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Minutes of the 82nd meeting of the BoA for SEZ held on 4th April, 2018

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No. F.2/1/2018-SEZ Government of India Ministry of Commerce and Industry Department of Commerce (SEZ Section) Udyog Bhawan, New Delhi Dated the 6" April, 2018

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OFFICE MEMORANDUM

Subject: 82" (Eighty Second) Meeting of the Board of Approval on Special Economic Zones (SEZs) held on 4" April, 2018 at 11.30 A.M. — Reg. for Please find enclosed herewith Minutes of the 82" meeting of the Board of Approval SEZs held on 4"" April, 2018 under the Chairpersonship of Ms. Rita Teaotia, Secretary, Department of Commerce for information and necessary action. 2 The Development Commissioners are requested to take urgent necessary action, on the directions of BoA requiring follow up action on their part, before the next meeting of the

Under (G, Srinivasan) Secretary to the Govt of India Tel: 2306 2496 Email: srinivasan.g@nic.in

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  • lL. Central Board of Excise and Customs, Member (Customs), Department of Revenue, North Block, New Delhi. (Fax: 23092628),

    1. Central Board of Direct Taxes, Member (IT), Department of Revenue, North Block, y New Delhi. (Telefax: 23092107).

  • 3 Joint Secretary, Ministry of Finance, Department of Financial Services, Banking Y-“Division, Jeevan Deep Building, New Delhi (Fax: 23344462/23366797). Joint Secretary, Department of Industrial Policy and Promotion, Udyog Bhawan, New Delhi.

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  1. Joint Secretary, Ministry of 6. Shipping, Transport Bhawan, New Delhi. DelhiJoint Secretary (E), Ministry of Petroleum and Natural Gas, Shastri Bhawan, New

  2. Joint Secretary, Ministry of Agriculture, Plant Protection, Krishi Bhawan, New Delhi. 8. Ministry of Science and Technology, Sc ‘G’ & Head (TDT), Technology Bhavan, 9. Mehrauli Road, New Delhi, (Telefax: 26862512) Joint Secretary, Department of Biotechnology, Ministry of Science and Technology,

  3. a Floor, Block 2, CGO Complex, Lodhi Road, New Delhi - | 10 003. Additional Secretary and Development Commissioner (Micro, Small and Medium Enterprises Scale Industry), Room No. 701, Nirman Bhavan, New Delhi (Fax: 23062315).

  4. Secretary, Department of Electronics & Information Technology, Electronics Niketan, 6, CGO Complex, New Delhi. (Fax: 24363 101)

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  1. Joint Secretary (I8-I), Ministry of Home Affairs, North Block, New Delhi (Fax: 23092569)

  2. Joint Secretary (C&W), Ministry of Defence, Fax: 23015444, South Block, New Delhi.

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  1. Joint Secretary (I8-I), Ministry of Home Affairs, North Block, New Delhi (Fax: 23092569)

  2. Joint Secretary (C&W), Ministry of Defence, Fax: 23015444, South Block, New Delhi.

\4. Joint Secretary, Ministry of Environment and Forests, Pariyavaran Bhavan, CGO 15. Complex, New Delhi — 110003 (Fax: 24363577) Joint Secretary & Legislative Counsel, Legislative Department, M/o Law & Justice,

  1. A-Wing, Shastri Bhavan, New Delhi. (Tel: 23387095). Joint Secretary, (Justice-I), Department of Legal Affairs, M/o Law & Justice, New Delhi (Tel: 2338 3037).

  2. Secretary, Department of Chemicals & Petrochemicals, Shastri Bhawan, New Delhi 18. Joint Secretary, Ministry of Overseas Indian Affairs, Akbar Bhawan, Chanakyapuri, New Delhi. (Fax: 24674140)

  3. Chief Planner, Department of Urban Affairs, Town Country Planning Organisation, 20. Vikas Bhavan (E-Block), LP. Estate, New Delhi. (Fax: 23073678/23379197) Director General, Director General of Foreign Trade, Department of Commerce, Udyog Bhavan, New Delhi.

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  1. Director General, Export Promotion Council for EOUs/SEZs, 8G, 8" Floor, Hansalaya Building, iS, Barakhamba Road, New Delhi — 110 001 (Fax: 223329770)

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  1. Director General, Export Promotion Council for EOUs/SEZs, 8G, 8" Floor, Hansalaya Building, iS, Barakhamba Road, New Delhi — 110 001 (Fax: 223329770)

22.Dr. Rupa Chanda, Professor, Indian Institute of Management, Bangalore, 23. Bennerghata Road, ae on a 24. Development Commission, Noida Special Economic Zone, Noida. 25. Development Commission, Kandla Special Economic Zone, Gandhidham. 26. Development Commissioner, Falta Special Economic Zone, Kolkata, 27. Development Commissiczigr, SEEPZ, Special Economic Zone, Mumbai. 28. Development Commissioner, Madras $pecial Economic Zone, Chennai Development Commissisaer, Visakhapatnam Special Economic Zone, Visakhapatnam

  1. Development Commissioner, Cochin Special Economic Zone, Cochin, 30. Development Commissioner. Ladore Special Economic Zone, Indore. 31, Development Commission«:, Mundra Special Economic Zone, 4" Floor, C Wing, 32. Port Users Building, Mundea /Kutch). Gujarat. Development Commissioner, Dahej} Special Economic Zone, Fadia Chambers,

  2. Ashram Road, Ahmedabad, “rujarat Development Commissioner, Navi Mumbai Special Economic Zone, SEEPZ Service Center, Central Road, Andheri (East), Mumbai ~ 400 096

  • 34, Development Commissioner, Sterling Special Economic Zone, Sandesara Estate, Atladra Padra Road, Vadodara - 390012

    1. Development Commissioner, Andhra Pradesh Special Economic Zone, Udyog 36. Bhawan, 9" Floor, Siripuram, Visakhapatnam — 3 Development Commissioner, Reliance Jamnagar Special Economic Zone, Jamnagar, Gujarat

ent Commissioner, Andhra Pradesh Special Economic Zone, Udyog 36. Bhawan, 9" Floor, Siripuram, Visakhapatnam — 3 Development Commissioner, Reliance Jamnagar Special Economic Zone, Jamnagar, Gujarat

    1. Development Commissioner, Surat Special Economic Zone, Surat, Gujarat 38. Development Commissioner, Mihan Special Economic Zone, Nagpur, Maharashtra 39. Development Commissioner, Sricity Special Economic Zone, Andhra Pradesh. 40. Development Commissioner, Mangalore Special Economic Zone, Mangalore. 41.Government of Andhra Pradesh, Principal Secretary and CIP, Industries and 42. Commerce Department, A.P. Secretariat, Hyderabad — 500022, (Fax: 040-23452895). Government of Telangana, Special Chief Secretary, Industries- and Commerce
    1. Department, Telangana Secretariat Khairatabad, Hyderabad, Telangana. Government of Karnataka, Principal Secretary, Commerce and Industry Department, Vikas Saudha, Bangalore — 560001. (Fax: 080-22259870)

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  1. Government of Maharashtra, Principal Secretary (Industries), Energy and Labour Department, Mumbai — 400 032.

