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TMI BlogMinutes of the 52nd meeting of the SEZ Board of Approval held on 30th March 2012 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 ..... order of 8,15,308 persons has been generated in the SEZs. During the financial year 2010-11, total exports to the tune of Rs. 3,15,867.85 crores have been made from the SEZs, registering a growth of about 43.11% over the exports for the year 2009-10. Exports in the current financial year (i.e. up to 31.12.2011) have been to the tune of Rs. 2,60,972.89 crores. Item No. 52.1: Proposals for setting up of SEZs. (i) Proposal of M/s. Agroweb Online Private Limited, for setting up of a sector specific Special Economic Zone for IT/ITES at Village Kanadia, Tehsil District Indore, Madhya Pradesh, over an area of 14.544 hectares. The Board noted that the Developer was in possession of the land. The Government of Madhya Pradesh had also recommended the proposal for formal approval vide their letter dated 10.03.12. Accordingly, the Board decided to grant formal approval to the proposal of M/s. Agroweb Online Private Limited, for setting up of a sector specific Special Economic Zone for IT/ITES, at Village Kanadia, Tehsil District Indore, Madhya Pradesh, over an area of 14.544 hectares. (ii) Proposal of M/s. Wipro Limited, for setting up of a sector specific Special ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... developer. Since, as a matter of policy the Board has not been granting in-principle approval of the SEZ requiring a minimum land area of 10 Ha, the proposal was deferred . Item No.52.2: Requests for co-developer All BoA sanctioned approvals to co-developers are subject to the condition that particular terms and conditions of lease agreement/co-developer agreement will not have any bearing on the treatment of the income by way of lease rentals/down payment/premium etc., for the purposes of assessment under the prevalent Income Tax Act and Rules. The Assessing Officer, will have the right to examine the taxability of these amounts under the SEZ Act and Income Tax Act as applicable. This is applicable to all the cases of co-developers approved by the BoA in this meeting. The Board further directed that proposals for grant of codeveloper status should be accompanied by lease deed/draft lease deed which must inter-alia contain the details of financial transactions/arrangements between developer and proposed co-developer. The decisions of the proposals are as under:- (i) Request of M/s. Earth Iconic Infrastructures Private Limited for co-developer in the sector specific S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or setting up of sector specific SEZ for Textiles at Gurgaon, Haryana, beyond 16th August 2012(beyond 6th year) The Board directed DC NSEZ to seek a report in the matter from the Government of Haryana before taking a final decision in the matter. Accordingly, the proposal was deferred. (iii) Request of M/s. Gujarat Hira Bourse for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for Gems and Jewellery at Ichhapor, Surat, Gujarat beyond 6th April 2012 (beyond 6th year) The Board after deliberations extended the validity of the formal approval up to 6th April, 2013. Item No. 52.4: Request for grant of second extension of in-principle approval. (i) Request of M/s. Karaikal Port Private Limited for extension of in-principle approval granted for setting up of a Port Based Multi Product SEZ, over an area of 243.506 hectares, at Vanjore village, Thirupattinam Commune, Karaikal District, Pondicherry, beyond 26th February, 2012 The Board after deliberations extended the validity of the in-principal approval up to 26th February, 2013. Item No. 52.5: Requests for extension of LoP of units beyond 3rd to 5th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... equest of the unit directing the DC to furnish a detailed report on the nature and type of product proposed to be broadbanded in the context of the existing manufacturing unit of the SEZ. Item No. 52.10: Request for permission to shift M/s. Prayas Woolens Private Limited from EOU scheme to SEZ scheme in KASEZ, Gandhidham The applicant was heard on his request. The Board noted that as per rule 18 (4) (c) of the SEZ Rules no proposal shall be considered for setting up of a unit for reprocessing of garments or used clothing or secondary textiles materials and other recyclable textile materials into clipping or rags or industrial wipers or shoddy wool or yarn or blankets or shawls. Since, the unit is engaged in reprocessing of worn clothing, the Board, in view of the above stated position, rejected the request. Item No. 52.11: Appeal before Board of Approval (i) Appeal of M/s. CMC Limited, a unit in the sector specific SEZ for IT/ITES at Rajarhat, Kolkata being developed M/s. DLF IT/ITES SEZ, against rejection of its request for approval of certain services for carrying authorized operations The appellant was heard by the Board. Board did not find any merit to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of Commerce 1. Dr. Rahul Khullar, Chairman BOA Secretary, Department of Commerce. 2. Smt. Ruchira Pant, Director General (DG), Department of Revenue, Ministry of Finance 3. Shri Raman Chopra, Director (ITA), CBDT, Department of Revenue, Ministry of Finance 4. Shri A.K. Pujari, DGFT, Director General of Foreign Trade 5. Shri Vivek Ranjan, Additional Director, Department of Revenue, Ministry of Finance 6. Ms. H.K. Prasad, Additional Director (Export Promotion), DGEP, Department of Revenue, Ministry of Finance. 7. Dr. L. B. Singhal, Joint DGFT, Director General of Foreign Trade 8. Shri S. Singh, Secretary, AIADA 9. Dr. Reeta Vasishta, Additional Legislative Counsel, Ministry of Law Justice, New Delhi 10. Smt. Jyoti Kalash, Resident Commissioner, Nagaland House, New Delhi 11. Shri O.P. Kapoor, Joint DG, EPCES 12. Smt. Nimisha, I/c. DGM (Planning), Greater Noida Industrial Development Authority, Uttar Pradesh 13. Shri S.K. Sharma, Director (EP), Office of Development Commissioner (MSME), Ministry of MSME, Nirman Bhawan. 14. Shri Hardyal Schrawat, Joint Director, Industries, Department of Industries, Government of Haryana ..... X X X X Extracts X X X X X X X X Extracts X X X X
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