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TMI BlogMinutes of the 121st meeting of the Board of Approval for SEZS held on 31st July, 2024 at Vanijya Bhawan, New DelhiX X X X Extracts X X X X X X X X Extracts X X X X ..... th meeting of the Board of Approval held on 18th June, 2024. The Board ratified the minutes of the 120th meeting of the BoA for SEZs held on 18th June, 2024. DGEP informed that they are in the process of finalization of a check list to ensure that all duty as required has been duly refunded for the cases pertaining to demarcation as NPA under Rule 11B of the SEZ Rules, 2006. BoA directed that on receipt of the checklist from DGEP, DoC would first seek comments of all DCs and based on the same, finalize the same at the earliest. Further, BoA also directed that the finalised checklist should be followed scrupulously in future cases and should also be obtained in respect of all earlier approved cases. 121.2: Request for setting up of new SEZ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Exports for Co-developer status in M/s. ELCOT, Jagirammapalayam, Salem, Tamil Nadu - MEPZ. The Board, after deliberations, approved the proposal of M/s. Sundar Sons (India) Exports for Co-developer status in the ELCOT SEZ at Jagirammapalayam, Salem to Create, Maintain and Operate infrastructure Facilities, for the Prospective Units, with export Potential, within the Zone over an area of 1.07 hectares, in accordance with the Co-developer agreement dated 29.05.2024 entered into with the Developer (ELCOT) 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (4 proposals) 121.6(i) Request of M/s. TSIIC Limited, SEZ for Biotechnology at Lalgadi Malakpet Village, Shameerpet Village, Medchal-Malkajgiri District, Telangana for full de-notification of their SEZ - VSEZ. The Board, after deliberations, recommended the full de-notification of M/s. TSIIC Limited SEZ for Biotechnology at Lalgadi Malakpet Village, Shameerpet Village, Medchal-Malkajgiri District, Telangana. 121.6(ii) Request of M/s. AIGP Developers (Pune) Pvt. Ltd. for full de-notification their IT/ITES SEZ at Pune - SEEPZ. The Board, after deliberations, recommended the full de-notification of M/s. AIGP Developers (Pune) Pvt. Ltd. IT/ITES SEZ at Pune. 121.6(iii) Request of M/s. MIDC Phaltan for full de-notification of their Multi-se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompany i.e., Gujarat International Finance Tec-City Company Limited. 121.9: Appeal (1 case) 120.9 Appeal filed by M/s. Garden Foods Corporation against the decision of UAC, KASEZ. The Board discussed the matter and noted that the appellant has made certain additional submissions before BoA which were not earlier produced before the UAC. Accordingly, the Board decided to remand the case back to UAC by setting aside the impugned decision of UAC and directed the DC to take a fresh complete proposal including the detailed financial back up plan from the Unit for consideration by UAC. Decision on Supplementary Agenda: 121.10: Request for setting up of new SEZ/FTWZ (1 proposal) 121.10(i) Request of M/s. NDR Infrastructure Private Limited fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Board, after deliberations, permitted the demarcation of 5544.827 sq.mtrs. SEZ processing built-up area as Non-Processing Area in terms of Rule 11B of SEZ Rules, 2006 subject to the condition of submission of the completed check list finalized by DoC/DOR in this regard. 121.12: Request for extension of validity of formal approval/In-principle approval (3 proposals) 121.12(i) Request of M/s. Google Connect Services India Private Limited for further extension of the validity period of formal approval, granted for setting up of IT/ITES SEZ at Telangana beyond 29.08.2024 - VSEZ. The Board, after deliberations, approved extension of the validity of the formal approval for one year, i.e., upto 29.08.2025. 121.12(ii) Request of M/s. NDR Infra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d heartwood logs - SEEPZ. The proposal was deferred to the next meeting. Decision on Table Agenda: 121.15: Request for setting up of new SEZ (1 proposal) 121.15(i) Request of Bihar Industrial Area Development Authority (BIADA), Department of Industries, Government of Bihar for setting up of a Multi-Sector SEZ at Kumarbagh, District West Champaran (Bihar) - FSEZ. The Board, after deliberations, granted formal approval to the proposal of the Bihar Industrial Area Development Authority (BIADA), Department of Industries, Government of Bihar for setting up of a Multi-Sector SEZ at Kumarbagh, District West Champaran (Bihar). List of Participants for the Meeting of the Board of Approval for SEZ held on 31.07.2024 under the Chairmanship of Co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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