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TMI BlogMinutes of the 62nd meeting of the Board of Approval for SEZ held on 24th July 2014 to consider proposals for setting up Special Economic Zones and other miscellaneous proposalsX X X X Extracts X X X X X X X X Extracts X X X X ..... sts for extension of validity of formal approvals BoA in its meeting held on 14th September, 2012, examining similar cases observed as under: - "The Board advised the Development Commissioners to recommend the requests for extension of formal approval beyond 5th year and onwards only after satisfying that the developer has taken sufficient steps towards operationalisation of the project and further extension is based on justifiable reasons. Board also observed that extensions may not be granted as a matter of routine unless some progress has been made on ground by the developers. The Board, therefore, after deliberations, extended the validity of the formal approval to the requests for extensions beyond fifth years for a period of one year and those beyond sixth year for a period of 6 months from the date of expiry of last extension". (i) Request of M/s. DLF Info Park (Pune) Ltd. for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES at Rajiv Gandhi Infotech Park, Phase II, Pune, Maharashtra, beyond 26th June, 2014 The Board after deliberations extended the validity of the formal approval up to 26th June, 2015. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Nashik, Maharashtra, beyond 24th June, 2014 The Board after deliberations extended the validity of the formal approval up to 24th June, 2015. (ix) Request of M/s. Gopalan Enterprises (India) Private Limited for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES at Mahadevapura & Kaggadaspura, K.R. Puram, Whitefield, Bangalore, Karnataka, beyond 2nd July, 2014 The Board after deliberations extended the validity of the formal approval up to 2nd July, 2015. (x) Request of M/s. Gulf Oil Corporation Limited for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES/BPO/Electronic Hardware at Kattigenahalli and Venkatala villages, Yelahanka Hobli, Bangalore, Karnataka, beyond 17th June, 2014 The Board after deliberations extended the validity of the formal approval up to 17th June, 2015. (xi) Request of M/s. Karle Infra Private Limited for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES/BPO at Nagavara Village, Bangalore North Taluk, Karnataka, beyond 18th June, 2014 The Board af ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ranted for setting up of sector specific SEZ for IT/ITES at Village Ghamroj, Tehsil Sohna, Gurgaon-Sohna Road, Gurgaon, Haryana, beyond 25th June 2014 The Board after deliberations extended the validity of the formal approval up to 25th June, 2015. (xix) Request of M/s. G.P. Realtors Private Limited for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for Electronic Hardware and IT/ITES at village Ghata, Behrampur and Balola, District Gurgaon, Haryana, beyond 25th July, 2013 The Board after deliberations extended the validity of the formal approval up to 25th January, 2015. (xx) Request of M/s. MPAKVN (Jabalpur) Ltd. for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for Agro and Agro based products at village Umariya Dungariya, Shahpura, Distt. Jabalpur, Madhya Pradesh, beyond 13th January 2013 The Board after deliberations extended the validity of the formal approval up to 13th January, 2015. (xxi) Request for further extension of LoA from M/s. Dishman Infrastructure Ltd. for setting up of Pharmaceuticals & Fine Chemicals SEZ at Villages Kalyangadh and Ganga ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ltd. at village Kalwara, Tehsil Sanganer, Distt. Jaipur, Rajasthan for extension of Letter of Permission (LOP) beyond 12th March, 2014 The Board after deliberations extended the validity of the LoP up to 12th March, 2015. (ii) Request of M/s. Girnar Software (SEZ) Pvt. Ltd., a unit in the sector specific SEZ for IT/ITES SEZ being developed by M/s. Mahindra World City (Jaipur) Ltd. at village Kalwara, Tehsil Sanganer, Distt. Jaipur, Rajasthan for extension of Letter of Permission (LOP) beyond 29th March, 2014 The Board after deliberations extended the validity of the LoP up to 29th March, 2015. (iii) Request of M/s. Meghmani Unichem LLP, a unit in Dahej SEZ for extension of Letter of Permission (LOP) beyond 30th June 2014 The Board after deliberations extended the validity of the LoP up to 31st December, 2014. (iv) Request of M/s ONGC Petro additions Limited (OPaL), a unit in multi-product SEZ developed by Dahej SEZ at Bharuch Gujarat for extension of validity period of its LoP beyond 15th October, 2014 The Board after deliberations extended the validity of the LoP up to 15th October, 2015. (v) Request of M/s. Ramdev Chemical Industries, a unit in the multi product SEZ bein ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 2014 The Board after deliberations extended the validity of the LoP up to 16th July, 2015. (xiv) Request of M/s Trio Technologies, a unit MIDC SEZ at Rajiv Gandhi Infotech Park, Hinjewadi, Phase-III, Pune, Maharashtra