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  1. Government of Gujarat, Principal Secretary, Industries and Mines Department Sardar 46. GovernmentPatel Bhawan,of BlockWest No.Bengal,5, 3rd Floor,Principal GandhinagarSecretary, — 382010(Commerce (Fax: 079-23250844).and Industry), IP KolkataBranch —(4"700Floor),016 SEZ Section, 4, Abanindranath Tagore Sarani (Camac Street)

engal,5, 3rd Floor,Principal GandhinagarSecretary, — 382010(Commerce (Fax: 079-23250844).and Industry), IP KolkataBranch —(4"700Floor),016 SEZ Section, 4, Abanindranath Tagore Sarani (Camac Street)

  1. Government of Tamil Nadu, Principal Secretary (Industries), Fort St. George, 48. Chennai — 600009 (Fax: 044-253 70822). Government of Kerala, Principal Secretary (Industries), Government Secretariat, Trivandrum — 695001 (Fax: 0471-2333017).

49.Government of Haryana, Financial Commissioner and Principal Secretary), Department of Industries, Haryana Civil Secretariat, Chandigarh

  1. (Fax: 0172-2740526). Government of Rajasthan, Principal Secretary (Industries), Secretariat Campus,

  2. Bhagwan Das Road, Jaipur — 302005 (0141-2227788). Government of Uttar Pradesh, Principal Secretary, (Industries), Lal Bahadur Shastri

  3. Bhawan, Lucknow — 226001 (Fax: 0522-2238255).

. Government of Punjab, Principal Secretary Department of Industry & Commerce 53. Udyog Bhawan), Sector -17, Chandigarh- 160017. Government of Puducherry, Secretary, Department of Industries, Chief Secretariat, Puducherry.

  1. Government of Odisha, Principal Secretary (Industries), Odisha Secretariat, 55. Bhubaneshwar — 751001 (Fax: 0671-536819/2406299). Government of Madhya Pradesh, Chief Secretary, (Commerce and Industry), Vallabh Bhavan, Bhopal (Fax: 0755-2559974)

  2. Government of Uttarakhand, Principal Secretary, (Industries), No. 4, Subhash Road, Secretariat, Dehradun, Uttarakhand

  3. Government of Jharkhand (Secretary), Department of Industries Nepal House, Doranda, Ranchi — 834002,

Principal Secretary, (Industries), No. 4, Subhash Road, Secretariat, Dehradun, Uttarakhand

  1. Government of Jharkhand (Secretary), Department of Industries Nepal House, Doranda, Ranchi — 834002,

  2. Union Territory of Daman and Diu and Dadra Nagar Haveli, Secretary (Industries), Department of Industries, Secretariat, Moti Daman — 396220 (Fax: 0260-2230775).

  3. Government of Nagaland, Principal Secretary, Department of Industries and 60. Commerce), Kohima, Nagaland.

. Government of Chattishgarh, Commissioner-cum-Secretary Industries, Directorate of Industries, LIC Building Campus, 2™ Floor, Pandri, Raipur, Chhattisgarh (Fax: 0771-2583651).

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Copy to: PPS to CS/ PPS to AS (BBS) / PA to Dir (TVR).

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Minutes ofthe 82" meeting of the Board of Approval for SEZ held on 4" April, 2018 Minutes of the 82"° meeting of the Board of Approval for SEZ held on 4" April, 2018 The Zones Eighty Second (82°) meeting of the Board of Approval (BoA) for Special Economic (SEZs) was held on 4" April, 2018 under the Chairpersonship of Ms. Rita Teaotia, Secretary, Department of Commerce, at 11.30 A.M. in Room No. 47, Udyog Bhawan, New Delhi. The list of participants is Annexed (Annexure-1). Item No. 82.1: Requests for extension of validity of formal approvals (2 proposals) BoA in its meeting held on 14" September, 2012, examining similar cases observed as under:

Annexed (Annexure-1). Item No. 82.1: Requests for extension of validity of formal approvals (2 proposals) BoA in its meeting held on 14" September, 2012, examining similar cases observed as under:

“The Board advised the Development Commissioners to recommend the requests for extension offormal approval bevond 5” year and onwards only after satisfving that the developer has taken sufficient steps towards operationalisation of the project and further extension, °s based on justifiable reasons. Board also observed that extensions may not be granied «. a matter of routine unless some progress has been made on ground by the develope. « The Board, therefore, after deliberations, extended the validity of the formal approved to the requests for extensions beyond fifth years for a period of one year and those beyand sixth year for a period of 6 months from the date of expiry of last extension”.

(i) Request of M/s. Indus Gene Expressions Ltd.-SEZ for further extension of the validity period of formai ~ppreval, granted for setting up of sector specific Bio-tech at Kodur village, Anantapur District, Andira Pradesh for a period of one year beyond 13" February 2018. 13"" February,The Board,2019. after deliberations, approved extension of the validity of the formal approval up to (ii) | Request of \i/s Frontier Lifeline Private Limited for further extension of the validity period of formal approval, granted for setting up of Bio-Technology SEZ at EDUR, Gummidipoondi, Tamil Nadu for a period of one year beyond 27.11.2017.

te Limited for further extension of the validity period of formal approval, granted for setting up of Bio-Technology SEZ at EDUR, Gummidipoondi, Tamil Nadu for a period of one year beyond 27.11.2017. had DC, MEPZ SEZ informed the Board that the Government of Tamil Nadu and the developer SEZreached an agreement to jointly develop a medical city (Mediville Project) including the above and that Government of Tamil Nadu was encouraging the project through the Government entities and was considering to approve Rs. 50 Cr. initially as OTS to the Banks to retire the loans taken by the developer from Banks. Minutes of meeting held on 14.3.2018 by the Additional Chief Secretary, Finance Department, Government of Tamil Nadu for this purpose were taken on record. The Board took note of the State Government’s involvement and after deliberations approved extension of the validity of the formal approval up to 27" November, 2018 to allow the State Government to implement thefe

