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TMI BlogMinutes of the 114th meeting of the Board of Approval for SEZs held on 15th April, 2023 at Vishakapatnam SEZ (VSEZ)X X X X Extracts X X X X X X X X Extracts X X X X ..... after deliberations, approved extension of the validity of formal approval upto 30th March, 2024. 114.2(ii) Request of M/s Phoenix Ventures Spaces Pvt. Limited for extension of the validity period of formal approval granted for setting up of IT/ITES SEZ at Sy. No. 35 (P) 36, Gachibowli beyond 30.03.2023. The Board, after deliberations, approved extension of the validity of formal approval upto 30th March, 2024. 114.2(iii) Request of M/s Phoenix IT City Private Limited for extension of validity period of formal approval, granted for setting up of IT/ITES SEZ at Sy. No. 53/paiki/part, Gachibowli beyond 30.03.2023. The Board, after deliberations, approved extension of the validity of formal approval upto 30th March, 2024. 114.2(iv) 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. 285, Puppalguda beyond 303.2023. The Board, after deliberations, approved extension of the validity of formal approval upto 30th March, 2024. 114.3: Request for extension of LoA of unit (3 proposals) 114.3(i) Request of M/s. Wockhardt Ltd. Unit 3, located at Plot No. E-1/2 in Wokhardt Infrastructure De ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . for the purpose of assessment under the prevalent Income-tax Act, 1961 and Income-tax Rules, 1962 as amended from time to time. The lease period shall be in accordance with DoC's Instruction No. 98 dated 29th August, 2019. 114.5: Request for addition area of the SEZ (one proposal) 114. 5(i) Request of M/s. NSL SEZ (Hyderabad) Private Limited for additional area notification of 2.19 Ha (beyond 10%) to their IT/ITES SEZ at IDA Uppal, Medchal Malkajgiri District, Telangana already notified over an area of 3.78 Ha. The Board, after deliberations, approved the request of M/s. NSL SEZ (Hyderabad) Private Limited for increase in area of 2.19 hectares, subject to contiguity of the land in the SEZ being maintained. 114.6 Request for Change in Sector (one case) 114.6(i) Request of M/s. Integrated Chennai Business Park (India) Private Limited for change of sector of its Free Trade Warehousing Zone at Vallur Edayanchavadi Villages in Ponneri Taluk, Tiruvallur District, Tamil Nadu into 'Multi Sector SET in terms of SEZ Rules amendment Notification dated 17.12.2019. The Board, after deliberations, decided to approve the proposal of the developer for change of sector of its Free Trade W ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 14.7(iii) Clarification on instruction no. 95 allowing SEZ unit to set up cafeteria, creche, gymnasium and similar facilities. During the meeting, DoR was of the view that since the benefits have been denied by DoC vide Instruction No. 95 dated 11.06.2019; the matter may be examined in detail by DoC before taking it up for consideration in BoA. The Board, after deliberations, decided that the matter may be discussed with DOR and after obtaining their concurrence, required clarification / amendment in instruction be issued and put up for the information of BoA. 114.7(iv) Proposal of M/s. Prompt International Limited, an SEZ unit at Plot no. 119, NSEZ ad measuring 1000 sq. Mtrs. for revival of sick unit in terms of Rule 72(1) of SEZ Rules, 2006. The Board noted that the unit was granted LoA on 26.12.1991 for manufacturing of readymade garments and the LoA was last extended upto 31.03.2005. The unit was declared sick as per the certificate dated 12.02.2008 issued by the Joint Director, Directorate of Industries, Government of Uttar Pradesh, Meerut. The unit did not get its LoA extended after 31.03.2005 and now, it is more than 18 years since LoA has lapsed. Further, it is not clear fr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eloper status in M/s. Mikado Realtors Private Limited at Behrampur, Gurugram, Haryana. The Board, after deliberations, approved the proposal of M/s. Tabreed Infopark Cooling Private Limited for co-developer status for provide HVAC Services, installing and operating district cooling plants and installation, operation and maintenance of the overall HVAC Services in Intellion Park, Gurugram SEZ area and undertaking other default authorised operations, over an area of 10.221 Ha. in accordance with the co-developer agreement dated 17.03.2023 entered into with the developer subject to standard terms and conditions as per the SEZ Act and Rules. Further, the Assessing Officer will have the right to examine the taxability of the income by way of lease rentals/down payment/premium etc. for the purpose of assessment under the prevalent Income-tax Act, 1961 and Income-tax Rules, 1962, as amended from time to time. The lease period shall be in accordance with DoC's Instruction No. 98 dated 29th August, 2019. 114.9(ii) Request of M/s. Shilp Infraprojects LLP, Ahmedabad for approval as Co-Developer within the processing Area in GIFT-Multi Services SEZ at Ratanpur, District Gandhinagar, Gujara ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a requirement for SEZ Co-developer appointment, such minimum land or area requirement is there only for SEZ Developer only. Co-developers are subset of SEZ Developer and mainly appointed to set up/provide various types of infrastructure facilities within SEZ as per Section 3(11) of SEZ Act, 2005. The Board, after deliberations, approved the proposal of M/s. Nhava Sheva Business Park Private Limited (Co-Developer) for Broad Banding of Authorized operations i.e., Leasing of Land/Built up space to manufacturing/processing units, Security Systems, Telecommunication/ Communication Services, Facilities Infrastructure management services in JNPT-SEZ subject to strict adherence with SEZ Act/RuIes and Instructions of Doc. Further, the Board observed that as per the amendment vide Gazette Notification dated 17.12.2019 in SEZ Rules, 2006, all existing notified SEZ shall be deemed to be multisector SEZ. Accordingly, BoA directed DOC to examine whether the power to approve proposals of broad banding of authorised operations of Developer and Co-Developer of SEZs can be delegated by BoA to the concerned DC of SEZs. 114.10(ii) Request of M/s Raj Rajeshwar Lalita Tripursundari Private Limited, Atch ..... X X X X Extracts X X X X X X X X Extracts X X X X
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