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Minutes of the 71st of the Board of Approval for SEZs held on 22nd June 2016 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals

Minutes of the 71st of the Board of Approval for SEZs held on 22nd June 2016 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals - SEZ - Minutes of the 71th meeting of the SEZ - Dated:- 22-6-2016 - Minutes of the 71st of the Board of Approval for SEZs held on 22nd June 2016 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals The Seventy First (71st) meeting of the Board of Approval (BOA) for Special Economic Zone .....

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ustrial Estate, Panoli, District Bharuch, Gujarat beyond 16th June, 2016 The Board, after deliberations, extended the validity of the formal approval up to 16th June, 2017. (ii) 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, 2016 The Board, after deliberat .....

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xpenditure and developmental plans from the Developer within two months. Item No. 71.2 : Requests for extension of validity of in-principle approval (i) Proposal of M/s. Venkatesh Coke & Power Ltd. for extension of the validity of in-principle approval for setting up of a FTWZ at Athipattu, Nandiambakkam and Puludivakkam villages, Ponneri Taluk, Thiruvallur Distt. Tamilnadu, beyond 12th May, 2016. The Board, after deliberations, extended the validity of the in-principle approval up to 12th M .....

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ujarat for extension of Letter of Permission (LOP) beyond 5th February, 2015 The Board, after deliberations, condoned the delay and extended the validity of the LoP up to 5th February, 2017. (iii) Request of M/s. BEML Limited, a unit in KIADB SEZ, Bangalore for extension of LoP beyond 6th January, 2016. The Board, after deliberations, extended the validity of the LoP up to 6th January, 2017. (iv) Request of M/s. Lanco Solar Private Limited, a unit in M/s. Lanco Solar Private Limited SEZ at Villa .....

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International Limited for co-developer in the sector specific SEZ for Bio-technology at Bangalore, Karnataka, being developed by M/s. Biocon Limited After deliberations, the Board approved the proposal of M/s. Syngene International Limited for co-developer undertaking Green field campus consisting of common infrastructure in an area of 8082 sq. mt. to cater to the infrastructure requirements of SEZ unit of Syngene International Limited (13 unit) located in 36150 sq. mt. of area in the Biocon SE .....

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he Board approved the proposal of M/S. Mantri Cosmos Il Owners Welfare Association to invest, upgrade the bare shell to warm shell, operate and maintenance of their share of space i.e. (i) create infrastructural facilities such as interior fit outs & services, electrification, firefighting providing 24x7 uninterrupted power supply at stable frequency, 100% power back up reliable dated connectivity, central air conditioning system (HVAC), required by the IT/ITES companies to operation in the .....

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lept Taluk, Kancheepuram Distt., Tamil Nadu, being developed by M/S. SNP Infrastructure LLP After deliberations, the Board approved the proposal of M/S Embassy Property Development Private Limited for development, operation and maintenance of the SEZ, including undertaking authorized operation over an area of 11.14.7 hectares in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules . (iii) Request of M/s. Mar .....

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cilities for the purpose of providing the port services to the customers in the co-development land, over an area of 187.30 hectares in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules . (iv) Request of M/s. Adani LPG Terminal Pvt. Ltd. for co-developer status in the multi product SEZ at Mundra, Kutch, Gujarat, being developed by M/S. Adani Port and Special Economic Zone Ltd. alongwith specific authorize .....

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ailed by the Co-developer. (ii) This approval is also subject to the condition that the Co-developer shall abide by existing guidelines and any guidelines framed on the subject, in future Item No. 71.5 : Miscellaneous Cases (i) Request of M/s. Logicapt Informatics Pvt. Ltd., a unit in M/S. Quarkcity India Pvt. Ltd. at Mohali, Punjab for change of Directors and shareholding of the company. After deliberations, the Board approved the request for change of Directors and shareholding of the company .....

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cial 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 A .....

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d approved the proposal of M/S. Kings Canyon SEZ Private Limited for co-developer in the sector specific SEZ for IT/ITES at Village Gwal Pahari, Tehsil Sohna, District Gurgaon, Haryana, being developed by M/S. ASF Insignia SEZ Pvt. Ltd. for undertaking Operation and maintenance of infrastructure existing in the identified SEZ area admeasuring 2.751 acres within processing zone of ASF Insignia SEZ Pvt. Ltd. being Kings Canyon SEZ Building having built up space of 1 100466 sqft. including Block-A .....

