Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Minutes of the 109th meeting of the Board of Approval for SEZs held on 31st March, 2022 to consider setting up of Special Economic Zones and other miscellaneous proposals

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on of LoA of the Developers (three proposals) 109.2 (i) Proposal of M/s. State Industries Promotion Corporation of Tamil Nadu Ltd. (SIPCOT) Industrial Park, Bargur, Uthangarai, Pochampalli Taluk, Krishnagiri District, Tamil Nadu for extension of validity of LOA. The Board, after deliberations, approved extension of the validity of formal approval up to 31st March, 2023. 109.2 (ii) Request of M/s. Phoenix Spaces Pvt. Limited for further extension of the validity period of formal approval, granted for setting up of IT/ITES SEZ at Sy. No. 286 & 287, Puppalguda Village, Rajendra Nagar Mandal, Ranga Reddy District, Telangana beyond 30.3.2022. The Board, after deliberations, approved extension of the validity of formal approval up to 31st March, 2023. 109.2 (iii) Request of M/s. Phoenix IT City Pvt. Limited for further extension of the validity period of formal approval granted for setting up of IT/ITES SEZ at Sy. No. 53/paiki/part, Gachibowli Village, SerilingampallyMandal, Ranga Reddy District, Telangana beyond 30.3.2022. The Board, after deliberations, approved extension of the validity of formal approval up to 31st March, 2023. 109.3 Request for extension of LoA of the units ( .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... se period shall be in accordance with DoC's Instruction No. 98 dated 29.08.2019. 109.4 (iii) Request from M/s. Adani Total Gas Limited for approval for co-developer status to develop, operate and maintain infrastructure facilities in Adani Ports and SEZ. The Board, after deliberations, approved the proposal of M/s. Adani Total Gas Limited for co-developer status for development, operation and maintenance with respect to the following infrastructure facilities within APSEZ Mundra : 1. Natural Gas Distribution Network along with necessary facilities of appropriate capacity for gas storage. 2. Gas Pipeline Network for transmission of gas. 3. CNG/LONG Stations to retail CNG as a transport fuel. The activities shall be in accordance with the co-developer agreement dated 14.02.2022 entered into with the developer subject to standard terms and conditions as per the SEZ Act and Rules and compliance with conditions and observations of CBDT and CBIC, which will be mentioned in LoA to be issued subsequently. The co-developer shall cater to the needs of SEZ units only and no DTA clearances shall be allowed. The lease period shall be in accordance with DoC's Instruction No. 98 dat .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ng area admeasuring 33197 sq.mtr. for construction, operation, maintenance and repair of health centre, education centre, residential complex, shopping complex, other buildings and infrastructure viz. internal roads, external roads, parking, drainage, boundary wall, landscaping etc. The activities shall be in accordance with the co-developer agreement dated 01.02.2022 entered into with the developer subject to standard terms and conditions as per the SEZ Act and Rules and compliance with conditions and observations of CBDT and CBIC, which will be mentioned in LoA to be issued subsequently. The lease period shall be in accordance with DoC's Instruction No. 98 dated 29.08.2019. 109.4(vi) Request of M/s Smartbiz Bay Kochi Private Limited for Co-Developer status in INI/s Smart City Kochi Infrastructure Pvt. Ltd. SEZ, Kerala. The Board, after deliberations, approved the proposal of M/s. Smartbiz Bay Kochi Private Limited for co-developer status for developing, operating and maintaining IT/ITES building, support infrastructure facilities/recreation facilities including gaming zone, welfare facilities of SEZ employees etc. over an area admeasuring 2.27 acres (0.92 Hectares)in the S .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... yndicate Innovations International Ltd. for addition of 'restricted items' to the list of items in the Letter of Approval of the unit in the FTWZ of M/s. Arshiya Northern FTWZ Ltd. at Khurja, District Bulandshahr, Uttar Pradesh. The Board decided to defer the proposal and directed DC, NSEZ to revisit the business model of M/s Syndicate Innovations International Ltd. and furnish a clear proposal with his recommendations. 109.7 Proposal for setting up of SEZ (one proposal) 109.7(i) Proposal for setting up of a Multi-Sector SEZ at Pelakuppam Village, Villupuram District, Tamil Nadu over an area of 67.75 Ha (167.41 Acres) by M/s. Cheyyar SEZ Developers Private Limited. The Board, after deliberations, approved the proposal for setting up of Multi sector Special Economic Zone at Pelakuppam Village, Villupuram District, Tamil Nadu over an area of 67.75 Ha (167.41 Acres). Decision on Supplementary Agenda 109.8 Request for extension of LoA of the Developers (four proposals) 109.8(i) Proposal of M/s. Phoenix Spaces Pvt. Limited for further extension of the validity period of formal approval granted for setting up of IT/ITES SEZ at Sy. No. 285, Puppalaguda Village, Rajendra Nag .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g services, transport, PMC services, access control & monitoring, road network, commercial or industrial construction, advertising & marketing and other consultancy services and undertaking other authorized operations over an area of 12140 sq. mtrs. in accordance with the co-developer agreement dated 28.12.2021 entered into with the developer subject to standard terms and conditions as per the SEZ Act and Rules and compliance with conditions and observations of CBDT and CBIC, which will be mentioned in LoA to be issued subsequently. The lease period shall be in accordance with DoC's Instruction No. 98 dated 29.08.2019. 109.10(ii) Request of M/s. P-One Techpark Pvt. Ltd. for approval as a Co-developer on land admeasuring 223.560 Ha at MIDC IT/ITES SEZ at Rajiv Gandhi Infotech Park, Hinjewadi, Phase-III, Pune. The Board, after deliberations, approved the proposal of M/s. P-One Techpark Ltd. for co-developer status for undertaking Power Distribution Business along with related allied services including Power Purchase, setting up of sub-station and related infrastructure in MIDC IT/ITES SEZ area in accordance with the co-developer agreement dated 03.03.2022 entered into with the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . The Board noted that MoEF&CC, vide their notification dated 27.01.2021, had allowed import of 'post industrial or pre-consumer polyethylene wastes' and `polyrnethyl methacrylate' by the SEZ units and EOUs only. It was also noted that the import of these items are not permissible to the DTA. Further, the representative from the MoEF&CC confirmed that import of 'post industrial or pre-consumer polyethylene wastes' and `polymethyl methacrylate' by the SEZ units and EOUs would not be affected after 18 months from the date of notification. However, the percentage of export obligation may only be decided after review / audit to be undertaken by MoEF&CC / CPCB in accordance with the said notification. The Board, after deliberations agreed to recommend that DoC may propose policy amendment enabling extension of LoA of such plastic recycling units for 5 years' subject to fulfillment of restrictions / prohibitions / any other rules / regulations imposed by MoEF&CC from time to time on import of plastic waste / scrap by SEZ units / EoUs. Accordingly, DoC may revise policy on the matter issued on 27.05.2021 with the approval of competent authority. The Board fu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates