16/12/2023 — 01-2-agenda-eon-ii-sez-18122023

SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI.

AGENDA FOR MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE OF M/S. EON KHARADI INFRASTRUCTURE PVT. LTD.-SEZ, PHASE II.

DATE : 18.12.2023

TIME : 11:30 A.M.

VENUE : SEEPZ, SEZ OFFICE, PUNE

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MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE, UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER, SEEPZ-SEZ ON 18.12.2023

INDEX

Agenda Item No.

Subject

Agenda Item No. 01 :- Confirmation of the Minutes of the meeting held on 05.12.2023 Agenda Item No. 02 :- Monitoring of Performance for M/s. Allianz Technology SE Agenda Item No. 03 :- Monitoring of Performance for M/s. Credit Suisse Services AG

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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. Allianz Technology SE., an IT/ITES unit located at 12th Floor, Tower-A, EON Kharadi Infrastructure Pvt. Ltd.-SEZ Phase-II s. No 72/2/1, Kharadi, Pune-411014 for 1st block period i.e. for FY 2018-19 to FY 2022-23 b) Specific Issue on which decision of Approval Committee is required: Monitoring of the performance of the unit for 1st Block period i.e. FY 2018-19 to FY 2022-23 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”. (I) Performance as compared to projections: (i) Approved Projections

(Rs. in Crores) 2018-19 2019-20 2020-21 2021-22 2022-23 Total FOB Value of Exports 12.77 89.85 138.13 164.59 181.05 586.39 FE Outgo 15.13 0.1 8.73 0.06 0.05 24.07 NFE (2.36) 89.75 129.40 164.53 181.00 562.32 Performance as compared to projections:

(Rs. in Crores) Year Export F.E. OUTGO Projected Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2018-19 12.77 0.71 0.00 0.00 2406.67 5.28 0.00 2019-20 89.85 76.51 0.00 0.00 0.04 4.60 2020-21 138.13 199.74 0.00 0.00 5.36 24.05 2021-22 164.59 272.64 0.00 0.00 1.77 22.96 2022-23 181.05 310.85 0.00 0.00 1.05 23.34 Total 586.39 860.45 0.00 0.00 2406.67 13.50 74.95 [[[ (II) Cumulative NFE achieved:
(Rs. in Crores)

(III) Employment Achievement (Direct): FY 2022-23 as on 31.03.2023 Year Cumulative NFE Achieved Cumulative % NFE Achieved 2018-19 0.185 25.95% 2019-20 71.56 92.67% 2020-21 246.19 88.89% 2021-22 494.63 90.00% 2022-23 780.79 90.74% File No.S-SEZ-MONT0EON2/3/2023-JDCP I/3379/2023 14

Year Men Women Total 2022-23 791 460 1251 (d) Relevant provisions: 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”
(e) Other Information:
LOA NO & Date SEEPZ/EKIPL-SEZ/ASTE/30/2017- 18/08651 Dated 06.04.2018 Location of Unit 12th Floor, Tower-A, EON Kharadi Infrastructure Pvt. Ltd.-SEZ Phase-II s. No 72/2/1, Kharadi, Pune-411014 Validity of LOA 22.09.2023 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 19.12.2023 Execution of BLUT Rs. 9.50 Crores Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 09 years from 01/10.2018 to 30.09.2027 (Executed on 14.05.2019) Pending CRA Objection, if any NA Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any NA Projected employment for the block period No. of employees as on 31.03.2023 Men-791 Women-460 Total-1251 Area allotted (in sq. ft.) 71426.45 Sq. ft Area available for each employee per sq.ft. basis (area / no. of employees) 57.09 Sq. ft. Investment till date Building NIL
Plant & Machinery 13.38 Crores Quantity and value of goods exported under Rule 34 (unutilized goods) NA Value Addition during the monitoring period NA 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 Officers vide letter dated 14.12.2023 has submitted APR verification report for the period FY 2018-19 to FY 2022-23, in the prescribed which is as detailed below: I/3379/2023 15

(A) EXPORT (Rs. In Crores) Year/Period Figures reported in APR Figures as per Softex/Customs Records Difference if any Reason for Difference/ Remark (1) (2) (3) (4) (5) 2018-2019 0.71 0.71

