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TMI BlogMinutes of the 122nd meeting of the Board of Approval for SEZs held on 30th August, 2024 at HyderabadX X X X Extracts X X X X X X X X Extracts X X X X ..... ad flagged any issue thus far with the draft checklist, formal comments from some Zones were still awaited. During deliberations, none of the DCs flagged any issues except for a minor typo which required correction. Accordingly, the Board directed for adoption of the checklist and directed all DCs to ensure its implementation for all the cases including the past cases. Thereafter, the checklist for all the cases is to be submitted by DCs to DoC which shall be further shared with DGEP. 122.2: Request for extension of validity of LoA of Developer (1 proposal) 122.2 Request of M/s. Tripura Industrial Development Corporation Ltd, a Developer, for further extension of the validity period of the Formal Approval granted for setting up a sector-specific SEZ for 'Agro Based Food Processing' - FSEZ. The Board, after deliberations, approved the regularisation of the previous validity of formal approval from 09.12.2023 and further extension of the validity of the formal approval for one year i.e., up to 29.10.2025. 122.3: Request for extension of LoA of Unit (2 proposals) 122.3(i) Request of M/s. Algolog Systems Pvt. Ltd., a unit in Ansal IT City & Parks Ltd., IT/ITES SEZ at Plot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er 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. 122.4(ii) Request of M/s. Artesania Infraprojects LLP, Ahmedabad for approval as Co-Developer within the processing Area in GIFT-Multi Services SEZ at Ratanpur, District Gandhinagar, Gujarat, developed by M/s. GIFT SEZ Limited - GIFT SEZ. The Board, after deliberations, approved the proposal of M/s. Artesania Infraprojects LLP for Co-developer status in the GIFT SEZ Limited at Ratanpur District Gandhinagar, Gujarat for the development of the commercial project on Plot Nos. 15-D, in Block No. 15 over land area admeasuring 5008 square meters. The applicant proposes to construct a building consisting of 4 basements, ground plus 22 floors, in accordance with the Co- developer agreement dated 11.06.2024 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n (Vizag) Limited, a unit in M/s. APIIC Multi-product SEZ, Atchuthapuram for import of CPC with reference to CAQM Order dt. 15.02.2024 subject to the following conditions: - (i) adherence to the conditions imposed by para 10(II)(i) of the CAQM order dated 15.02.2024; (ii) only exports will be allowed by M/s. Rain CII Carbon in respect of CPC or its products as per Rule 26 & 27 of the SEZ Rules, 2006. Any supply to other SEZ units shall be allowed only against specific unutilised import quota of CPC of such SEZ units, if any. Decision on Supplementary Agenda: - 122.7: Co-Developer status proposal (1 proposal) 122.7 Request of M/s. Arasan Infra Limited for Co-developer status and authorized operations in M/s. Adani Ports and Special Economic Zone, Mundra- APSEZ, Mundra. The Board, after deliberations, approved the proposal of M/s. Arasan Infra Limited for Co-developer status in the Adani Ports and Special Economic Zone at Mundra for Development, Operations, and Maintenance of Electricity Transmission Infrastructure Facility including required sub-stations, power lines, backup power storage systems, etc. over an area of 33.5889 hectares, in accordance with the Co-developer ag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 Ha of their IT/ITES SEZ at KPM Nagar, Rathinam Software Park, Kurichi Village, Eachanari, Coimbatore District, Tamil Nadu - MEPZ. The Board, after deliberations, recommended the partial de-notification of 1.22 Ha out of 2.935 Ha of M/s. Span Ventures Private Limited, IT/ITES SEZ at KPM Nagar, Rathinam Software Park, Kurichi Village, Eachanari, Coimbatore District, Tamil Nadu. 122.9(iii) Request of M/s. Wipro Limited, Pune for de-notification of the Sector Specific Special Economic Zone for IT/ITES at Plot No. 2, Phase-1, Rajiv Gandhi Infotech Park, Hinjewadi, Taluka Mulshi, Dist-Pune, Maharashtra - SEEPZ SEZ. The Board, after deliberations, recommended the full de-notification of 9.15 Ha of M/s. Wipro Limited, IT/ITES SEZ at Plot No. 2, Phase-1, Rajiv Gandhi Infotech Park, Hinjewadi, Taluka Mulshi, Dist-Pune, Maharashtra. 122.10: Request for Industrial license (1 proposal) 122.10(i) Request of M/s. Raneal Advanced Systems Private Limited, an SEZ unit in KIADB (Aerospace) SEZ, Bangalore for Industrial License under IDR Act, 1951 - CSEZ. The Board noted that M/s. Raneal Advanced Systems Private Limited an SEZ unit in KIADB (Aerospace) SEZ, Bangalore had applied for an Industr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tified IT/ITES SEZ - SEEPZ. The Board, after deliberations, permitted the demarcation of the following processing built-up area as Non-Processing Area in terms of Rule 11B of SEZ Rules, 2006: - S. No. Building no. No. of floors Area 1 Bldg. No. 03 4th 5th 7th 8th & 9th Office floors 21415.85 Square metre 2 Bldg. No. 04 Part Terrace Office floors 170.76 Square metre 3 Bldg. No. 06 7th & 8th Office floors 7527.02 Square metre 122.11(ii) Request of M/s. DLF Info City Hyderabad Limited, IT/ITES SEZ at Gachibowli Village, Serllingampally Mandal, Ranga Reddy District, Telangana for demarcation of their SEZ under Rule 11B of the SEZ Rules, 2006 - VSEZ. The Board, after deliberations, permitted the demarcation of the processing built-up area as a Non-Processing Area in terms of Rule 11B of SEZ Rules, 2006. The total area to be demarcated as NPA is 93,194.95 Sq. mt. is as follows: Office Area 25,458.00 Sq. mtrs. (5th Floor of Block-2 - 9,906 Sq.mtrs., 5th Floor of Block-3 9,138 Sq.mtrs. and 9th Floor of Block-3-6,414 Sq. mtrs.) Common area 8,141.95 Sq. mtrs. Parking Area 59,595.00 Sq. mtrs. ANNEXURE-I List of Participants for the Meeting of the Board of Approval ..... X X X X Extracts X X X X X X X X Extracts X X X X
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