20/09/2023 — 03-3-midc-kesurdi

SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI.

AGENDA FOR

MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR MANUFACTURING SECTOR OF MIDC-KESURDI, SATARA-SEZ.

Via Video Conferencing

DATE : 21.09.2023

TIME : 11:00 A.M.

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MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR MANUFACTURING AT PUNE, UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER, SEEPZ-SEZ ON 21.09.2023

INDEX

Agenda Item No.

Subject

Agenda Item No. 01 :- Confirmation of the Minutes of the meeting held on 25.04.2023 Agenda Item No. 02 :- Monitoring of the performance of M/s. Fortune Agri Equipments Pvt Ltd.

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1 Minutes of the 50th Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for Manufacturing Sector of MIDC- Kesurdi-SEZ, held on 25.04.2023 via video conference 1 Name of the SEZ MIDC-Kesurdi-SEZ 2 Sector Manufacturing 3 Meeting No. 50th
4 Date 25.04.2023 Members present S r Name and Designation (S/Shri.) Department 1 Smt. Mital Hiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Smt. Bhumika Saini DCIT, Nashik Nominee of Income Tax, Pune 3 Dr. Dileeraj Dabhole Dy. DGFT Nominee of DGFT, Pune 4 Smt. Sunita Jagtap Superintendent Nominee of Customs, Pune Special Invitee S r Name and Designation Department 1 Shri B. Ajay Kumar Specified Officer MIDC-Kesurdi-SEZ Agenda Item No. 01: Confirmation of the Minutes of the 49th meeting held on 28.11.2022 After deliberation, the Committee confirmed the minutes of the 49th meeting of Approval Committee held on 28.11.2022 File No.S-SEZ-PRO0MIDK/5/2022-JDCP

2 Agenda Item No. 02: Monitoring of the performance of M/s. Edicon Pneumatic Tool Company Pvt. Ltd. After deliberation, Committee monitored the performance of the Unit for for 4 years of 1ST block period i.e. 2018-19 to 2021-22 in terms of Rule 54 of SEZ Rules, 2006 and noted that the unit has achieved positive NFE of Rs. 4565.36 Lacs which is 90.20% on cumulative basis with employment of 48 during the 1ST Block period of FY 2018-19 to FY 2021-22. The meeting ended with vote of thanks to the Chair. (Shyam Jagannathan, IAS) Chairman-cum- Development Commissioner E-Mail- dcseepz-mah@nic.in File No.S-SEZ-PRO0MIDK/5/2022-JDCP

GOVT. OF INDIA, OFFICE OF THE ZONAL DEVELOPMENT COMMISSIONER, SEEPZ – SEZ (PUNE CLUSTER)

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AGENDA NOTE FOR CONSIDERATION OF THE APPROVAL COMMITTEE

a) Proposal: Monitoring of the performance of M/s. Fortune Agri Equipments Pvt Ltd. a manufacturing unit located in MIDC Kesurdi-SEZ, for 4 years of the 1st Block period i.e from FY 2018-19 to 2021-22. b) Specific Issue on which decision of Approval Committee is required: Monitoring of the performance of the unit for 4 years of the 1st Block period i.e from FY 2018-19 to 2021-22, in terms of Rule 54 of SEZ Rules, 2006. c) Relevant Provisions: As per Rule 54 of SEZ Rules, 2006 “Performance of the Unit shall be monitored by the Approval Committee as per the guidelines given in Annexure appended to these rules”. Approved export projections for 1st Block Period: (Rs. In Cr.)