-- 2019-2020 76.52 77.48 (-) 0.96 For the Difference of Rs.0.96 Crores Credit Note was raised during the said period. 2020-2021 199.74 223.55 (-) 23.81 For the Difference of Rs.23.81 Crores Credit Note was raised during the said period. 2021-2022 272.65 302.55 (-) 29.90 For the Difference of Rs.29.90 Crores Credit Note was raised during the said period. 2022-2023 310.85 350.37 (-) 39.52 For the Difference of Rs.39.52 Crores Credit Note was raised during the said period. (B) IMPORT i) (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.) (Rs. In Crores) Year/Period Figures reported in APR (FOB Value) Figures as

per Customs Records Differe nce if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2018-2019 5.28 4.50 0.78 (+) Rs 0.91 crores wrongly considered in the APR. (-) Rs 0.13 crores is not considered in APR. (The Unit has been asked to revise the APR) 2019-2020 Actual and not cumulative 0.04 0.04 0.00

2020-2021 5.36 5.23 0.13 Rs. 0.13 crores (Rs.0.06 + I/3379/2023 16

(Actual and not cumulative) Rs.0.07)

crores

wrongly considered in APR as Two Bill of Entries were cancelled.
(The Unit has been asked to revise the APR) 2021-2022 (Actual and not cumulative) 1.77 1.03 0.74 (-) Rs 0.80 crores wrongly considered in the Current Financial Year as the BOE was amended & submitted in next financial year. (+) Rs 0.06 Crores amount not considered

in

APR

as inadvertently only part value covered in the BOE was considered in the APR (The Unit has been asked to revise the APR) 2022-2023 (Actual and not cumulative) 1.05 1.05 0.00

ii) Raw Material (Rs. In Crores) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2018-2019 0.00 0.00 0.00

2019-2020 0.00 0.00 0.00

2020-2021 0.00 0.00 0.00

2021-2022 0.00 0.00 0.00

2022-2023 0.00 0.00 0.00

(‘C) BLUT (Amount in ‘Crores’) I/3379/2023 17

1 Value of BLUT Executed (Duty foregone) (including for CG/ Raw Material/ Services) Value of Additional BLUT executed

Year: Date of acceptance

BLUT amount: TOTAL value of BLUT Executed

1. F.No. SEEPZ/EKIPL/ATSE/30/2017-18 dated 28.05.2018 Rs. 9.50 Crores Total: Rs. 9.50 Crore 2 Total Duty Foregone on goods & services procured Category Wise: Year Wise: FY Import Goods Ind. Goods Services 18-19 1.32 0.06 0.00 19-20 0.00 0.00 1.23 20-21 1.00 0.18 3.65 21-22 0.41 0.26 5.09 22-23 0.06 0.85 7.21 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 (31.03.2023) (as on end of block period/ year up to which monitoring is being done) Men:791 Women: 460 Total Employment: 1251 I/3379/2023 18

(e) Details of Pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2023) Customer Name Date of Invoice Amoun t in INR Crores Reason Allianz Insurance Lanka Ltd 19-11-21 1.20 Sri Lanka crises due to which Customer not able to send the money. This will be recovered in coming days. 17-12-21 1.04 Total 2.24 Allianz Technolog y SAS 30-09-22 0.41 Approval from customer not received, discussion on going and money would be received 21-10-22 0.12 22-11-22 0.05 22-11-22 0.10 30-11-22 0.05 19-12-22 0.17 20-12-22 0.02 20-12-22 0.09 23-03-23 0.04 31-03-23 0.03 Total 1.07 (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. Yes (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. No, All SOFTEX were filed on time however due to non-mapping of GOC’s the SOFTEX are pending for Certification. The unit is in the process of completing the mapping of GOC’s and submitting the SOFTEX for certification. The unit has given an Undertaking that they will be completing filling of pending SOFTEX, for the Monitoring period, I/3379/2023 19

within a month’s time. (h) Whether unit has filed any request for Cancellation of softex No (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 (j) SO, to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. NA (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 infrastructure 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 infrastructure has been obtained from UAC/DC office, the date of UAC/ Approval letter to be indicated No (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.
Filling of DSPF is Under Process (n) Whether unit has filed all DTA procurement w.r.t. the goods Filling of DTA is Under Process I/3379/2023 20

procured by them during the monitoring period for the relevant period: If no, details thereof (o) Details of the request IDs pending for OOC 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 premises? If yes, whether permission from UAC/DC 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 cafeteria. However, only Breakout area for the employees to come and eat their own meals brought from home (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. 860.45 Cr. against the projected export of Rs 586.39 Cr. i.e., 146.74% in 1st Block period.  The unit has achieved NFE of Rs 780.79 Cr. i.e., 90.74% in FY. 2022-23 on cumulative basis.  The Unit has achieved employment of 1251 (Men-791, Women-460) as on 31.03.2023.  The Unit has been asked to revise the APR for FY 2020-21, 2021-22 to fill the correct import data and FY 2022-23 to fill correct amortization value.
 Approval Committee may monitor the performance of the Unit for the 1st Block i.e. FY 2018-19 to FY 2022-23 in terms of Rule 54 of SEZ Rules, 2006.

