Agenda for Approval Committee meeting for Private SEZs to be held on 06.10.2023 — 01-festus-agenda

SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI.

MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES OF M/s. FESTUS PROPERTIES PRIVATE LIMITED.

SOURCE : Video Conferencing through Cisco WEBEX application.

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DATE : Friday, 06th October, 2023. TIME : 11:30 A.M.

Meeting of the Approval Committee for Sector Specific Special Economic Zone for IT/ITES of M/s. Festus Properties Private Limited – SEZ under the Chairmanship of Development Commissioner, SEEPZ-SEZ on Friday, 06th
October, 2023.

INDEX

Agenda Item No.

Subject Agenda Item No. 01 : - Confirmation of minutes of the meeting held on 30.06.2023. Agenda Item No. 02 : - Application for setting up of New Unit at M/s. Festus-SEZ for information Technology and Information Technology Enabled Services – M/s. Aptia Group India Private Limited Agenda Item No. 03 : - Monitoring performance of QPR for the period April 2023 to June 2023 – M/s. Festus Properties Pvt. Ltd., (Developer) Agenda Item No. 04 : - Approval w.r.t. Addition of location to include additional area admeasuring 109452 Sq. ft. At Unit No. 1201, 12th Floor, Unit No. 1301, 13th Floor (Part), Kensington A Wing, Festus Properties Private Limited-SEZ, at Downtown Powai, One South Avenue Powai, Mumbai- 400076 with Capacity Enhancement and revision in projection. – M/s. L&T Energy Hydrocarbon Limited.

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GOVERNMENT OF INDIA OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, ANDHERI (EAST), MUMBAI

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AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal :- Quarterly Performance Reports of M/s. Festus Properties Pvt. Ltd., (Developer) for the period April 2023 to June 2023. b. Specific Issue on which decision is required :- Quarterly Performance Report for the period April 2023 to June 2023, c. Relevant provision of SEZ, Act, 2006 & Rules: In terms of Rule 12(6), of SEZ Rules 2006 - “The Developer shall maintain a proper account of the import or procurement, consumption and utilization of goods and submit quarterly and half-yearly returns to the Development Commissioner in Form E for placing the same before the Approval Committee”.

       In terms of Rule 22(4), of SEZ Rules 2006 - “The Developer shall submit

Quarterly Report on import and procurement of goods from the Domestic Tariff Area, utilization of the same and the stock in hand, in Form E to the Development Commissioner and the Specified Officer and Development Commissioner shall place the same before the Approval Committee.

d. Other Information : Festus Properties Pvt. Ltd., (Developer), has been granted Formal Approval No. F.2/67/2006-EPZ Dated 19.06.2006 for IT/ITES at Kensington IT/ITES, Hiranandani Business Park, Powai, Mumbai-400076.

         The  QPR  were  forwarded  to  Specified  Officer  for  verification.  The

Specified Officer vide letters dated 12.09.2023 has stated that the QPR submitted by the Developer has been verified and the detailed report in respect of M/s. Festus Properties Private Limited of the QPR (April 2023 to June 2023) is as under:

SR. NO. DETAILS OF GOODS PROCUREMENT QUARTERLY REPORT (Rs. In Crore) April 2023 to June 2023 1 DTA 0.0031 2 IMPORT 0.00 TOTAL 0.0031

       The Utilization of the Bond Value details is as under :

PARTICULAR QUARTERLY REPORT (Rs. In Crore) April 2023 to June 2023 Opening Balance 7.43 Duty Forgone 0.74 Closing Balance 6.69

Copy of Specified Officer’s letters dated 12.09.2023 is enclosed.

      e) ADC Recommendation:
         No Discrepancy has been found by the Specified Officer with respect to

QPR for the period April 2023 to June 2023, of M/s. Festus Properties Pvt. Ltd., (Developer). Hence, monitoring performance of the Developer for said period is submitted before Approval Committee for consideration.

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