IN FORCE SEZ / EOU / FTWZ 2025-01-15

Agenda for Approval Committee meeting for SEZ Pune Cluster scheduled on 17-January 2025. — 08-7-embassy-sez

Document text

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. EMBASSY PUNE TECHZONE PVT. LTD.-SEZ

Via Video Conferencing

DATE : 17.01.2025

TIME : 11:00 A.M.

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 17.01.2025

INDEX

Agenda Item No.

Subject

Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 11.12.2024 Agenda Item No. 02: - Action taken report for the Minutes of the meeting held on 11.12.2024 Agenda Item No. 03: - Monitoring of Performance of M/s. Access healthcare Services Pvt Ltd. Agenda Item No. 04: - Monitoring of Performance of M/s. Flextronics Technologies India Pvt Ltd. Agenda Item No. 05: - Monitoring of Performance of M/s. Statestreet Corporate Services Delhi Pvt. Ltd Agenda Item No. 06: - Monitoring of Performance of M/s. Value Momentum Software Services Private Limited

मेससस एम्बेसी पुणे टेकजोन प्राइवेट लिलमटेड-एसईजेड, पुणे के आईटी/आईटीईएस के लिए सेक्टर लवलिष्ट लविेष आलथसक क्षेत्र के लिए क्षेत्रीय लवकास आयुक्त एसईईपीजेड-एसईजेड, मुंबई की अध्यक्षता में 11.12.2024 को आयोलजत अनुमोदन सलमलत की 98वीुं बैठक के कायसवृत्त। 1 एसईजेड का नाम
मेससस एम्बेसी पुणे टेकजोन प्राइवेट लिलमटेड- एसईजेड, पुणे 2 सेक्टर
आईटी/आईटीईएस 3 बैठक सुंख्या
98वीुं
4 तारीख 11.12.2024

उपस्थित सदस्य : क्रमाुंक न. नाम और पदनाम (एस/श्री.)

लवभाग 1 श्रीमती लमति लिरेमठ सुंयुक्त लवकास आयुक्त पुणे पुणे क्लस्टर एसईजेड, पुणे 2 श्री सुंजीव पालटि, उद्योग अलिकारी मिाराष्टर सरकार से नालमत 3 श्रीमती पुष्पा गुंगावणे,
एफटीडीओ पुणे डीजीएफटी लवभाग से नालमत
4 श्रीमती मनीषा लबनॉय,
सीमा िुल्क अिीक्षक सीमा िुल्क लवभाग पुणे नालमत

विशेष आमंवित सदस्य क्र. नाम और पदनाम (श्री.)
विभाग 1 श्री सतबीर िमास
लवलनलदसष्ट अलिकारी सीप्ज़-एसई़ेड, पुणे क्लस्टर

एजेंडा आइटम नंबर 01: 15.10.2024 को आयोवजत 97िीं बैठक के काययिृत्त की पुवि

लवचार-लवमिस के बाद, सलमलत ने 15.10.2024 को आयोलजत 97वीुं अनुमोदन सलमलत की बैठक के कायसवृत्त की पुलष्ट की।

एजेंडा आइटम नंबर 02: वदनांक 15.10.2024 को आयोवजत बैठक के संदभय मे की गयी काययिाई
की ररपोटय ।

लवचार-लवमिस के बाद, सलमलत ने 15.10.2024 को आयोलजत अनुमोदन सलमलत की 97वीुं बैठक के सुंदभस मे की गयी कायसवाई की ररपोटस को नोट लकया।

एजेंडा आइटम नंबर 3: मेससस इंफोससस बीपीएम सिसमटेड के प्रदर्सन की ननगरानी I विचार-विमर्श के बाद, सममति ने एसईजेड तनयम, 2006 के तनयम 54 के अनुसार, प्रथम ब्लॉक अिधि के 5 िर्षों यानी वित्त िर्षश 2019-20 से 2023-24 िक का इकाई के प्रदर्शन को नोट ककया। जैसा कक नीचे विस्िृि रूप से बिाया गया है:

➢ इकाई ने प्रथम ब्लॉक अिधि के पाांचिें िर्षश यानी वित्तीय िर्षश 2023-24 में 439.99 करोड़ रुपये के अनुमातनि तनयाशि के मुकाबले रु. 403.58 करोड़ का तनयाशि राजस्ि हामसल ककया है। ➢ इकाई ने वित्त िर्षश 2023-24 में सांचयी आिार पर 364.23 करोड़ रुपये का सकारात्मक एनएफई हामसल ककया है।
➢ इकाई ने 1184 (पुरुर्ष-592, महहला-592) को रोजगार हदया है।