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Minutes of the 82"° meeting of the Board of Approval for SEZ held on 4" April, 2018

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Item No. 82.2 : Requests for extension ofvalidity of in-principle approval (one proposal)

(i) Proposal of M/s. Worldwide Oilfield Machine Pvt. Ltd. for extension of the validity of in-principle approval for setting up of a sector specific SEZ for Engineering at Village Kasurdi, Taluka Bhor, District Pune, Maharashtra, beyond 19.02.2018.

up to 19'"TheFebruary, Board, after2018. deliberations, approved extension of the validity of the in-principle approval

illage Kasurdi, Taluka Bhor, District Pune, Maharashtra, beyond 19.02.2018.

up to 19'"TheFebruary, Board, after2018. deliberations, approved extension of the validity of the in-principle approval

Item No. 82.3: Requests for extension of LoP beyond 3™ Year onward (8 proposals)

(i) Request of M/s. Dr. Reddy’s Laboratories Limited, FTO SEZ process Unit-II in DRLSEZ for extension of Letter of Permission (LoP) beyond 25.02.2018 for fourth extension up to 25.02.2019. | The Board, after deliberations, approved extension of the validity of the LoP up to 25" February, 2019.

(ii) Request of M/s. Frontier Lifeline (P) Ltd in Mediville -Biotechnology-SEZ, Edoor Viliage, Gummidipoondi Taluk, Tiruvallur District, Tamil Nadu for extension of Letter of Permission (LOP) beyond 27.11.2013 for 4 years upto 31-12-2018.

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The Board, took note that DC MEPZ had inspected the site and had observed that building is complete, equipment of the unit was in position and operations have commenced and therefore condoned the delay and approved extension ofthe validity of the LoP up to 31 December, 2018.

building is complete, equipment of the unit was in position and operations have commenced and therefore condoned the delay and approved extension ofthe validity of the LoP up to 31 December, 2018.

(ili) Request of M/s Tata Power Company Limited in the KIADB Aerospace SEZ for extension of Letter of Approval (LOA) beyond 06-03-2018 fora period upto 06-04-2019, 2019. The Board, after deliberations, approved extension of the validity of the LoP up 6” April, (iv) Request of M/s BEML Limited in the KIADB Aerospace SEZ for extension of Letter of Approval (LOA) beyond 05-01-2018 for a period upto 05-01-2019. 2019. The Board, after deliberations, approved extension of the validity of the LoP up 5" January,

(v) Request of M/s. Shantha Biotechnics Pvt. Ltd (u-2) in the M/s. Shantha Biotechnics Pvt. Ltd SEZ for extension of Letter of Permission (LOP) beyond 3 Year upto 16.4.2019, 2019. The Board, after deliberations, approved extension of the validity of the LoP up 16" April,

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(vi) Request of M/s. Zydus Technologies Ltd., in the Zydus Pharmaceutical -SEZ, Matoda, Ahmedabad, Gujarat for extension in validity of Letter of Approval (LOA) beyond 28-06-2018 for further period of one year upto 28-06-2019.

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Minutes of the 82"" meeting of the Board of Approval for SEZ held on 4" April. 2018

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tter of Approval (LOA) beyond 28-06-2018 for further period of one year upto 28-06-2019.

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Minutes of the 82"" meeting of the Board of Approval for SEZ held on 4" April. 2018

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2019, The Board, after deliberations, approved extension ofthe validity of the LoP up to 28"" June, (vii) Request of M/s. Wockhardt Ltd., unit 3 in the sector specific SEZ for Pharmaceuticals Aurangabad,being developedMaharashtraby M/s. forWockhardtextension ofInfrastructure Letter of PermissionDevelopment(LOP) forLimiteda periodatof oneShendre,year beyond 24" October, 2017. The Board, after deliberations, approved extension of the validity of the LoP up to 24" October, 2018. (viii) Request of M/s. Tech Mahindra Ltd. in MIDC SEZ at Plot No. 4, Rajiv Gandhi Infotech Park, MIDC SEZ, Hinjewadi, Phase III, Pune, Maharashtra for extension of Letter of Permission (LOP) beyond 21.19.2017 upto 20.10.2018

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this DC SEEPZ SEZ informed that MIDC has come to an understanding and furnished letter to effect to settle boundary issues with the unit within 6 months and had also allowed the work for boundary wall to commence. The Board, after deliberations, approved extension of the validity of the LoP up to 20" October, 2018.

Item No. 82.4 Requests for co-developer (6 proposals)

(i) Request of M/s. Mageo Instant Services Pvt. Ltd. for Co-developer status in M/s. Span Ventures Pvt. Ltd. IT/ITES SEZ, Eachanari, Coimbatore

The Board, after deliberations, approved the proposal of M's. Mageo Instant Services Pvt. Ltd. to build, operate and maintain specific top class infrastructure and services needed in IT ITES 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 provided that the lease period does not exceed 30 years (Renewable).

(ii) Request of M/s. Midas Projects Pvt. Ltd for co-developer status in M/s. Divyasree NSL_ Infrastructure Pvt. Ltd SEZ for providing infrastructure facilities and other operations. The Board. after deliberations, deferred the proposal and directed DC, VSEZ to look into the concerns raised by the CBDT and furnish a revised recommendation.

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(iii) |Request of M/s. Mariapps Marine Solutions India Private Limited, Mumbai for codeveloper status in the SmartCity (Kochi) Infrastructure Private Limited SEZ for authorized operation of IT/ITeS Infrastructure Development, Operation and Maintenance of Building.

ted, Mumbai for codeveloper status in the SmartCity (Kochi) Infrastructure Private Limited SEZ for authorized operation of IT/ITeS Infrastructure Development, Operation and Maintenance of Building.

The Board, after deliberations, approved the proposal of M/s. Mariapps Marine Solutions India Private Limited for co-developer status for development of IT/ITeS Infrastructure and its operation and maintenance in the M/s SmartCity (Kochi) Infrastructure Private Limited 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, provided that the lease period does not exceed 30 years (Renewable).

