2006 (Form-F - Application) 9 Details related to infrastructure (space, water, power etc.) Under Rule-17 & 18 of the SEZ Rules, 2006 (Form-F - Application) 10 Details of employment Under Rule-17 & 18 of the SEZ Rules, 2006 (Form-F - Application) 11 Details of marketing collaboration and industrial license Under Rule-17 & 18 of the SEZ Rules, 200 (Form-F-A plication) The Department of Revenue flagged their reservations on exemptions sought by the unit for several compliances under the SEZ law which are otherwise mandatory for all the units in SEZ. The Board, after deliberations, decided to approve the proposal with the condition that the Department of Revenue may re-examine their views and highlight their concerns, if any, after due consultation with the Department of Economic Affairs (DEA) on or before 09.08.2021. In case, no comments in this regard is received from the DoR by 09.08.20 .....

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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ

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..... by the G&J units which were rejected by the Board. As consideration of proposals for setting up of unit in SEZ in terms of Rule 18 of the SEZ Rules and allotment of space to a unit falls within the purview of the UAC, the Board decided to remand the matter to UAC. ****** ANNEXURE - I List of Participants for the Meeting of the Board of Approval for Special Economic Zones held on 29th July, 2021 under the Chairmanship of Commerce Secretary, Department of Commerce. l. Shri B.V.R. Subrahmanyam, Chairman, BoA & Commerce Secretary, Department of Commerce. 2. Shri S. Kishore, Additional Secretary, Department of Commerce. 3. Shri Amit Yadav, DG, DGFT. 4. Shri Amitabh Kumar, Joint Secretary, Department of Commerce. 5. Shri A. Bipin Menon, Development Commissioner, Noida SEZ. 6. Shri Senthil Nathan S, Director, Department of Commerce. List of participants connected via Video Conferencing. 1. Shri Rajeev Arora, Senior Development Commissioner, Sterling SEZ. 2. Dr. Amiya Chandra, Development Commissioner, Adani Ports & SEZ, Mundra. 3. Shri Shanmuga Sundram, Development Commissioner, YIEPZ. 4. Shri D.V. Swamy, Development Commissioner, CSEZ. 5. Shri A. Rama Mohan Reddy, Developmen .....

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Minutes of the 105th meeting of the Board of Approval for SEZ held on 29th July, 2021 to consider setting up of Special Economic Zones and other miscellaneous proposals - SEZ

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