Minutes of the 98th Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for IT/ITES of M/s. Embassy Pune TechZone Pvt. Ltd.-SEZ, Pune, held on 11.12.2024 Name of the SEZ M/s. Embassy Pune TechZone Pvt. Ltd.-SEZ Sector
IT/ITES Meeting No. 98th Date 11.12.2024

Members present

Sr Name and Designation (S/Shri.) Department 1 Smt. Mital Hiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Shri Sanjeev Patil, industries Officer

Nominee of Govt. of Maharashtra 3 Smt. Pushpa Gangawane, FTDO Nominee of DGFT, Pune 4 Smt. Manisha Binoy Superintendent Nominee of Customs, Pune

Special Invitee

Sr.
No. Name and Designation Department 1 Shri Satbir Sharma
Specified Officer SEEPZ-SEZ, Pune Cluster

Agenda Item No.01: Confirmation of the Minutes of the 97th meeting held on 15.10.2024

After deliberation, the Committee confirmed the minutes of the 97thmeeting of Approval Committee held on 15.10.2024.

Agenda Item No.02: Action taken report for the Minutes of the meeting held on 15.10.2024

After deliberation, the Committee noted the action taken report for the meeting held on 15.10.2024

Agenda Item No. 03: Agenda Item No. 06: Monitoring of performance for M/s Infosys BPM Ltd.

After deliberation, the committee noted the performance of the unit for 5 years i.e., from FY 2019-20 to 2023-24 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006. As detailed below: ➢ The unit has achieved export revenue of Rs. 403.58 Cr. against the projected export of Rs 439.99 Cr. on cumulative basis in 5th year i.e., FY 2023-24 of 1st block period.
➢ The unit has achieved positive NFE of Rs. 364.23 Cr. in FY 2023-24 on cumulative basis. ➢ The unit has achieved employment of 1184 (Men-592, Women-592).

अध्यक्ष को िन्यिाद ज्ञापन के साथ बैठक समाप्ि हुई। Meeting ended with a vote of thanks to the Chair.

(ज्ञानेश्वर बी. पाटटि, आईएएस) (Dnyaneshwar B. Patil, IAS) अध्यक्ष एवं ववकास आयुक्त Chairman-cum- Development Commissioner

ACTION TAKEN REPORT FOR THE APPROVAL COMMITTEE MEETING HELD ON 11.12.2024 IN RESPECT OF M/S. EMBASSY PUNE TECHZONE PVT LTD-SEZ APPROVED ON 18.12.2024

Name of the Unit Subject Action Taken M/s Infosys BPM Ltd. Application for Monitoring of Performance

Approval letter for Monitoring of Performance was issued on 19.12.2024

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

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Monitoring of the performance of M/s. Access healthcare Services Pvt Ltd an IT/ITES unit located at 2nd and 3rd Floor, Wing A, Building Mississippi, Block 1.2, Embassy Pune Tech Zone Private Limited- SEZ, RGIP Hinjewadi, for FY 2019-20, i.e 5th year of first block period and FY 2020-21 to 2023-24, 04 years of 2nd Block period. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for two block periods i.e i. 5th year of 1st block period i.e. FY 2019-20 and ii. 4 years of 2nd block Period i.e FY 2020-21 to FY 2023-24 in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- 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”. d. Other Information: - I. Performance as compared to projections for 1st Block period FY 2015-16 to FY 2019-20 Approved Projections: (Rs. In Cr.)

2015-16 2016-17 2017-18 2018-19 2019-20 Total FOB value of export 17.57 33.39 42.44 65.18 70.00 228.58 FE outgo 2.42 0.009 0.26 0.18 5.14 8.009 NFE 15.16 33.38 42.18 65.00 64.86 220.59

Performance as compared to projections: FY 2019-20
(Rs. In Cr.)

Y Export F.E. OUTGO

Year

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2019-20 70.00 58.13 0.00 0.00 7.50 2.74 97.41 Total 70.00 58.13 0.0 0.00 7.50 2.74 97.41

Cumulative NFE achieved: (Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 212.78 98.57%

II. Performance as compared to projections for 2nd Block period FY 2020-21 to FY 2024-25 Approved Projections: (Rs. In Cr.)