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iod is reduced to a period not exceeding 30 years (Renewable). (iii) Request of M/s. Grand Canyon SEZ Pvt. Ltd. for co-developer in the sector specific SEZ for ITATES at Village Gwal Pahari, Tehsil Sohna, District Gurgaon, Haryana, being developed by M/S. ASF Insignia SEZ Pvt. Ltd. After deliberations, the Board approved the proposal of M/S. Grand Canyon SEZ Pvt. Ltd for co-developer in the sector specific SEZ for IT/ITES at Village Gwal Pahari, Tehsil Sohna, District Gurgaon, Haryana, being dev .....

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dentified SEZ area" and/or further development/redevelopment of the identified SEZ area and it's operation & maintenance pursuant to sanction of further authorized operation), in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules provided that the lease period is reduced to a period not exceeding 30 years (Renewable). Item No. 71.6 : Appeals before BOA (i) Appeal of M/s. Moser Baer India Limit .....

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ry Agenda Item No. 71.7: Requests for extension of validity of formal approvals (i) Request of Electronics Corporation of Tamil Nadu (ELCOT) for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for ITATES at Hosur-Viswanathapuram, Tamil Nadu, beyond 7th May, 2016 The Board, after deliberations, extended the validity of the formal approval up to 7th May, 2017. (ii) Request of Electronics Corporation of Tamil Nadu (ELCOT) for further extens .....

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, after deliberations, extended the validity of the formal approval up to 7th 2017. (iv) Request of Electronics Corporation of Tamil Nadu (ELCOT) for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES at Gangaikondan village, Tirunelveli, Tamil Nadu, beyond 7th May 2016 The Board, after deliberations, extended the validity of the formal approval up to 31st December, 2016. (v) Request of M/s DLF Info Park, (Pune) Ltd. for further .....

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arch, 2018. The Board, after deliberations, extended the validity of the LoP up to 23 rd March, 2018. (ii) Request of M/s. Sameer Industries, a unit in KASEZ for extension of Letter of Permission (LOP) The Board, after deliberations deferred the proposal and directed DC, KASEZ to verify the correct Block of five years and verify the NFE performance of the unit during that period. (iii) Request of M/s. Doot Transmission Pvt. Ltd., a unit in the Engineering and electronics at Plot no. AL-18 and AL .....

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xtended the validity of the LoP up to 27th July, 2017. (v) Request of M/s. KPIT Technologies Ltd., an ITATES Unit at Plot No. 17, MIDCSEZ, Rajeev Gandhi Infotech Park, Hinjewadi, Phase -Ill, Pune for extension of Letter of Permission (LOP) beyond 28.06.2016. The Board, after deliberations, extended the validity of the LoP up to 20 June, 2017. Item No. 71.9 : Requests for co-developer (i) Request of M/s. Prestige Estates Projects Limited for co-developer in the sector specific SEZ for IT/ITES at .....

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or providing infrastructure facilities and development of IT/ITES industry. The applicant proposes to construct an IT campus comprising of two phases with a total built up area of 1558200 sq.ft., which includes a multi level parking slot having 1637 nos., adequate amenities such as food courts, teleconferencing facility, paved drive way, landscaped garden, open space etc. for the IT companies to be set up in the SEZ, over an area of 7.97 acres., subject to standard terms and conditions as per SE .....

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ting up of sector specific SEZ for IT/ITES at Kharadi District Pune, Maharashtra, over an area of 8.29 hectares. The DC, SEEPZ SEZ informed that he was withdrawing the proposal. (ii) Request of M/s Phoenix Living Spaces Private Limited for setting up of a sector specific SEZ for IT/ITES at Ameenpur Village, Patancheru Mandal, Medak District, Telangana, over an area of 5.67 hectares. The Board directed DC, VSEZ to examine legal possession w.r.t. the agreement between the developer and the land ow .....

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Pvt. Ltd. developer for sector specific SEZ for Electronics Hardware & Software including IT/ITES at Village Ghamroj, Tehsil Sohna, Gurgaon-Sohna Road, Gurgaon, Haryana, for change of shareholding pattern of the company After deliberations, the Board approved the request for change in shareholding pattern, subject to following conditions:- (i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered developer entity; (ii) Fulfillment of all el .....

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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 to lease of land, as applicable. (vii) The developer shall furnish detail .....

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lowing 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 / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financia .....