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I/3379/2023 21

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. Credit Suisse Services AG,., an IT/ITES unit located at EON Kharadi, Phase II-SEZ, Kharadi, Pune-411014. for 1st Block period i.e. for FY 2017-18 to FY 2021-22 b) Specific Issue on which decision of Approval Committee is required: Monitoring of the performance of the unit for 1st Block period i.e. FY 2017-18 to FY 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”. (I) Performance as compared to projections: (i) Approved Projections

(Rs. in Crores) 2017-18 2018-19 2019-20 2020-21 2021-22 Total FOB Value of Exports 208.05 829.36 1761.73 2213.71 2602.44 7615.29 FE Outgo 47.92 584.88 11.90 26.06 26.31 697.07 NFE 160.13 244.48 1749.83 2187.65 2576.13 6918.22 Performance as compared to projections:
(Rs. in Crores) Reason for less export: The Unit vide email dated 16.12.2023 has submitted that The difference between Projected Export and Actual Export is attributed to COVID-19 pandemic and their operations had experienced a worldwide business slowdown. This has led to challenges such as employee attrition and global cost- cutting measures, resulting in the shortfall. Year Export F.E. OUTGO Projected Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2017-18 208.05 30.16 0 0 116.66 1.24 0.00 2018-19 829.36 260.78 0 0 38.28 1.69 2019-20 1761.73 1226.19 0 0 5.26 10.62 2020-21 2213.71 1944.09 0 0 1.24 5.16 2021-22 2602.44 2602.44 0 0 3.01 391.24 Total 7615.29 6063.66 0 0 116.66 49.03 408.71 File No.S-SEZ-MONT0EON2/1/2022-JDCP I/3375/2023 35

[[[ (II) Cumulative NFE achieved:
(Rs. in Crores)

(III) Employment Achievement (Direct): FY 2021-22

The Unit has achieved employment of 8073 employees (Men-5596, Women-2477) as on 31.03.2022. (d) Relevant provisions: 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”
(e) Other Information:
LOA NO & Date SEEPZ/EKIPL-SEZ/CSSAG/29/2017- 18/17180 Dtd. 24.08.2017 Location of Unit 1st to 8th Floor, Tower A, EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Survey No.72, Hissa No. 2/1, Kharadi, Pune- 411014 Validity of LOA 23.11.2027 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 24.11.2017 Execution of BLUT 22.11.2022 Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 09 years Pending CRA Objection, if any NA Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any NA Projected employment for the block period No. of employees as on 31.03.2023 8073 (Men-5596, Women-2477) Area allotted (in sq.ft.) 336382.93 Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 41.66 Sq. ft. Investment till date Building 124.24 Plant & Machinery 88.27 Quantity and value of goods exported under NA Year Cumulative NFEA Achieved Cumulative % NFE Achieved 2017-18 30.04 99.59% 2018-19 284.62 97.83% 2019-20 1490.09 98.22% 2020-21 3424.43 98.94% 2021-22 5630.74 92.86% I/3375/2023 36

Rule 34 (unutilized goods) Value Addition during the monitoring period NA 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 Officers vide letter dated 15.12.2023 has submitted APR verification report for the period FY 2017-18 to FY 2021-22, in the prescribed which is as detailed below; (A) EXPORT (Rs. In Crores) Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2017-18 30.16 15.08 15.08 Unbilled Revenue 14.92 Exchange Rate Diff 0.16 Total 15.08 2018-19 260.78 240.51 20.27 Unbilled Revenue 39.11 Unbilled revenue of previous

year adjusted (-) 14.92 Exchange Rate Diff (-) 3.92 Total 20.27 2019-20 1226.19 1251.93 (-) 25.74 Exchange Rate Difference 2020-21 1944.09 1921.44 22.65 Exchange Rate Difference 2021-22 2602.44 2573.20 (-) 29.24 Rs 9.29 Crores is towards DTA Sale. However, the Invoice was raised in USD. Difference of Rs 19.95 Crores is Exchange Rate Difference (B) IMPORT i) (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.) (Rs.