for extension of validity period of its LoP beyond 1st February, 2014 The Board after deliberations extended the validity of the LoP up to 1st February, 2015. (xv) Request of M/s iGate Global Solutions Limited, a unit in MIDC at Rajiv Gandhi Infotech Park, Hinjewadi, Phase-III, Pune, Maharashtra for extension of validity period of its LoP beyond 4th August, 2014 The Board after deliberations extended the validity of the LoP up to 4th August, 2015. (xvi) Request of M/s Allied Digital Services Limited, a unit in MIDC at Plot No. 22/1, Rajiv Gandhi Infotech Park, Hinjewadi, Phase-III, Pune, Maharashtra for extension of validity period of its LoP beyond 01st September, 2013 The Board after deliberations extended the validity of the LoP up to 1st September, 2015. (xvii) Request of M/s Allied Digital Services Limited, a unit in MIDC at Plot No. 13/5, Rajiv Gandhi Infotech Park, Hinjewadi, Phase-III, Pune, Maharashtra for extension of validity period of its LoP bey ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated facilities, over an area of 28 hectares. The Board also approved the proposal for following specific authorized operations in the processing area of the SEZ: 1. LNG Receiving Terminal (a) Jetty Platform (b) Breasting and Mooring Dolphins (c) Approach Trestle (including roadways & piping) 2. LNG Storage Tanks Re-gasification facilities The approval is subject to the following conditions:- (i) The approval is only for creation of infrastructure facilities in the above-mentioned area. (ii) M/s. GSPC LNG Limited shall import the LNG as a unit after approval in the UAC, regasify it and supply / operate it with all applicable NFE obligations. (ii) Request of M/s. Trans Asian Shipping Services Pvt. Ltd. for co-developer in the sector specific SEZ for IT/ITES at Infopark SEZ (Phase-II), Kunnathaunadu Taluk, Ernakulam District, Kerala, being developed by Infopark, Kerala. After deliberations, the Board approved the request of M/s. Trans Asian Shipping Services Pvt. Ltd. for providing infrastructure facilities and development of IT sector industry, over an area of 2.06 acres, in accordance with the co-developer agreement entered into with the developer. (iii) Request of M/s. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ltd. (APSEZL), for setting up of Multi Product SEZ at Mundra Taluka, District Kutch, Gujarat, over an area of 1856.5335 hectares. The Board noted that the Developer is in possession of the land, which is contiguous and vacant. The State Government has also recommended the proposal. Representative of MHA informed to the Board that they have accorded security clearance to the proposal. However, the Board noted that there are certain issues relating to independent access to the proposed SEZ and security, which needed to be further clarified. Therefore, the Board, after deliberations, decided to defer the proposal. Item No. 62.7 : Miscellaneous Cases (i) Request for permission to use Railway track & siding, Material Handling equipment of Coal Handling System of Thermal power plant being set up by M/s. Indiabulls Realtech Ltd. (IRL) and installation of Clinker Handling System by Eurotas Infrastructure Limited (EIL) in the non-processing area of Multi Product SEZ at Village Sinnar, Dist. Nashik, Maharashtra being developed by M/s. Indiabulls Industrial Infrastructure Ltd. After deliberations, the board decided to defer the proposal (ii) Request of M/s. DLF Info Park (Pune) Ltd., de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o approve the request of the unit for permission to procure Mother of Pearls, a restricted item under ITC (HS) classification, subject to the condition that the unit will obtain necessary Environment and other Clearances before procuring such items. (viii) Request of M/s. Quest SEZ Development Private Limited, developer of sector specific SEZ for manufacture of precision engineering products at Belgaum, Karnataka for the name change to M/s. Aequs SEZ Private Limited The Board approved the proposal of M/s. Quest SEZ Development Private Limited for change of name of the developer from M/s. Quest SEZ Development Private Limited to M/s. Quest Global SEZ Private Limited and subsequently from M/s. Quest Global SEZ Private Limited to M/s. Aequs SEZ Private Limited, subject to each entity independently fulfilling the following conditions: (i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered developer entity; (ii) Fulfillment of all eligibility criteria applicable to developers, including security clearances etc., by the altered developer entity and its constituents; (iii) Applicability of and compliance with all Revenue / Compa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Airport at Mamidipalli village, Shamshabad Mandal, Ranga Reddy District, Andhra Pradesh for approval of change in shareholding pattern and company's name The Board after deliberations decided to approve the proposal subject to each entity independently fulfilling the following conditions: (i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered co-developer entity; (ii) Fulfillment