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held on4" April. 2018 (iv) Request of M/s.WTC Trades & Projects Pvt. Limited, Bangalore for co-developer status in the Infopark SEZ at Ernakulam District, Kerala. The Board, after deliberations, approved the proposal of M/s. WTC Trades & Projects Pvt, undertakenLimited forin Operationthe IT buildingand developedmaintenance by M/sof BrigadeBuildings Enterprisesand otherLimited,infrastructure/facilitiesthe co-developer ofto thebe SEZ. The proposed activities to be undertaken by M/s. WTC Trades & Projects Pvt. Limited, Bangalore shall be in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules provided that the lease period does not exceed 30 years (Renewable). (v) Request of M/s. Access Health Care services Pvt. Ltd for co-developer status in M/s. Coimbatore Hitech Infrastructure Private Limited-SEZ, IT/ITES at Keeranatham village, Coimbatore (N), Coimbatore, Tamil Nadu. Pvt. The Board, after deliberations. approved the proposal of M/s. Access Health Care services with Ltd. to construct IT/ITES facility and Electronic Hardware and software facility in accordance the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules provided that the lease period does not exceed 30. years (Renewable).

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agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules provided that the lease period does not exceed 30. years (Renewable).

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(vi) Re-consideration of request of M/s. Synergy Infotech Pvt. Ltd. for Co-developer status in MIDC IT/ITES SEZ, Rajiv Gandhi Infotech Park, Phase-III, Hinjewadi, Pune for », construction of buildings and related infrastructure for IT/ITES Units, Development of space Of IT/ITES Unit and all default authorized operations for area admeasuring 5.2161 sq. mtrs. ; The Board, after deliberations, approved in-principle the proposal of M/s. Synergy Infotech Pvt. Ltd. for grant of Co-developer status for construction of buildings and related infrastructure for IT/ITES Units in accordance with the co-developer agreement entered into with the developer, subject to DC SEEPZ furnishing a status note on the financial position of the co-developer and placing it before the Board in its next meeting. Further, the approval is subject to standard terms and (Renewable).conditions as per SEZ Act and Rules provided that the lease period does not exceed 30 years

Item No. 82.5: Change of Shareholding Pattern Cases (12 proposals)

(i) Request of M/s. EY Global Delivery Services India Private Ltd., a unit in DLF SEZ, Ramapuram, Chennai, for transfer of shares exceeding 50% to another entity and name change to M/s. EY Global Delivery Services India LLP. The Board approved the proposal subject to following conditions:-

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i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity; i) Fulfilment of all eligibility criteria applicable to unit, including security clearances etc., by the iil) altered unit entity and its constituents; Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc.

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Minutes ofthe 82" meeting of the Board of Approval for SEZ held on 4" April, 2018

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  • 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.

  • Vv) 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 ofthe Income Tax Act, 1961.

  • vi) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.

y for deduction under relevant sections ofthe 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 andjurisdictional assessing officer of the unit to CBDT.

(ii) Request for prior approval transfer of shares exceeding 50% of M/s. Nalanda Shelter Pvt. Ltd. (Developer) to M/s. Xander Investment Management Pte. Ltd., Singapore (Investor) transfer of equity shareholding of the company.

The Board approved the proposal subject to following conditions:-

    1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered developer entity;

  • il) Fulfilment ofall eligibility criteria applicable to developer, including security clearances etc., by the altered developer entity and its constituents;

  • i) — Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules 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 ete. shail 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 ete. as may

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 ete. as may

  • vi) be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.

  • vii) The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT.

shareholding(iii) Requestpattern.of M/s. Sundaram Alloys Ltd. for approval of change of Directors &

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  • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity;

  • ii) Fulfilment of all eligibility criteria applicable to unit, including security clearances etc., by the altered unit entity and its constituents:

  • iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules 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 ofthe[unit][to] CBDT. bee

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“Minutes ofthe 32°" meeting of the Board f Approval for SEZ held an 4" April. 2018

. { (iv) Request of M/s. Shanlok International, a unit in Kandla SEZ for change from Proprietorship to partnership firm.

the 32°" meeting of the Board f Approval for SEZ held an 4" April. 2018

. { (iv) Request of M/s. Shanlok International, a unit in Kandla SEZ for change from Proprietorship to partnership firm.

  • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for ii) the altered unit entity; Fulfilment of all eligibility criteria applicable to unit, including security clearances etc., by the

  • ili) altered unit entity and its constituents; Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which

  • iv) regulate issues like capital gains, equity change, transfer, taxability etc. 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

  • v) Revenue and to the jurisdictional Authority. 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 may1961. be applicable and eligibility for deduction under relevant sections ofthe Income Tax Act,

  • 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 ofthe unit to CBDT.

ith 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 ofthe unit to CBDT.

  • (v) Request of M/s. eInfochips Limited (Unit A), a unit in M/s. Magarpatta City-SEZ at in-controllingPune for Changestake of 100%of the company. Shareholding Pattern with change of entrepreneur by way of change

  • ‘= :« The Board approved the proposal subject to following conditions:-

    • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity:

    • ii) Fulfilment of all eligibility criteria applicable to unit, including security clearances etc., by the ili) altered unit entity and its constituents; Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which

    • iv) regulate issues like capital gains, equity change, transfer, taxability etc. 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

    • v) Revenue and to the jurisdictional Authority. 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 may1961. be applicable and eligibility for deduction under relevant sections of the Income Tax Act,

out of the transfer of equity or merger, demerger, amalgamation, transfer and Ownerships etc. as may1961. be applicable and eligibility for deduction under relevant sections of the Income Tax Act,

  • vi) The applicant shall comply with relevant State Government laws, including those relating to vii) lease of land, as applicable. The unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.

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(vi) Request of M/s. e[nfochips Limited (Unit B), a unit M/s. Magarpatta City-SEZ at Pune for Change of 100% Shareholding Pattern with change of entrepreneur by way of change in controlling stake of the company.

The Board approved the Proposal subject to following conditions:-

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Minutes ofthe 82" meeting of the Board of Approval for SEZ held on 4" April, 2018

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  • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity;

  • ii) Fulfilment of all eligibility criteria applicable to unit, including security clearances etc., by the altered unit entity and its constituents;

  • iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules 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 vii) lease of land, as applicable. (vii) RequestTheof unit shall furnishM/s. SmarTek detailsConsultancy of PAN andjurisdictionalServices IndiaassessingPvt. officer ofLtd., thea unit tounit in CBDT.M/s. Qubix Business Park Pvt. Ltd. - SEZ at Pune for Change of Entrepreneur of existing SEZ from M/s. Smartek Consultancy Services India Pvt. Ltd. to SmarTek21 Pvt. Ltd.

| |

  • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for ti) the altered unitFulfilment of ai! entity:eligibility criteria applicable to unit, including security clearances ete., by the altered unit entity and its constituents:

  • iit) Applicability of and compliance with all Revenue / Company Affairs ‘SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc.