2018-19 2019-20 2020-21 2021-22 2022-23 Total FOB Export 0.61 0.96 20.48 22.51 24.87 69.43 FE Outgo 0.52 1.92 11.10 12.15 13.36 39.04 NFE 0.09 -0.96 9.38 10.36 11.51 30.39 (A) Performance as compared to projections: (Rs. In Cr.) Year Export F.E. OUTGO Projected Actual Raw Material (Goods/Services) C.G. import Other outflow Projecte d Actua l Projecte d Actual Actual 2018- 19 0.61 0.05 37.54 1.00 1.50 0.13 0.00 2019- 20 0.96 0.53 1.34 0.07 0.00 2020- 21 20.48 2.15 3.43 0.03 0.00 2021- 22 22.51 5.77 1.90 0.02 0.00 Total 44.56 8.50 37.54 7.67 1.50 0.25 0.00 File No.S-SEZ-MONT0MIDK/3/2023-JDCP

(B) Cumulative NFE Achieved: (Rs. In Cr.) Year Cumulative NFE achieved Cumulative NFE in % 2018-19 (0.32) -675.2 2019-20 (0.99) -173 2020-21 (0.43) -15.71 2021-22 3.52 41.49 (C) Employment: As per SO Report: Year Men Women Total 2021-22 15 10 35 (D) Other Information: LOA No. & Date SEEPZ/NEWSEZ/MIDC- SATARA/8/2015-16 dated 15.05.2015 Location of Unit Plot No.07, Khandala Phase-I, SEZ Industrial Area, Village Kesurdi, Tal- Khadala, Dis-Satara-412801 Validity of LOA 04.07.2023 Item(s) of manufacture/ Services Manufacturing Date of commencement of production 05.07.2018 Execution of BLUT Sr. No Date of BLUT acceptance Value of BLUT (Rs. In Cr) 1. 18.12.2015 14.19 2. 23.05.2020 1.59 Total 16.49 Outstanding Rent dues No Labour Dues No Validity of Lease Agreement Pending CRA Objection, if any No Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any No Area allotted (in sq.ft.) 2000 Sq.ft. i.e. 21527.82 Sq. ft Area available for each employee per 615.08 Sq. ft File No.S-SEZ-MONT0MIDK/3/2023-JDCP

sq.ft. basis (area / no. of employees) Investment till date Building 1.50Cr Plant

& Machinery 23.62Cr Quantity and value of goods exported under Rule 34 (unutilized goods)

Value Addition during the monitoring period

Whether all the APRs being considered now has been filed well within the time limit, or otherwise. If no, details of the Year along with no of days delayed to be given. Yes The Specified Officer vide letter dated 01.09.2023 has reported as under: A. EXPORT DETAILS (Fig. in Cr.) Year/Perio d Figures as per APR Figures as per Softex/SB / Customs Records Difference if any Reason for Difference/Remark 2018-19 0.05 0.05 Nil 2019-20 0.53 0.53 Nil 2020-21 2.15 2.15 Nil 2021-22 5.77 5.77 Nil (a) Import: (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis. (Rs. In Cr.)

Year/Perio d Figures as per APR Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2018-19 0.13 0.13 Nil 2019-20 0.07 0.07 Nil 2020-21 0.03 0.03 Nil 2021-22 0.02 0.02 Nil Raw material

(Rs. In Cr.) File No.S-SEZ-MONT0MIDK/3/2023-JDCP

Year/Period Figures as per APR (RM Imported) Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2018-19 1.00 1.00 Nil

2019-20 1.34 1.34 Nil

2020-21 3.43 3.43 Nil

2021-22 1.90 1.90 Nil

(b) BLUT (Rs in Crs) 1 Value of BLUT Executed (Duty foregone) (including for CG / Raw Material / Services) Value of Additional BLUT executed TOTAL value of BLUT Executed :

1. Rs. 14.90/-File No.SEEPZ/NEW- SEZ/MIDC-SATARA/O8/2015- 16/19181/Date:18.12.2015
2. Rs.1.59/-, File No.SEEPZ/NEWSEZ/MIDC- SATARA/O8/2015- 16/196/Date:23.05.2020. Total Rs.16.49/- 2 Total Duty Foregone on goods & services procured Category Wise Year Wise Year wise Goods Imported & indigenous. (Rs in Crs) Service s 2018-19 0.35 0.00 2019-20 0.48 0.00 2020-21 1.24 0.00 2021-22 1.36 0.00 Total 3.43 0.00 3 Has the Unit procured goods and or services without having sufficient balance in their BLUT. If yes, Month & Year when the BLUT was exhausted Details of the consignments and Total value of Goods procured without having sufficient or nil balance in BLUT

No.

