TMI BlogMinutes of the 92th meeting of the. Board of Approval for SEZ held on 4th October, 2019 to consider setting up of Special Economic Zones and other miscellaneous proposalsX X X X Extracts X X X X X X X X Extracts X X X X ..... S SEZ at Village Behrampur, Gurgaon (Haryana) for one year beyond 29.10.2019. The Board, after deliberations, approved extension of the validity of the formal approval up to 29 th October, 2020. 92. 2(ii) 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, Hinjewadi, Phase-II, Pune, Maharashtra beyond 26.06.2019. The Board approved extension of the validity of the formal approval up to 25th June, 2020. Further, the Board directed DC, SEEPZ to obtain necessary information from the developer regarding pending approvals from MIDC and assess possibilities for carrying out construction at the earliest. Item No. 92.3 Requests for extension of Letter of Permission (LoP) beyond 3 rd Year onwards (two proposals) 92.3(i) Request of M/s. Algolog Systems Pvt. Ltd., a unit in the IT/ITES SEZ of Ansal IT City Parks Ltd. at Plot No. TZ-06, Techzone, Greater Noida for extension of LoP dated 26.10.2015 up to 25.10.2021. The Board, after deliberations, approv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egulate 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 to lease of land, as applicable. vii. The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. 92.5(ii) Request of M/s. Brookefields Real Estates and Projects Pvt. Ltd SEZ located at Bangalore (Developer) for change of name to M/s. Brigade Properties Private Limited. The Board, after deliberations, approved the proposal for change in name from M/s Brookefields Rea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erger, 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 to lease of land, as applicable. vii. The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. 92.5 (iv) Request for transfer of Global Village Tech Parks SEZ from Tanglin Developments Limited (Developer) to Global Village Tech Parks Private Limited and proposed change in control of GV Teen Parks Private Limited at Global Village, Pattenegere/Mylasandra Village, Off Mysore Road, RVCE Post, Bangalore, in the State of Karnataka. The Board, was informed by DC, CSEZ that the developer proposes for change in contr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the DC, CSEZ to approve the proposed change in Phase-II subject to the applicant fulfiling the above conditions as applicable. 92.6 Miscellaneous Cases (five proposals) 92.6(i) Writ Petition (Civil) No. 13841/2018 filed by M/s Jagat Gems and Jewellery Vs Union of India and others before the Hon'ble High Court or Delhi. The Board heard the appellant in detail. On the request of the appellant, the Board granted one week time to him to make his fresh submissions in writing along with necessary documents, if any. The Beard, after deliberations, decided to defer the matter for the next meeting. 92.6(ii) Request of M/s Rain CII Carbon (Vizag) Ltd. for procurement of Raw Pet Coke (RPC) from DTA units. The Board, after deliberations, approved the request of the unit. 92.6 (iii) Proposal of M/s. Orvi Design Studio for import of Marble Blocks and Marble Slabs as raw material in respect of its unit located in the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. at Village Kalwara, Jhai, Bhamboriya, Bagru Khurd Newtn, Tehsil-Sananer, Distt- Jaipur (Rajasthan). ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the LoA for the block period of 2019-2024. The Board heard the appellant. During the course of hearing the appellant submitted that their project is viable now as they have signed MoU with strategic partner who will invest ₹ 13.5 crores to revive the plan. The Board, after deliberations, decided to grant an extension of five years to the unit subject to annual review of milestones achieved and compliance of regulatory aspects. The appellant is directed to submit a list of annual milestones to be achieved to the DC, who may finalize the same. 92.7(iii) Appeal of M/s. Confidence Petroleum India Ltd. against the decision of the UAC, APSEZ Special Economic Zone vide order dated 17.07.2019 rejecting request for renewal of LoA. The Board heard the appellant. The appellant submitted that they have good orders in hand including an order valued ₹ 18 crores from Bangladesh and an order of approx. ₹ 24.25 cr from their International Plant engaged in bottling in Indonesia. The appellant also committed to settle the House Tax, Lease Rent and Electricity dues etc. The Board, after deliberations, de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acturing Pvt. Ltd. in the Noida SEZ for extension of Letter of Permission (LOP) beyond 11.09.2019 upto 11.09.2020. The Board, after deliberations, approved extension of the validity of the LoP up to 11th September, 2020. 92.10(ii) Request of M/s. Vintage Linen in the Noida SEZ for extension of Letter of Permission (LOP) beyond 23.07.2019 upto 23.07.2020. The Board, after deliberations, approved extension of the validity of the LoP up to 23rd July, 2020. 92.11 Proposal for change of shareholding pattern (two proposals) 92.11(i) Proposal of M/s. Arshiya Northern Projects Pvt. Ltd., co-developer of M/s. Arshiya Northern FTWZ Ltd., Khurja (Uttar Pradesh) for change in shareholding pattern of the company. The Board, after deliberations, approved the proposal subject to approval by relevant statutory bodies with 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-developer, including security clearances ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tions of the Income Tax Act, 1961. vi. The applicant shall comply with relevant Stale 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. Item No. 92.12 Rules for co-developer (2 proposals) 92.12(i) Request of M/s. Arshiya Infrastructure Developers Private Limited for Co-developer status in the Free Trade and Warehousing Zone of M/s. Arshiya Northern FTWZ Ltd. at Village Ibrahimpur, Junaidpur urf Maujpur, Tehsil Khurja, Distt. Bulandshahr (U.P.) for Operation, Maintenance and leasing of existing Warehouse No. 54 constructed on land admeasuring 1.18 Hectare. The Board, after deliberations, approved the proposal of M/s. Arshiya Infrastructure Developers Private Limited for Operation, Maintenance and Leasing of existing Warehouse No. 54 constructed on land admeasuring 1.18 Hectare 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 shall be in accordance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osal to be withdrawn. 92.14(iii) Permission for laying GAIL's 8th dia Natural Gas Pipeline along with OFC across/along the various utilities within the jurisdiction of SEZ, Dahej in Bharuch District. The Board, after deliberations, in view of the undertaking given by M/s GAIL (India) Limited, approved the proposal. ******* ANNEXURE -I List of Participants for the Meeting of the Board of Approval for Special Economic Zones held on 4th October, 2019 under the Chairmanship or Commerce Secretary, Department of Commerce. 1. Shri Anup Wadhawan. Chairman, BoA Commerce Secretary, Department of Commerce 2. Shri R.P. Goyal, Additional, DGFT 3. Shri Bidyut Behari Swain, Additional Secretary, Department of Commerce 4. Shri Senthil Nathan S, Deputy Secretary, Department of Commerce. 5. Shri Gulzar Ahmad Wani, DCIT (OSD), ITA-I, CBDT 6. Shri Ram Chander Sankhla, Pr. ADG, DGEP, M/o Finance 7. Sanjay Bansal, ADG, DGEP 8. Shri Nikhil Kumar Kanodia, Director. DPIIT, M/o C I 9. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