  • iv) Full financiai 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.

ting 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,

  • vi) 1961. The applicant shall comply with relevant State Government laws, including those relating to

  • vii) lease of land, as applicable. The unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.

  • (viii) Request of M/s. Western Outdoor Interactive Pvt. Ltd.-I, a unit in SEEPZ, SEZ for change in implementing agency consequent upon amalgamation of M/s. Western Outdoor Interactive Pvt. Ltd., to M/s. Fairdeal Multimedia Pvt. Ltd., as approved by the Hon’ble National Company Law Tribunal, Mumbai Bench vide Order dated 22.09.2017.

| | | i | | |

  • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity;

  • ii) Fulfilment of all eligibility criteria applicable to unit, including security clearances etc., by the altered unit entity and itsee be ao Page 7 of 14

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licable to unit, including security clearances etc., by the altered unit entity and itsee be ao Page 7 of 14

Minutes of the 82™ meeting of the Board of Approval for SEZ held on 4" April. 2018

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  • ili) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which iv) regulate issues like capital gains, equity change, transfer, taxability etc. 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

  • v) Revenue and to the jurisdictional Authority. 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.

  • vil) The unit shall furnish details of PAN andjurisdictional assessing officer ofthe[unit][to] CBDT.

(ix) M/s. Western Outdoor Interactive Pvt. Ltd.-II, a unit in SEEPZ SEZ for change of implementing agency consequent upon amalgamation of M/s. Western Outdoor Interactive Pvt. Ltd., to M/s. Fairdeal Multimedia Pyt. Ltd., as approved by the Hon’ble National Company Law Tribunal, Mumbai Bench vide Order dated 22.09.2017.

  • The Board approved the proposal subject to following conditions:-

al Multimedia Pyt. Ltd., as approved by the Hon’ble National Company Law Tribunal, Mumbai Bench vide Order dated 22.09.2017.

  • The Board approved the proposal subject to following conditions:-

  • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity;

  • ii) Fulfilment ofall eligibility criteria applicable to unit, including security clearances ete. by the altered unit entity and its constituents:

    1. Applicability of and compliance with all Revenue / Company Affairs /SEBI ete. rules which

  • eT ., Fegulate issues like capital gains, equity change, transfer, taxability etc. : 'v) 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,

  • vi) 1961. 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.

th 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.

  • (x) | Request of M/s. Barclays Technology Centre India Pyt. Ltd., a unit in M/s. EON Kharadi Structure at MIDC, Knowledge Park-SEZ Pune for Change of more than 50% Shareholding Pattern.

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  • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity;

  • ii) Fulfilment of all eligibility criteria applicable to unit, including security clearances etc., by the altered unit entity and its constituents:

  • iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which iv) regulate issues like capital gains, equity change, transfer, taxability etc. 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.

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(

  • 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 1961. the Income Tax Act,

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 1961. the Income Tax Act,

  • 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.]

  • (xi) | Request of M/s. Barclays Technology Centre India Pvt. Ltd. a unit in M/s. Quadron Business Park Pvt. Ltd.-SEZ at Pune for Change of more than 50% Shareholding Pattern.

  • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity;

  • ii) Fulfilment of all eligibility criteria applicable to unit, including security clearances etc., by the altered unit entity and its constituents:

  • iil) Appheability of and compliance with all Revenue / Company Affairs /SEBI ete. rules which iv) regulate issues like capital gains, equity change, transfer, taxability etc. 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,

ising 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,

  • vt) 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 andjurisdictional assessing officer of the unit to CBDT.

(xii) Request of M/s. CEB India Pvt. Ltd. a unit in DLF SEZ, Manapakkam, Chennai for transfer of shares exceeding 50% to another entity.

  • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity;

  • ii) Fulfilment of all eligibility criteria applicable to unit, including security clearances etc., by the altered unit entity and its constituents;

  • uli) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which iv) regulate issues like capital gains, equity change, transfer, taxability etc. 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.

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dictional assessing officer of the unit to CBDT.

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April. 2018 of the 82" meeting of the 82" meeting of 82" meeting of meeting of of the Board of Approval Board of Approval of Approval Approval tor SEZ SEZ | _ Request of M/s. BASF India Limited, a unit in Kandla SEZ for approval of Business Business | Agreement Board Board approved of of theirthe proposal Kandlasubject SEZ Operation.tothe proposal Kandlasubject SEZ Operation.to proposal Kandlasubject SEZ Operation.to Kandlasubject SEZ Operation.tosubject SEZ Operation.to SEZ Operation.to Operation.toto following conditions:- conditions:| i) | Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity; li) Fulfilment ofall ofallall eligibility criteria applicable applicable to unit, including security clearances clearances etc., by the the ii) altered unit entity and and its constituents: constituents: Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which iv) regulate issues like capital gains, equity change, equity change, change, transfer, taxability etc. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer transfer [ in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of v) Revenue and and to the jurisdictional jurisdictional Authority.

, demerger, amalgamation or transfer transfer [ in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of v) Revenue and and to the jurisdictional jurisdictional Authority. The Assessing Officer shall have the right to assess the taxability of the the gain loss arising out of the the transfer of equity equity or merger, demerger, amalgamation, transfer and ownerships etc. as may be applicable and be applicable and applicable and and eligibility for deduction deduction under relevant sections of the relevant sections of the sections of the of the the Income Tax Tax Act. 1961. vi) The applicant shall comply with relevant State Government laws, including those relating to vii) lease of land, as applicable. of land, as applicable. land, as applicable. as applicable. | The unit unit shall furnish details of PAN andjurisdictional of PAN andjurisdictional PAN andjurisdictional andjurisdictionaljurisdictional assessing officer of the the unit to CBDT. CBDT. Item No. 82.6 : Cancellationi of Formal Approval/co-developer (one proposal) | Board, after deliberations, approved cancellation of co-developer status granted to M/s. & Infrastructure Pvt. Ltd. in KASEZ. Item No. 82.7 : Miscellaneous Cases (9 proposals) of M/s. SEZ M/s. SEZ SEZ Biotech Services Pvt. Ltd for increase increase in area of 4.1925 4.1925 hectares in specific SEZ for Biotechnology at Manjari Budruk, Taluka Haveli, District Pune — | | Board, after deliberations, deliberations, approved the proposal. proposal. |

area of 4.1925 4.1925 hectares in specific SEZ for Biotechnology at Manjari Budruk, Taluka Haveli, District Pune — | | Board, after deliberations, deliberations, approved the proposal. proposal. |

