9911796707
TMI BlogMinutes of the 118th meeting of the Board of Approval for SEZs held on 06th February. 2024 at Vanijya Bhawan. New DelhiX X X X Extracts X X X X X X X X Extracts X X X X ..... period of formal approval beyond 06.12.2023. The Board, after deliberations, approved extension of the validity of formal approval for one year upto 06.12.2024. Further, the Board has observed that the formal approval was granted in 2016 and 4 extensions have already been granted. Total proposed investment is Rs. 1030 Crores and the Developer has invested only Rs. 528.05 Crores. Accordingly, the Board directed that the Developer should be invited in the next meeting through Video Conferencing (VC) mode to explain the reasons for delay. 118.2(ii) Request of M/s. Laxmi Infobahn Aquaduct Private Limited, IT/ITES SEZ at Sy. No. 21/P, 22/P, 23 and 24, Kokapet Village, Gandipet Mandal, Ranga Reddy District, Telangana, for extension of the validity period of formal approval beyond 18.01.2024. The Board, after deliberations, approved extension of the validity of formal approval for one year upto 18.01.2025. Further, the Board has observed that the formal approval was granted in 2017 and 4 extensions have already been granted. Total proposed investment is Rs. 850.76 Crores and the Developer has invested only Rs. 199.23 Crores. Accordingly, the Board has directed that the Developer should be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... essing area of M/s. Impetus IT/ITES SEZ at Survey No. 291, Village - Badiyakeema, Indore, Madhya Pradesh. The Board, after deliberations, approved the proposal of M/s. Intellicus Technologies Private Limited for Co-developer status in M/s. Impetus Technologies India Pvt. Ltd. SEZ as per the details given below: - i. to develop a land area of 23,847 square meters in processing area with below infrastructure: (a) Development of two new IT buildings with requisite infrastructure including other buildings and facilities viz. Sports Complex, Badminton hall, Basketball, Tennis Court, Amfi Theatre and Cafeteria having total built-up area admeasuring 23,317.5 square meters. (b) Operation, maintenance and repair of infrastructure facilities including internal roads, parking, drainage, pump room, firefighting instruments etc. in the land area of 23,847 square meters. ii. to develop the entire land area of 33,197 square meters in non-processing area with below infrastructure: Construction, operation, maintenance and repair of health centre, education centre, shopping complex, residential complex, guest house, hotel along with operation maintenance and repair of existing infrastructure facilit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 66,280 sq.ft. (2nd 3rd Floor of Block C-4 Building), in accordance with the Co-developer agreement dated 07.11.2023 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 August, 2019. Furthermore, the area restrictions for duty paid shall be as per the Rule 11A(3)(c) of the SEZ Rules, 2006. The other conditions of the LoA shall remain the same. The Board further directed DoC to examine delegation of power of BOA to UAC for the matters related to change in authorized operations, change in area etc in case of Developers with due safeguards. 118.6(ii) Request of M/s Trish Facilities and Developers Pvt. Ltd. for decrease in area and de-scaling of proposed activities in the approval as Co-Developer in M/s. Impetus IT/ITES SEZ at Survey No. 291, Village - Badiyakeema, Indore, Madhya Pradesh. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Assemblies for Air Defence System ii. Electronic Assembly for Medium Range Surface to Air Missile Accordingly, the Board, after deliberations, approved the proposal of the Unit subject to the following terms and conditions: i. Obtaining other relevant clearances from any other statutory/regulatory bodies and ii. Stipulations with respect to the monitoring, security audit, other compliance verification mechanisms and consequential requirements as per the Security Manual issued by Department of Defence Production shall be undertaken by Ministry of Defence and Ministry of Home Affairs as specified in the said Manual who shall be informed of the same. Further, the Board has given direction to DC, CSEZ to ensure that all security instructions / architecture prescribed in the Security Manual for Licensed Defence Industries, issued by MOD from time to time are strictly adhered to in coordination with MOD and MHA, as stipulated in the Security Manual. 118.8(ii) Proposal of M/s. Candor Gurgaon One Realty Projects Pvt. Ltd., Developer, for revision in area of authorised operations approved by BoA, in the processing area of the IT/ITES SEZ at Village Tikri, Sector 48, Gurugram, Haryana. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EZ withdrawing the permissions for warehousing of Arecanut/Betelnut and Pepper. The Board, after deliberations, deferred the above appeals to the next meeting. Further, the Board directed to get the appellants present their cases [in item no. 1 18.9(ii) to 118(v)] only through Video Conferencing (VC) mode. Decision on Supplementary Agenda: 118.10: Request for extension of LoA of Unit (1 proposal) 118.10(i) Request of M/s. Kanam Latex Industries Pvt. Ltd. a Unit in AMRL Hi Tech City Ltd, Multi Product SEZ, Nanguneri, Tirunelveli District, Tamil Nadu for extension of Letter of Approval (LOA) from 01.03.2024 to 28.02.2025. The Board, after deliberations, approved extension of validity of LoA for a further period of one year upto 28.02.2025. 