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Minutes of the 67th meeting of the Board of Approval for SEZs held on 9th October 2015 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals

SEZ - Minutes of the 67th meeting of the SEZ - Dated:- 9-10-2015 - The Sixty seventh (67th ) meeting of the Board of Approval (BoA) for Special Economic Zones (SEZ) was held on 9th October, 2015 under the Chairpersonship of Ms. Rita Teaotia, Secretary, Department of Commerce, at 11.00 A.M. in Room No. 47, Udyog Bhawan, New Delhi, to consider proposals in respect of notified/approved SEZs. The list of participants is Annexed (Annexure-1). Item No. 67.1: Requests for extension of validity of forma .....

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mal approval, granted for setting up of sector specific SEZ for IT/ITES at Cheemeni Village, Kasargod District, Kerala, beyond 18th September 2015 The Board after deliberations extended the validity of the formal approval up to 18th September, 2016. (iii) Request of M/s. Kakinada SEZ Private Limited for further extension of the validity period of formal approval, granted for setting up of port based multi product SEZ at Kakinada, East Godavari District, Andhra Pradesh beyond 26th August, 2015 Th .....

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oP beyond 3rd Year onwards (i) Request of M/s. JBF Petrochemicals Limited, a unit in Mangalore (Multi Product) SEZ at Mangalore, Bangalore for extension of LoP beyond 15th September, 2015 The Board after deliberations extended the validity of the LOP up to 15th September, 2016. (ii) Request of M/s. Benzo Chem Industries Pvt. Ltd. (Benzo), a unit in M/s. Dahej SEZ Limited, Gujarat for extension of LoP beyond 7th September, 2015 The Board after deliberations extended the validity of the LOP up to .....

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of LoP beyond 27th May 2015 The Board after deliberations extended the validity of the LoP up to 27th May, 2016. Item No. 67.3: Requests for co-developer (i) Request of M/s. Virtus IT Services Private Limited for co-developer in the sector specific SEZ for IT/ITES at Attipra, Taluk and District Thiruvananthapuram, Kerala, being developed by M/s. Electronics Technology Parks Kerala for increase in area. After deliberations, the Board approved the proposal of M/s. Virtus IT Services Private Limit .....

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ochampalli Taluk, Krishnagiri District, Tamil Nadu, over an area of 58.21 hectares. The Board noted that 58.29 hectares of land from out of 153.83 hectares of land in the sector specific SEZ for Granite Processing sector notified in the name of SIPCOT has been approved for de-notification by the DOC. The Board, after deliberations, approved the proposal of M/s. Cheyyar SEZ Developers Pvt. Ltd. for setting up of a sector specific SEZ for Footwear at SIPCOT Industrial Growth Centre, Bargur, Uthang .....

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er FSI/FAR norms a applicable Total area (in sqm.) capacity (in MW) 1. Setup the lab facility for Research & development NA NA NA 2. Research & Development in active pharmaceutical ingredients, advanced intermediates & Ago chemicals NA NA NA (ii) Request of M/s. SciGenom Labs Pvt. Ltd., a unit in CSEZ for permission for import of samples for testing purpose under contract R&D. The BOA after deliberations decided to direct the Unit to first obtain all statutory permissions includi .....

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V Substation without availing any duty free benefits or tax exemptions. (iv) Request of M/s Torrent Energy Ltd. (co-developer in Dahej SEZ), for amalgamation/merger with M/s. Torrent Power Ltd. The Board, after deliberations, approved the request of M/s. torrent Energy Ltd. for amalgamation /merger with M/s. Torrent Power Ltd. consequent to order of amalgamation from the High Court of Gujarat subject to the condition that (i) the merged entity shall furnish undertakings to the DC to take over al .....

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s 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 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 taxabili .....