In Crores) Year/Period Figures reported in APR (FOB Figures as per Custom Difference if any Reason

for Difference/Remark I/3375/2023 37

Value) s Records (1) (2) (3) (4) (5) 2017-2018 1.24 2.30 1.06 The difference of Rs.1.06 crores is for the reason that some of the goods received in 2017-18 was capitalized in the books of accounts in subsequent years 2018-2019 38.28 70.21 (-) 31.93 The actual import of the unit as per the NSDL data is Rs.70.21 crores. The unit has stated that there has been an error in reporting the import figures in the APR and has acknowledged to revise the APR. 2019-2020 5.26 18.82 (-) 13.56 The actual import of the unit as per the NSDL data is Rs.18.82 crores. The unit has stated that there has been an error in reporting the import figures in the APR and has acknowledged to revise the APR. 2020-2021

54.93 (cumulative) 1.24 (actual) 53.69 The unit has stated that as the import figures for the previous years have to be amended, the cumulative figure will also have to be revised and the APR will be revised accordingly. 2021-2022 58.03 (cumulative) 3.01 (actual) 55.02 ii) Raw Material (Rs. In Crores) Year/Perio d Figures reported in APR (FOB Value) Figures as per Custom s Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2017-18 0.00 0.00 0.00

2018-19 0.00 0.00 0.00

2019-20 0.00 0.00 0.00

I/3375/2023 38

2020-21 0.00 0.00 0.00

2021-22 0.00 0.00 0.00

(‘C) BLUT (Amount in ‘Crores’) 1 Value of BLUT Executed (Duty foregone) (including for CG/ Raw Material/ Services) Value of Additional BLUT executed

Year: Date of acceptance

BLUT amount: TOTAL value of BLUT Executed

1. F.No. SEEPZ/EKIPL- SEZ/CSSAG/29/2017- 18/19402 dated 26.09.2017 Rs. 104.31 Crores
2. F.No. SEEPZ/EKIPL- SEZ/CSSAG/29/2017- 18/VOL/869 dated 27.09.2021 Rs. 247.00 Crores
3. F.No. SEEPZ/EKIPL- SEZ/CSSAG/29/2017- 18/VOL/412 dated 03.08.2022 Rs. 73.22 Crores
4. F.No. SEEPZ/EKIPL- SEZ/CSSAG/29/2017- 18/VOL/1759 dated 22.12.2022 Rs. 2014.55 Crores Total: Rs. 2439.08 Crore 2 Total Duty Foregone on goods & services procured Category Wise: Year Wise: FY Import Goods Ind. Goods Services 17-18 0.00 0.00 1.92 18-19 25.23 2.29 19.59 19-20 7.15 0.98 111.26 20-21 0.24 0.12 169.80 21-22 1.33 0.42 226.10 I/3375/2023 39

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 (31.03.2022) (as on end of block period/ year up to which monitoring is being done) Men: 5596 Women: 2477 Total No Employment : 8073 (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. Yes (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. Yes (h) Whether unit has filed any request for Cancellation of softex No (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 (j) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. NA (k) Has the unit cleared any Capital Goods No I/3375/2023 40

procured duty free in DTA against Payment of Duty, or otherwise. Full details to be provided along with value of assets and duty discharged (l) Is the unit sharing any of their infrastructure 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 infrastructure has been obtained from UAC/DC office, the date of UAC/ Approval letter to be indicated No (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.
Filling of DSPF is Under Process (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 OOC 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 premises. If yes, whether permission from UAC/DC 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 The unit is having a cafeteria and has submitted application for regularization and which is under process & will be submitted in due course. (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 I/3375/2023 41

ADC’s observations: The Unit has achieved export revenue of Rs. 6063.66 Crores as against projected export of Rs. 7615.29 Crores which is 79.62% and achieved cumulative positive NFE of Rs. 5630.74 Crores which is 92.86% the 1st block period i.e. during FY 2017-18 to FY 2021-22.  The Unit has achieved employment of 8073 (Men-5596, Women-2477) as on 31.03.2022.  Approval Committee may monitor the performance of the Unit for the 1st Block i.e. FY 2017-18 to FY 2021-22 in terms of Rule 54 of SEZ Rules, 2006. I/3375/2023 42