118.11: Request for increase/decrease in area of the co-developer (1 proposal) 118.11(i) Request of M/s. ANSR Global Corporation Pvt. Ltd. for increase in area of their co-developer area in M/s. Phoenix Tech Zone Pvt. Ltd. at Sy. No. 203(P), Manikonda Village, Rajendra Nagar Mandal, Telangana. The Board, after deliberations, approved the proposal of M/s. ANSR Global Corporation Pvt. Ltd. for increase in built-up area of 2.46 Ha (2,65,151 sq. ft.) [ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of M/s. Oryx IT Society, Co-Developer in M/S. Phoenix Tech Zone Pvt. Ltd, SEZ for IT/ITES at sy. No. 118-138 (P), Gachibowli Village, Serilingampally Mandal, Ranga Reddy District, Telangana for transfer of Formal Approval and Co-Developer status to M/s. Evermark IT Developers Pvt. Ltd. The Board has deferred the case to the next meeting. 118. 12(iv) Request of M/s. Spectrum IT Society, Co-Developer for M/s. Phoenix Spaces Pvt. Ltd, SEZ for IT/ITES at Sy. No. 285 Kokapet Village, Rajendra Nagar Mandai, Ranga Reddy District, Telangana for transfer of Formal Approval and CoDeveloper status to M/s. Evermark IT Developers Pvt. Ltd. The Board has deferred the case to the next meeting. 118.12(v) Request of M/S. Fortune IT Society, Co-Developer for M/S. Phoenix spaces Pvt. Ltd, SEZ for IT/ITES at sy. No. 286 287, Kokapet Village, Rajendra Nagar Mandal, Ranga Reddy District, Telangana for transfer of Formal Approval and Co-Developer status to M/S. Evermark IT Developers Pvt. Ltd. The Board has deferred the case to the next meeting. 118.12(vi) Cancellation of Formal Approval pertaining to M/S. Madhusheel Infra Projects Pvt. Ltd, SEZ for IT/ITES at sy. No. 229-232, Gaganpahad Village, Rajen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed at Plot No. 9J, Sector - 17 at MIHAN-SEZ, Nagpur. The Board, after deliberations, approved the proposal of M/s. Delastream Solutions Pvt. Ltd. for Co-developer status in M/s. Maharashtra Airport Development Company Ltd. for Construction of buildings for SEZ units for Multi-products and Services industry with associated infrastructure and services as may be required for unkeep, maintenance and repair of common area facilities at site including Security, Fire, protection systems, Water treatment, Storm drainage Sewage disposal, HVAC Systems, Landscaping Water bodies, Housekeeping services, Transport, PMC Services, Access Control Monitoring, Road network, Commercial or Industrial construction, Advertising Marketing and other Consultancy Services and undertaking other Authorized Operation as per Instruction No. 50 dated 15.03.2010 issued by MoC I, over an area of 12,140.725 Sq.Mtr., in accordance with the Co-developer agreement dated 20.11.2023 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the IT/ITES SEZ at Plot No. 3A, 3B 2C, Sector-126, Noida (U.P.). The Board, after deliberations, approved the proposal of M/s. HCL Technologies Limited for procurement of the following 'Restricted' items from DTA to carry on authorized operations in the IT/ITES SEZ at Plot No. 3A, 38 2C, Sector-126, Noida (U.P.):- S. No. Authorized Operation/ item description Sl. No. at default list of Autho. Opr. As per Inst. No. 50 54 Estimated Cost (Rs. In lakhs) i. Air Conditioning of processing area. i. R-22 Refrigerant (HSN 29037100) ii. R-407c Refrigerant (HSN 38276400) iii. R-410a Refrigerant (HSN 38276300) iv. R-32 Refrigerant (HSN 29034200) 21 45.43 118.18(ii) Proposal for construction and opening of Gate No. 5 for Mega CFC. The Board, after deliberations, approved the proposal for construction and opening of Gate No. 5 for Mega CFC subject to the condition that any additional cost so incurred including cost on deployment of any extra manpower for manning the said gate will be borne by the SEEPZ Authority. 118.19: Request for conversion of processing area into non-processing area under Rule 11(B) (12 proposals) 118.19(i) Request of M/s. Gigaplex Estate Pvt. Ltd. for Demarcatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of IT/ITES SEZ at Sector- 24 25A, DLF Phase-III, Gurugram (Haryana) for demarcation of a portion of built-up area in SEZ as Non-Processing Area under Rule 11B of SEZ Rules, 2006. 118.19(xii) Proposal of M/s SmartCity (Kochi) Infrastructure Private Limited, Developer, for conversion of SEZ Processing Built-up area (82,342.64 sq.mtr.) to a Non-Processing Area in terms of Rule 11B of SEZ Rules, 2006. The Board, after deliberations, approved the above proposals [118.19(i)-(xii)] for demarcation of Processing Area into Non-Processing Area under the Rule 11B of the SEZ Rules, 2006 subject to the following conditions: - i. Full repayment of the amount of proportionate Customs duty, Central Excise duty, Central Goods and Services Tax, Integrated Goods and Services Tax and State Goods and Services Tax and such other Central levies and repayment of tax benefits like drawback attributable to the area to be demarcated as NPA as stipulated under the Rule 11B. ii. Full repayment of the amount of Customs duty, Central Excise duty, Central Goods and Services Tax, Integrated Goods and Services Tax and State Goods and Services Tax and such other Central levies and repayment of tax benefits like dra ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
