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TMI BlogMinutes of the 74th meeting of the Board of Approval for SEZ held on 6th January 2017 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 ..... has taken sufficient steps towards operationalisation of the project and further extension is based on justifiable reasons. Board also observed that extensions may not be granted as a matter of routine unless some progress has been made on ground by the developers. The Board, therefore, after deliberations, extended the validity of the formal approval to the requests for extensions beyond fifth years for a period of one year and those beyond sixth year. for a period of 6 months from the date of expiry of last extension . (i) Request of M/s. Tata Steel Special Economic Zone Ltd. for further extension of validity period of its formal approval for setting up a multi product SEZ at Gopalpur, District Ganjam, Odisha beyond 17th December, 2016 The Board, after deliberations, extended the validity of the formal approval up to 17th December, 2017. (ii) Request of M/s. G.P. Realtors Private Limited for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for Electronic Hardware IT/ITES at village Behrampur, Balola and Bandhwari, Tehsil Sohna, Gurgaon, Haryana, beyond 25th January, 2017 The Board, after delibe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or merger of its five SEZs was also taken up together with agenda items no 74.1 (viii) and 74.1 (ix) regarding the proposals for the extension of formal approvals in respect of two SEZs of M/s. Mahindra World City (Jaipur) Ltd. 74.6 (vii) Proposal of M/s. Mahindra World City (Jaipur) Ltd. for merger of its five SEZs (IT/ITES SEZ, Engineering Related Industries SEZ, Handicraft SEZ, Gem Jewellery SEZ IT/ITES including Software Hardware manufacturing SEZ) located at Village Kalwara, Jhai Bhambhoriya, Bagru Khurd Newta, Tehsil Sanganer, District Japur, Rajasthan into one multi product SEZ It was informed that the developer had originally applied for a single integrated SEZ in 2006 in an area of 2500 acres (letter from Govt of Rajasthan as provided by RIICO enclosed). However, since at that time minimum land requirement for such SEZ was 1000 ha (2500 acre) and the same was not in possession of the developer, they could not meet this requirement and therefore, they applied for separate sector-specific SEZs. However, later in 2013, the requirement for multi-product SEZ has been revised to 500 ha. Total land area of five SEZs is 604.5836 ha. Therefore, the developer h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... posals) (i) Request of M/s. G. Metals Company, a unit in NSEZ at Plot No. 98, NSEZ for extension of validity period of its LoP beyond 27 th October, 2016 The Board, after deliberations, extended the validity of the LoP up to 27 th October, 2017. (ii) Request of M/s. Pinkcity Jewel House Pvt. Ltd., a unit in Sitapura, Jaipur SEZ for extension of validity period of its LoP beyond 2 nd September, 2016 The Board, after deliberations, extended the validity of the LoP up to 2 nd September, 2017. (iii) Request of M/s. Amneal Oncology Pvt. Ltd., a unit in TSIIC Limited SEZ at Polepally village, Jadcherla Mandal, Mahaboob Nagar District, Telangana for extension of validity period of its LoP beyond 13 th December, 2016 The Board, after deliberations, extended the validity of the LoP up to 13 th December, 2017. Item No. 74.3: Requests for co-developer (1 proposal) ( i) Request of M/s. India Power Corporation (Bihar) Private Limited for co-developer in the multi product SEZ at Nanguneri, Tirunelveli District, Tamil Nadu, being developed by M/s. AMRL Hitech City Ltd. After deliberations, the Board approved the proposal of M/s India Power ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of M/s. Phoenix Embassy Tech Zone Private Limited for setting up of a sector specific SEZ for IT/ITES at Sy. No. 115/35, Nanalramguda Village, Serilingampally Mandal, Ranga Reddy District, Telangana, over an area of 2.02 hectares. The Board, after deliberations, approved the proposal for setting up of a sector specific Special Economic Zone for IT/ITES at Sy. No. 115/35, Nanakramguda Village, Serilingampally Mandal, Ranga Reddy District, Telangana, over an area of 2.02 hectares. (vi) Request of M/s. Phoenix Embassy Tech Zone Private Limited for setting up of a sector specific SEZ for IT/ITES at Sy. No. 203 Part, Manikonda Jagir Village, Serilingampally Mandal, Ranga Reddy District, Telangana, over an area of 2.02 hectares. The Board, after deliberations, approved the proposal for setting up of a sector specific Special Economic Zone for IT/ITES at Sy. No. 203 Part, Manikonda Jagir Village, Serilingampally Mandal, Ranga Reddy District, Telangana, over an area of 2.02 hectares. Item No. 74.5: Change of Shareholding Pattern (3 proposals) (i) Request of M/s. United Health Group Information Systems Pvt. Limited under VSEZ for change of shareholding patterns ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ules 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 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 unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. viii) Meanwhile, the proposal for amendment in SEZ Rules may also be taken up by the SEZ division to bring clarity on such transactions. (iii) Request of M/s. UnitedHealth Group Information Systems Pvt. Limited under NSEZ for change of shareholding patterns of the following units. The unit -1 was granted LoP on 02.05.2012 in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing centre will cater only to the employees of the SEZ units in the Aequs SEZ. (iv) Request of M/s. Milak Warehouse, Kandla SEZ for permission to warehouse of imported raw sugar for 100% export in their existing LoA The Board, after deliberations, rejected the proposal. (v) Request of M/s. A One Duty Free Private Limited for procurement of Cigarette from ITC Limited without paying duty against ARE-1 form and supplies to Duty Free Shops Bonded Warehouses Foreign Vessels. The Board, after deliberations, deferred the proposal with directions that policy on allowing trading activities in SEZs as well as trading in sensitive items may be examined in detail. (vi) Request of M/s. Maithan Alloys Limited (formerly known as M/s. Anjaney Alloys Ltd.), a Unit in APSEZ, Atchutapurma, Visakhapatnam District, Andhra Pradesh for permission for import of Ferro Manganese Slag The Board, after deliberations, approved the proposal. Item No. 74.7: Appeals before BoA (One proposal) (i) Appeal of M/s. Sunny View Estates Private Ltd. as Co-Developer of IT/ITES SEZ viz. Quarkcity India Pvt. Ltd. at Mohali, Punjab against the decision of UAC. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rastructure/facilities to be undertaken in the entire area of the SEZ in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules. Item No. 74.11: Proposals for setting up of SEZs (One proposal) (i) Request of M/s. L T Construction Equipment Limited (Reality Division) for setting up of a sector specific SEZ for IT/ITES at L T Park SEZ Plot 2, L T Campus, Bellary Road, Byatarayanapura, Next to GKVK, Bangalore, Karnataka over an area of 4.95 Hectares. The Board, after deliberations, deferred the proposal as recommendation of the State Government was awaited. Decision on Table Agenda Item No. 74.12: Miscellaneous Cases (i) Request of M/s. Wipro Ltd. at Survey No. 39, Old TB Hospital Area, Visakhapatnam to add additional area to the already approved area for its IT/ITES SEZ The Board, after deliberations, rejected the proposal. Annexure I List of Participants for the Meeting of the Board of Approval for Special Economic Zones held on 6m January, 2017 under the Chairpersonship of Commerce Secretary, Department of Commerce 1. Ms. Rita Teaotia, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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