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EZ is functional at Site 1, and both Site 1 and 2 have proper boundary wall and that it is an SEZ for IT/ITES. Therefore, the BOA, after deliberations, approved the request of M/s. Wipro SEZ to develop 2.5 acres of land which is situated at Site 2 of the said SEZ with the condition that the Developer shall install fool proof security systems at the entry and exit points which shall be adequately manned to prevent any possible leakages or misuse of SEZ scheme. (vi) Request of M/s. India Land KGIS .....

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ntity; (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 change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to M .....

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vii) The co-developer shall furnish details of PAN and jurisdictional assessing officer of the co-developer to CBDT. (vii) Request of M/s. Aachvis Softech Pvt. Ltd. for setting up of sector specific SEZ for IT/ITES at Plot No. 7, Sector 144, Noida for change of name of the company to M/s. Oxygen Business Park Private Limited and shareholding pattern After deliberations, the Board approved the request for change of name of the developer from Aachvis Softech Pvt. Ltd. to Oxygen Business Park Priva .....

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s, 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 eligibilit .....

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he decision of the BoA for de-notification/cancellation of formal approval BOA, after deliberations, directed the applicant to submit a detailed report to DC, NSEZ with respect to acquisition and ownership of land, nature of investment proposed to be made in the SEZ and the future plans of the said SEZ. DC, NSEZ will examine the same and submit his report with his specific recommendations to the DoC. Thereafter, the matter may be examined by the DoC on file. (ix) Ratification of the decision tak .....

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t; (Mefron 22 & Freon 22) falling under ITC Chapter Heading 29037100 from DTA Unit. The BOA, after deliberations, approved the proposal of M/s. PI Industries Ltd to procure restricted raw material "Chlorodifluoromethane" (Mefron 22 & Freon 22) falling under ITC Chapter Heading 29037100 from DTA Unit in respect of supply of items to a SEZ developer or unit for setting up infrastructure facility or for setting up of a unit. It can also supply raw material to SEZ unit for undertak .....

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ted target of ₹ 668.33 lakhs, i.e. the pending export obligation of the unit during the previous block. Besides, the Unit has effected clearances for a value of ₹ 446.69 lakhs against payment in free foreign currency which are counted towards NFE. The Board after deliberations extended the validity of the LoP w.e.f. 31.8.2014 for a period of five years. Item No. 67.6 : Appeals before BoA (i) Appeal of M/s. Shahtootwale Industries Ltd., a unit in Noida SEZ against order of the UAC dat .....

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loper (1) Request of M/s. Mundra Solar Technopark Pvt. Ltd. for co-developer in the multi product SEZ at Mundra, Kutch, Gujarat, being developed by M/s. Adani Ports and Special Economic Zone Ltd. The BOA after deliberations approved the request of M/s. Mundra Solar Technopark Pvt Ltd for increase of Electronic Manufacturing Cluster (EMC) area from 207.20 hectares to 259.70 hectares. Item No. 67.8 : Requests for extension of LoP beyond 31d Year onwards (i) Request of M/s. Hi-Tech Inforamtion Pvt. .....

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s & Exporters Pvt. Ltd. for renewal of LoA for next five years in terms of Rule 18(4) of SEZ Rules, 2006. The BOA heard Shri Rakesh Agrawal, representative of M/s. Plastic Processors & Exporters Pvt. Ltd. It was noted that the Unit is lying dormant for many years and has been unable to discharge its prescribed export obligations. The BOA, therefore, after deliberations rejected the request for renewal of LOP of M/s. Plastic Processors & Exporters Pvt. Ltd. Item No. 67.9 :Authorized O .....

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rporation Limited, and construction of barge loading jetty will become the authorized operation of Cochin Port Trust. The meeting ended with a vote of thanks to the Chair. Annexure I List of Participants for the Meeting of the Board of Approval for Special Economic Zones held on 9th October, 2015 under the Chairpersonship of Commerce Secretary, Department of Commerce 1. Ms. Rita Teaotia, Chairpersonship, BOA & Commerce Secretary, Department of Commerce 2. Shri John Joseph, DGEP, Department o .....

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