  • (xiii) Request of M/s. BASF India Limited, a unit in Kandla SEZ for approval of Business Business TransferThe Agreement Board Board approved of of theirthe proposal Kandlasubject SEZ Operation.tothe proposal Kandlasubject SEZ Operation.to proposal Kandlasubject SEZ Operation.to Kandlasubject SEZ Operation.tosubject SEZ Operation.to SEZ Operation.to Operation.toto following conditions:- conditions:i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity;

  • li) Fulfilment ofall ofallall eligibility criteria applicable applicable to unit, including security clearances clearances etc., by the the ii) altered unit entity and and its constituents: constituents: Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which

  • iv) regulate issues like capital gains, equity change, equity change, change, transfer, taxability etc. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of

ity etc. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of

  • v) Revenue and and to the jurisdictional jurisdictional Authority. The Assessing Officer shall have the right to assess the taxability of the the gain loss arising out of the the transfer of equity equity or merger, demerger, amalgamation, transfer and ownerships etc. as may be applicable and be applicable and applicable and and eligibility for deduction deduction under relevant sections of the relevant sections of the sections of the of the the Income Tax Tax Act. 1961.

  • vi) The applicant shall comply with relevant State Government laws, including those relating to vii) lease of land, as applicable. of land, as applicable. land, as applicable. as applicable. The unit unit shall furnish details of PAN andjurisdictional of PAN andjurisdictional PAN andjurisdictional andjurisdictionaljurisdictional assessing officer of the the unit to CBDT. CBDT.

The Board, after deliberations, approved cancellation of co-developer status granted to M/s. OPG Power & Infrastructure Pvt. Ltd. in KASEZ.

(i) Request of M/s. SEZ M/s. SEZ SEZ Biotech Services Pvt. Ltd for increase increase in area of 4.1925 4.1925 hectares in the sector specific SEZ for Biotechnology at Manjari Budruk, Taluka Haveli, District Pune — Maharashtra,

The Board, after deliberations, deliberations, approved the proposal. proposal.

ectares in the sector specific SEZ for Biotechnology at Manjari Budruk, Taluka Haveli, District Pune — Maharashtra,

The Board, after deliberations, deliberations, approved the proposal. proposal.

(ii) Request of M/s ANSR Global Corporation Pvt. Ltd. (formerly known as Network Information Global Services India Pvt. Ltd.), Bangalore for Co-Developer status in Manyata Embassy Business Park SEZ, Bangalore for development of the SEZ area specifically to undertake the authorized operations of conversion of bare shell buildings into warm shell buildings in an additional area of 90,114 Sq.ft. and to lease the built-up space in the above IT/ITeS SEZ.

Ltd After deliberations, the Board approved the proposal of M/s. ANSR Global Corporation Pvt. for additional built up area in accordance with the agreement between the Developer and codeveloper dated 26.02.2018 subject to standard terms and conditions as per SEZ Act and Rules provided that the lease period is reduced to a period not exceeding 30 years (Renewable).

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Page 10 of 14

od not exceeding 30 years (Renewable).

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Minutes ofthe 82" meeting of the Board of Approval for SEZ held on 4" April, 2018 (iii) Request of M/s. Volupia Developers Pvt. Ltd. for co-developer in Multi Services SEZ at Ratanpur, District Gandhinagar, Gujarat, being developed by M/s. GIFT SEZ Ltd. for additional built up area of 419 sq. mtr (4510 sq.ft.) After deliberations, the Board approved the proposal of M/s. Volupia Developers Pvt. Ltd. for additional built up area of 419 sq. mtr. (4510 sq.ft.), in accordance with the Lease-cum-Development Agreement entered into with the developer subject to standard terms and conditions as per SEZ Act and Rules provided that the lease period is reduced to a period not exceeding 30 years (Renewable).

(iv) Proposal of M/s SEZ Recycling, a recycling unit in Mahindra IT SEZ, Chennai for extension of LoP from 24.03.2018 to 23.03.2023.

On the issue ofgrant of LoP to the unit on 07.04.2006 when SEZ Rules had been notified, DC MEPZ informed that the matter had been raised at the time of grant of extension of LoP to the unit beyond 24.03.2013 during the 57" meeting of the BoA held on 15.03.2013. It was informed thar approval for extension of LoP of the unit beyond 23.03.2013 was approved by DoC.

sion of LoP to the unit beyond 24.03.2013 during the 57" meeting of the BoA held on 15.03.2013. It was informed thar approval for extension of LoP of the unit beyond 23.03.2013 was approved by DoC.

As per Minutes of the 57" BoA meeting, the matter had been deferred for seeking clarification on the issue from DC MEPZ. The matter again came up before the BoA in its 61° meeting held on 3” April, 2014 when the Board was informed that the unit was issued LoA on 07.04.2006. The LoA was issued by the DC as during that period the SEZ Act was not promulgated and the UAC was not in place. The Board had therefore approved extension of LoP of the unit upto 3" April, 2016. Subsequently, the BOA approved extension upto 23.3.2018 in its 71“ meeting held on 22.6.2016. in view of the above position, the Board approved extension of LoP of M’s. SEZ Recycling upto 23.03.2023.

(v) Proposal of M/s Trishyiraya Recycling (India) Pvt. Ltd. a unit in MEPZ for renewal of LoA from 01.01.2018 to 31.12.2022.

The Board after deliberations, approved extension of LoA up to 31.12.2022.

Proposal of M/s Trishyiraya Recycling (India) Pvt. Ltd. a unit in MEPZ for renewal of LoA from 01.01.2018 to 31.12.2022.

The Board after deliberations, approved extension of LoA up to 31.12.2022.