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1961. (vi) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (vii) The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. (iii) Request of M/s. Mikado Realtors Pvt. Ltd. for setting up of sector specific SEZ for Electronic Hardware, IT/ITES at Village Behrampur, Distt Gurgaon, Haryana, by transfer of 100% shareholding of the company to M/S. Tata Realty & Infrastructure .....

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ment 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 / 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, Departm .....

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urnish details of PAN and jurisdictional assessing officer of the developer to CBDT. (iv) Request of M/s Aditi Technologies Pvt. Limited, Co-developer in M/S. Manyata Embassy Business Park SEZ, a sector specific SEZ for ITATES at Bangalore, Karnataka for change of name of co-developer from M/S. Aditi Technologies Private Limited to M/S. Harman Connected Services Technologies Private Limited After deliberations, the Board approved the request for change of name of the codeveloper from M/S Aditi T .....

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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 taxability and eligibility for deduction under .....

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fter deliberations, the Board approved the request for change of name of the developer from M/S Unitech Realty Project Ltd. to M/s. Candor Gurgaon One Realty Projects Pvt. Ltd. and change of the shareholding pattern of the company, subject to 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., .....

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ight 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 to lease of land, as applicable. (vii) The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. (vi) Req .....

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Ws. Dell Business Process Solutions India Private Limited with effect from 1 st August, 2016, subject to standard terms and conditions as per SEZ Act and Rules . (vii) Request of M/s. Deccan Real Ventures Private Limited, Co-developer in M/S. Phoenix Infocity Private Limited, a sector specific SEZ for IT/ITES at Gachibowli village, Serillingampally Mandal, Hyderabad, Telangana for transfer of ownership to M/S. Ascendas India Trust, Singapore After deliberations, the Board approved the request o .....

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hich 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 et .....

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d not appear before the BOA. The DC FSEZ informed that the Rs. out of ₹ 25,49,895/- had been deposited with the FSEZ and remaining amount would be deposited by the unit within 3 months. The BOA allowed Ws. Gupta Infotech to deposit the balance amount within 3 month. (ii) Appealof M/s. Vikas Telecom Private Limited (VTPL), developer Vikas Telecom SEZ at Embassy Tech Village, Bangalore against order dated 30.05.2016 passed by UAC, CSEZ. The Board noted that the matter required detailed consu .....

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t Private Limited for codeveloper in the sector specific SEZ for IT/ITES at Chokkanahalli Village, Bengaluru, Karnataka, being developed by M/S. Milestone Buildcon Pvt. Ltd. After deliberations, the Board approved the proposal of M/S. Intelligent Community Management Private Limited for co-developer for making infrastructural facilities/O&M activities in the entire SEZ, in accordance with the co-developer agreement, subject to standard terms and conditions as per SEZ Act and Rules . Item No. .....

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er deliberations, the Board deferred the proposal as the State Government Recommendation is awaited. Item No. 71.15 : Cancellation of Formal Approval (i) Cancellation of Formal Approval of M/s. Devbhumi Realtors Private Limited (Sy. No. 83/1, Raidurg Panmakhtha Village, Serilingampally Mandal, Ranga Reddy District, Telangana) The Board noted that the progress made by the developer M/s. Devbhumi Realtors Private Limited (Sy. No. 83/1, Raidurg Panmakhtha Village, Serilingampally Mandal, Ranga Redd .....

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ary Agenda III Item No. 71.16 : Proposals for setting up of SEZs (i) Request of M/s. Bagmane Developers Private Limited for setting up of a sector specific SEZ for IT/ITES at Outer Ring Road, Doddanekundi Circle, Marathalli Post, Bengaluru, Karnataka, over an area of 1.34 hectares. The Board noted that the Developer is in possession of the land. The Government of Karnataka has also recommended the proposal vide their letter dated 17.06.2016. Accordingly, the Board decided to grant formal approva .....

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cretary, Department of Commerce 2. Shri Ajay Kumar Bhalla, Additional Secretary, Department of Commerce 3. Dr. John Joseph, DGEP, Department of Revenue, Ministry of Finance 4. Dr. Tejpal Singh, Additional Director General, DGEP 5. Smt. Deepshikha Sharma, Director, CBDT, Department of Revenue, Ministry of Finance 6. Shri Sunil Srivastava, DGEP 7. Shri Darshan Singh, Additional DGFT, DGFT 8. Shri A.K. Mishra, Research Assistant TCPO, Ministry of Urban Development, Vikas Bhawan, I.P. Estate, New De .....

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