(d) Employment made as on date (as on end of block period / year up to which monitoring is being done) Men 15 Women 10 File No.S-SEZ-MONT0MIDK/3/2023-JDCP

(e) Details of pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2022) To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. No. (f) Whether all softex has been filed for the said period. If no, details thereof. SO to also check whether unit has obtained Softex condonation from DC office/ RBI and if approved, whether they have filed such pending Softex. NA (manufacturing Unit) (g) Whether all Softex has been certified, if so till which month has the same been certified. If not, provide details of the Softex and reasons for pendency. NA (manufacturing Unit) (h) Whether unit has filed any request for Cancellation of Softex NA (manufacturing Unit) (i) Whether any Services provided in DTA / SEZ/EOU/STPI etc. against payment in INR in r/o IT/ITES Unit during the period. If yes, details thereof (year wise details to be provided) No. (manufacturing Unit) (j) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. Kept in abeyance as per Office Order No SEEPZ/JDC/Pune/01/2022- 23/2151 dated 16.03.2023. (k) Has the unit cleared any Capital Goods procured duty free in DTA against payment of Duty, or otherwise. Full details to be provided along with value of assets and duty discharged No. (l) Is the unit sharing any of their infrastructures with other units or are utilizing infrastructure of another unit in the same or other SEZ. If so, details thereof, including the details of the unit with whom the sharing is being made, and the payment terms If approval for sharing of common No. File No.S-SEZ-MONT0MIDK/3/2023-JDCP

infrastructure has been obtained from UAC / DC office, the date of UAC / Approval letter to be indicated. (m ) Whether all DSPF for services procured during the said monitoring period under consideration has been filed by the unit and whether the same has been processed for approval by the SO Office. The Unit has not procured any type of services till date BY AVAILING ANY TAX BENEFIT UNDER SEZ RULES/ACTS. The Unit has informed and confirmed via email dated 22.08.2023, that they will file DSPF in future whenever they will procure any services WITH TAX BENEFIT. (n) Whether unit has filed all DTA procurement w.r.t. the goods procured by them during the monitoring period for the relevant period. If no, details thereof Yes. (o) Details of the request IDs pending for Out Of Charge in respect of DTA procurement on the date of submission of monitoring report No. (p) Has the unit set up any cafeteria / canteen / food court in unit’s premises? If yes, whether permission from UAC / DC office has been issued, or otherwise office has been issued, or otherwise Whether unit has availed any duty paid goods / services for setting up such facility? If yes, whether unit has discharged such duty / tax benefit availed? details to be given including amount of duty / tax recovered or yet to be recovered No. (q) Whether any violation of any of the provisions of law has been noticed / observed by the Specified Officer during the period under monitoring No. ADC’s observations:  The unit has achieved Export of Rs.8.50Cr. against the projected export of Rs. 44.56 Cr. i.e., 19.08% in four year of 1st Block period.  The unit has achieved NFE of Rs.3.52Cr. i.e, 41.49% in 4th year i.e. 2021-22 of 1st Block period on cumulative basis.  Vide SO repot the unit has achieved employment as detailed below: File No.S-SEZ-MONT0MIDK/3/2023-JDCP

Year Men Women Total 2021-22 15 10 25  Approval Committee may kindly monitor the performance of the Unit for 4 years of the 1st Block period i.e from FY 2018-19 to 2021-22, in terms of Rule 54 of SEZ Rules, 2006 File No.S-SEZ-MONT0MIDK/3/2023-JDCP