(vi) M/s. Grand Canyon SEZ Pvt. Ltd., Co-developer of IT/ITES SEZ of M/s. ASF Insignia SEZ Pvt. Ltd.at Village Gwal Pahari, Gurgaon (Haryana) — Proposal for increase of area from 3.739 acre to 3.741 acre and addendum of Co-developer agreement dt. 03.02.2016. area The Board, was informed by DC, NSEZ that the revenue records pertaining to the additional the additionalhad been verified.area had ThebeenJointverifiedDirectorfrom(Industries),the revenueGovernmentrecords. ofThe HaryanaBoard alsoafterconfirmeddeliberationsthat approved the proposal subject to standard terms and conditions as per SEZ Act and Rules provided that the lease period is reduced to a period not exceeding 30 years (Renewable).

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(vii) M/s. Kings Canyon SEZ Pvt. Ltd., Co-developer of IT/ITES SEZ of M/s. ASF Insignia SEZ Pvt. Ltd.at Village Gwal Pahari, Gurgaon (Haryana) — Proposal for amendment in codeveloper agreement and Lease deed executed with the SEZ Developer.

The Board, was informed by DC, NSEZ that the revenue records pertaining to the additional area had been verified. The Joint Director (Industries), Government of Haryana also confirmed that

Page HI of 14

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rea had been verified. The Joint Director (Industries), Government of Haryana also confirmed that

Page HI of 14

Minutes ofthe 82" meeting of the Board of Approval tor SEZ held on 4" April, 2018

the additional area had been verified from the revenue records. The Board after deliberations approved the proposal subject to standard terms and conditions as per SEZ Act and Rules provided that the lease period is reduced to a period not exceeding 30 years ( Renewable).

(viii) Request of M/s. Qualit Agro Processors, a unit in CCCI SEZ, Tamil Nadu, for amendment in the LoA issued to them for deleting condition no. (iii) of the LoA and to permit them procure pulses form DTA. and The Board, after deliberations. deferred the matter and directed that the entire issue of import export of pulses in SEZs may be re-looked into, in consultation with DGFT.

(LOP)(ix) Request of M/s. CHL Ltd. in the Noida SEZ for extension of Letter of Permission beyond 28/04/2017 upto 28/04/2018.

rt of pulses in SEZs may be re-looked into, in consultation with DGFT.

(LOP)(ix) Request of M/s. CHL Ltd. in the Noida SEZ for extension of Letter of Permission beyond 28/04/2017 upto 28/04/2018.

M’s Shri Yash Kumar Sehgal, Director of M/s. CHL Ltd. along with Shri Sukhbir Singh, Adv., CHL Ltd. appeared before the Board who informed that M/s. CHL Ltd. was having a sound financial background and was engaged in the hospitality industry. It is presently Operating one five Tajikistan.star deluxe hotelM/s CHLi.e. ‘Thewas alsoSuryaahaving New anDelhi’agreementand waswithalsoM/s.operatingSyscomtheCorporation‘Sheraton Dushanbe’Pvt. Ltd. forat providing them technical knowhow for manufacturing of plastic cards for their export for their increased requirement in the field. The Board allowed M/s. CHL Ltd. 7 days time to furnish duly Corporation Pvt. Ltd. to facilitate final decision in the matter. certified documents relating to its financial credentials and copy of the agreement with M’s. Syscom Decision on Supplementary Agenda (i) Item No. 82.8: Change of Shareholding Pattern Cases (3 proposals) Ltd. Proposai of M/s. Atos India Pvt. Ltd. (unit-1)., a unit in IT/ITES SEZ of M/s. [G3 Infra at Pallavaram-Thoraipakkam 200 Feet Road, Thoraipakkam, Chennai for change of implementing agency/transfer of shareholding pattern from M/s. Atos India Pvt. Ltd. — Unit-I to M/s. Atos Global IT Solutions and Services Pyt. Ltd. — Unit-I due to de-merger order passed by NCLT. The Board approved the proposal subject to following conditions:-

os India Pvt. Ltd. — Unit-I to M/s. Atos Global IT Solutions and Services Pyt. Ltd. — Unit-I due to de-merger order passed by NCLT. The Board approved the proposal subject to following conditions:-

    1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity;

  • i) Fulfilment of all eligibility criteria applicable to unit, including security clearances etc., by the in) altered unit entity and its constituents: Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which

  • iv) regulate issues like capital gains, equity change, transfer, taxability etc. 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

  • v) Revenue and to the jurisdictional Authority. 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, by

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Minutes of the 82"" meeting ofthe Board of Approval tor SEZ held on 4" April. 20138

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  • vi) The applicant shall comply with relevant State Government laws. including those relating to lease of land, as applicable.

  • vil) The unit shall furnish details of PAN andjurisdictional assessing officer ofthe unit to CBDT.

with relevant State Government laws. including those relating to lease of land, as applicable.

  • vil) The unit shall furnish details of PAN andjurisdictional assessing officer ofthe unit to CBDT.

(ii) Proposal of M/s. Atos India Pvt. Ltd. (unit-I})., a unit in IT/ITES SEZ of M/s. IG3 Infra Ltd. at Pallavaram — Thoraipakkam 200 Feet Road, Thoraipakkam, Chennai for change of implementing agency/transfer of shareholding pattern from M/s. Atos India Pvt. Ltd. — Unit-II to M/s. Atos Global IT Solutions and Services Pvt. Ltd. — Unit-II due to de-merger order passed by NCLT.

    1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity:

  • ii) Fulfilment of ali eligibility criteria applicable to unit, including security clearances ete., by the altered unit entity and its constituents;

  • iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc.

  • iv) Fuil 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.

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.

  • VW) The appheant shal: comply with relevant State Government laws, aneluding those relating to lease Of lane. ax applicable

vith (he unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBD!

(iii) Proposal of M/s. Phoenix Infocity Private Limited a subsidiary of Phoenix Infratech (India) Private Limited, are the developers of an [T/ITES SEZ at Sy. No. 30(P), 34(P), 35(P) and 38(P), Gachibowli village, Serilingampalli Mandal, Ranga Reddy District, Hyderabad — for transfer of ownership of M/s. Phoenix Infocity Private Limited by way of transfer of shares to M/s. Deccan Real Ventures Private Limited The Board noted that 35 units were functioning in the SEZ and approved the proposal subject to following conditions:-

  • i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for ii) the altered developer entity: Fulfilment of all eligibility criteria applicable to developer, including security clearances etc., by the altered developer entity and its constituents;

] | |

| |

  • iti) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc.

tuents;

] | |

| |

  • iti) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules 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. (-

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Minutes of the $2°" meeting of the Board of Approval for SEZ held on 4" April, 2018

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|

  • vi) The applicant shall comply with relevant State Government laws. including those relating to lease of land, as applicable.