of all eligibility criteria applicable to co-developers, including security clearances etc., by the altered co-developer entity and its constituents; (iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to the transfer of equity shall be furnished immediately to the Member (IT) CBDT, Department of Revenue. (v) The assessing officer under the Income Tax Act, 1961, shall have the right to assess the taxability of the amount arising out of the transfer of equity. (vi) The applicants shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (xi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce with all Revenue / Company Affairs /SEBI etc. rules 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 examine and assess the taxability 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 to lease of land, as applicable. (xiii) Appeal of M/s. Biomedical Life Sciences Pvt. Ltd., a unit in pharmaceutical SEZ developed by M/s. Zydus Infrastructure Pvt. Ltd. at Ahmedabad, Gujarat against order of DC KASEZ The Board noted that the DC KASEZ had directed the developer to handover the plot to the unit. However, the developer has allotted the said plot to M/s. Cadila Healthcare Ltd. without intimating the O/o DC KASEZ and without the unit applying for LoP, which is in contravention to the SEZ Act and Rules. The Board, after deliberations, directed DC KA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nakondur, Choutuppal, Nalgonda Distt.) Pharmaceutical Products including medical devices 30.10.2008 VSEZ 2. M/s. Deccan Infrastructure and Land Holdings Ltd.(Akuthotapally, Amangal, Mahboobnagar) Textile, Apparel, Garments, Fashion Acc. 25.06.2008 VSEZ 3. M/s. Deccan Infrastructure and Land Holdings Ltd.(Mudhvin, Mahboobnagar) Engineering (Agriculture, Livestock and related) 25.06.2008 VSEZ 4. M/s. Deccan Infrastructure and Land Holdings Ltd.(Dasarlapally, Mulugu Mandal, Medak Distt.) Biotech 25.06.2008 VSEZ 5. M/s. Deccan Infrastructure and Land Holdings Ltd.(Mamidipally, Shamshabad, R.R. Dist) FTWZ 25.06.2008 VSEZ 6. M/s. Deccan Infrastructure and Land Holdings Ltd.(Amangal, Mahboobnagar) FTWZ 25.06.2008 VSEZ 7. M/s. Deccan Infrastructure and Land Holdings Ltd.(Amangal, Mahboobnagar Distt.) Gems & Jewellery 25.06.2008 VSEZ 8. M/s. Deccan Infrastructure and Land Holdings Ltd.(Bhongir, Nalgonda) Light Engineering 30.10.2008 VSEZ 9. M/s. Deccan Infrastructure and Land Holdings Ltd.(Kommadivill, Madhurawada, Visakhapatnam) IT/ITES 30.10.2008 VSEZ 10. M/s. Deccan Infrastructure and Land Holdings Ltd.(Kukatpally, R.R. Distt.) IT/ITES 03.07 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Industrial Corporation (Mahul, Chembur, Distt. Mumbai) IT/ITES 19.06.2007 SEEPZ 11. M/s. Reliance Infocom Infrastructure Pvt. Ltd. (Dhirubhai Ambani Knowledge City, Koper Khairne, Navi Mumbai) IT/ITES 26.07.2007 SEEPZ 12. M/s. Pride Infrastructure Pvt. Ltd. (Charoli, Budruk, Taluka Haveli, Pune) Electronic Hardware and Software including IT/ITES 25.10.2007 SEEPZ 13. M/s. Rajiv Gandhi IT Park Co-op Society Ltd. (Girnar Paithan Road, Distt. Aurangabad) IT/ITES 30.10.2008 SEEPZ 14. M/s. Kirti Infrastructure Pvt. Ltd. (Village Lohagaon, Taluka Haveli, Distt. Pune) IT/ITES 27.02.2009 SEEPZ 15. M/s. Siddhivinayak Knowledge City Developers Pvt. Ltd. (Village Bhonsari, Taluka Haveli, District Pune) Electronic Hardware and Software including IT/ITES 19.06.2007 SEEPZ 16. M/s. Jindal Photo Limited (Igatpuri Nasik, Maharashtra) IT/ITES 25.06.2007 SEEPZ 17. M/s. Dosti Enterprises (Thane) IT 18.06.2007 SEEPZ 18. M/s. City Parks Pvt. Ltd. (Haveli, Distt. Pune) IT/ITES 06.11.2006 SEEPZ 19. M/s. Ferrani Hotels Pvt. Ltd. (Malad, Mumbai, Maharashtra) IT/ITES 30.07.2007 SEEPZ 20. M/s. NEPC India Ltd. 08.05.2008 MEPZ 21. M/s. Best and Crompto ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l of M/s. Lingo Impex, a unit under NSEZ against the decision of the UAC taken in its meeting on 20.01.2014 The Board heard the appellant after examining the matter decided to allow the appellant to undertake trading activities for Shredding and Recycling of Computer peripherals/Components only for 100% exports. (viii) Appeal of M/s. eglobal Recyclers Limited for setting up a unit in Sterling SEZ against decision of the UAC taken in its meeting held in February 2014 The Board heard the appellant and after examining the matter decided to approve the proposal for setting up of a unit by M/s. eglobal Recyclers Limited in Sterling SEZ, subject to the condition that the unit will carry out 100% exports. (ix) Appeal of M/s. Varsha Corporation Ltd. against the decision of the UAC of M/s Arshiya International Limited, Raigad, Maharashtra taken in its meeting on 07th February, 2014 The Board heard the appellant. The Board noted that the unit has proposed they will not be engaging in DTA sales, and that the proposal is covered under Rule 18(4)(c) of the SEZ Rules 2006. The Board, after deliberations, decided to approve the proposal for setting up of a unit by M/s. Varsha Corporation L ..... X X X X Extracts X X X X X X X X Extracts X X X X
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