  • vii) The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT.

Item No. 82.9 : Miscellaneous Cases (2 proposals)

(i) Restoration of LoA of M/s. Sarthak Warehousing & Trading Co. (SWTC), Gandhidham.

The Board, after deliberations deferred the proposal and directed DC, KASEZ to re-examine whether activity proposed by the unit amounts to recycling.

(ii) Request for approval of co-developer status in respect of M/s. Shreekunj Hospitality Pvt. Ltd. in Dahej SEZ

DC, Dahej SEZ informed that the revised co developer agreement with M’s Shreekunj Hospitality Pvt. Ltd. mentions about the transfer of assets and liabilities of M/s. Dahej Hospitality Pvt. Ltd. (now M’s. Cambay SEZ Hotels Pvt. Ltd.) to the new co-developer, making the original co developer's agreement with Cambay as redundant. The agreement with M/s. Dahej Hospitality Pvt. Ltd. (now M/s. Cambay SEZ Hotels Pvt. Ltd.) would therefore need to be cancelled by the BOA. BOA noted that the Sale Certificate dated 7th January 2017 issued by SIDBI is a statutory document issued under Rule 6, 7, 8 and 9 of the Security Interest (Enforcement) Rules, 2002. Hence any amendment in this certificate would need issuance of either a revised Sale Certificate or corrigendum to the origina! certificate as the clarification from SIDBI dated 23.3.2018 may not have statutory force.

The Board. after deliberations, approved the proposal subject to submission of formal amendment of the sale certificate issued by SIDBI through the Zonal Development Commissioner and cancellation of the Co-developer agreement with M/s. Dahej Hospitality Pvt. Ltd. (now M/s. Cambay SEZ Hotels Pvt. Ltd.). foe KRKKKKEER

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Annexure - [

Zonal Development Commissioner and cancellation of the Co-developer agreement with M/s. Dahej Hospitality Pvt. Ltd. (now M/s. Cambay SEZ Hotels Pvt. Ltd.). foe KRKKKKEER

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Annexure - [

List of Participants for the Meeting of the Board of Approval for Special Economic Zones Commerce.held on 4" April, 2018 under the Chairpersonship of Commerce Secretary, Department of‘

  • I. Ms. Rita Teaotia, Chairperson, BoA & Commerce Secretary, Department ofCommerce 2. Shri Alok Vardhan Chaturvedi, DG, DGFT. 3. Shri Bidyut Behari Swain, Additional Secretary, Department of Commerce 4. Smt. Deepshikha Sharma, Addl. (CIT) OSD, CBDT, Department of Revenue, Ministry of Finance.

  • _

  1. Shri Saroj Kumar Behera, Joint Director, DGEP, CBEC 6. Shri Sunil Srivastava, Assistant Director, DGEP, Department of Revenue, Ministry of Finance

  2. Shri Ashwani Oham, Resident Representative, Govt. of Odisha. 8. Shri K. Biswal, Addl. Secretary, Legislative Department, M/o. Law & Justices, Shastri Bhawan, New Delhi. .

  3. Shri Anil Kumar Choudhary, Joint Director, Department of Industries & Commerce, Haryana.

  4. Shri Anil Kant Mishra, Research Assistant TCPO, Ministry of Urban Development, Vikas Bhawan, [.P. Estate, New Dethi

  • | 1. Shri Sushant Sudan, Dy. Director, DIPP.

  1. Ms. Urmila, Joint Director, Ministry of Environment Forest & Climate Change.

  2. Shri Rajiv Malik, Assistant Resident Commissioner, Govt. of Maharashtra, Maha Sadan.

  3. Shri Gurpreet Singh, Manager, PSIEC, Govt. of Punjab.

nistry of Environment Forest & Climate Change.

  1. Shri Rajiv Malik, Assistant Resident Commissioner, Govt. of Maharashtra, Maha Sadan.

  2. Shri Gurpreet Singh, Manager, PSIEC, Govt. of Punjab.

  3. Dr. Krishna Kanth Pulicherla, Scientist, TDT Division, Room No. 13, Hall C, Technology, Technology Bhawan, New Delhi.

  4. Shri Daya Kishore Joseph Lakra, Scientist “C’, [PS&ITS Division, M/o Electronics & IT, Electronics Niketan, CGO Complex. New Delhi.

  5. Shri N.K. Singh, OSD, Noida Authority, Govt. of Uttar Pradesh. 18. Shri Yash Kumar Sehgal, Director, CHL Ltd 19. Shri Sukhbir Singh, ADV, CHL

LIST OF DEVELOPMENT COMMISSIONERS

  1. Dr. L.B. Singhal, Development Commissioner, Noida SEZ

  2. Dr. M.K.S. Sundram, Development Commissioner, MEPZ-SEZ/ CSEZ/Sri City SEZ 22. Shri Baldev Singh, Development Commissioner, SEEPZ-SEZ

  3. Shri Upendra Vashisht, Development Commissioner, KASEZ

  • 24, Ms. Sobhana K.S. Rao, Development Commissioner, VSEZ

  1. Shri R.P. Goyal, Development Commissioner, Reliance SEZ, Jamnagar/ Dahej SEZ (Addl. Charge).

  2. Dr. Amiya Chandra, Development Commissioner, APSEZ, Mundra

  3. Shri S.S. Das, Development Commissioner, Mihan SEZ

  4. Shri K.L. Sharma, Development Commissioner, Surat SEZ

  • . 29, Shri A.K. Singh, Development Commissioner, Mangalore SEZ 30. Shri V.K.K. Nadimapalli, Dy. Development Commissioner, APIIC SEZ. Atchutapuram, Visakhapatnam.

    1. Shri Ishwar Singh, Joint Development Commissioner, ISEZ, Indore

LIST OF PARTICIPANTS FROM DEPARTMENT OF COMMERCE

  1. Shri T.V. Ravi, Director, Department of Commerce
  1. Shri G. Srinivasan, Under Secretary, Department of Commerce

  • .

  • 34, Shri Aditya Narayan, Under Secretary, Department of Commerce

  • 35, Shri K.C. Biswal, Section Officer, Department of Commerce 36. Shri Piyush, Section Officer, Department of Commerce

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