2020-21 2021-22 2022-23 2023-24 2024-25 Total FOB value of export 45.45 56.71 95.00 100.00 105.00 402.16 FE outgo 0.87 0.76 3.15 2.70 2.30 9.78 NFE 44.57 55.95 91.85 97.30 102.70 392.37

Performance as compared to projections: FY 2020-21 to 2023-24
(Rs. In Cr.)

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2020-21 45.45 45.45 0.00 0.00 7.29 0.57 0.25 2021-22 56.71 56.71

0.56 0.08 2022-23 95.00 108.24

0.02 0.15 2023-24 100.00 133.88

0.00 0.04 Total 297.16 344.28 0.00 0.00 7.29 1.15 0.52

Cumulative NFE achieved:(Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2020-21 44.57 98.08%

2021-22 100.52 98.40% 2022-23 207.94 98.84% 2023-24 341.16 99.10%

Employment: (As per So Report )

Projected Employment Achieved Employment Men 523 569 Women 411 424 Total 934 993

Other Information:

LOA No. & Date SEEPZ-SEZ/AHSPL/15/2014-15/14892 dated 18.12.2014 Location of Unit 2nd and 3rd Floor, Wing A, Building Mississippi, Block 1.2, Embassy Pune Tech Zone Private Limited- SEZ, RGIP Hinjewadi Validity of LOA 31.03.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 01/04/2015 Execution of BLUT 24.35 Cr Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 5 years, i.e till 31.03.2028 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 31.03.2024 934 (Men-523, Women-411)

993(Men- 569, Women- 424) Area allotted (in sq.ft.) 94,893 Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 95.56 Sq. Ft. Investment till date

Building NA Plant & Machinery 15.77 cr

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 Officer report vide letter dated 08.01.2025 has reported as detailed below: 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) 2019-20 58.13 60.30 -2.17

Credit Note issued Rs.-1.71 On account of Exchange Rate Rs.-0.46 Total Rs.2.17

2020-21 45.44 48.26 -2.82

Credit Note issued Rs.-2.79 On account of Exchange Rate Rs.-0.03 Total Rs.-2.82

2021-22 56.71 56.44 0.27

Credit Note issued Rs.0.17 On account of Exchange Rate Rs.0.10 Total Rs.0.27

2022-23 108.24 107.33 0.91 On account of Exchange Rate Rs.0.91 Total Rs.0.91

2023-24 133.88 133.69 0.19 Credit Notes issued Rs.-0.94 On account of Exchange Rate Rs.1.13 Total Rs.0.19

IMPORT

(Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.) (Rs. In Crores) Year/Period Figures reported in APR (CIF Value) Figures as per Customs Records Difference if any (1) (2) (3) (4) (5) 2019-20 2.74 2.74 0.00 NA 2020-21 0.57 0.57 0.00 NA 2021-22 0.56 1.39 0.83 Processed 2 BOEs for procurement of Lease/Rental Assets for Rs.0.83 Cr. Hence, not considered in APR 2022-23 0.02 1.03 1.01 Processed 2 BOEs for procurement of Lease/Rental Assets for Rs.1.01Cr. Hence, not considered in APR 2023-24 39.93 39.93 0.00 NA

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) 2019-20 To 2023-24 0.00 0.00 0.00

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

Date of Acceptance BLUT Amount 21st Jan., 2015 1.34 22nd Nov., 2019 2.49 13th Oct., 2020 12.72 3rd July, 2023 7.80 Total 24.35

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

FY Op. Bal Goods Imported & Indigenous Services Imported & Indigenous Cl. Bal. 19-20 3.83 1.23 0.89 1.71 20-21 14.43 0.01 0.89 13.53 21-22 13.53 0.28 1.12 12.13 22-23 12.13 0.25 1.45 10.43 23-24 18.23 0.39 1.53 16.31 Total

2.16 5.88

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done)

FY Male Female Total Projection 523 411 934 ACTUAL 19-20 486 407 893 20-21 459 342 801 21-22 744 547 1291 22-23 898 655 1253 23-24 569 424 993 Total No Employment :993 nos. The same has been verified from their Online MPR. (e) Details of Pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2024) To cross-check the same and verify whether necessary permission from AD Bank/ RBI has been obtained.

No foreign remittance is pending as on 31.03.2024

(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. All Softex have been certified till 31-03-2024

(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 Amt. in Cr. F.Y. A.V. DUTY 2023-24 0.16 0.05 Cleared as E-Waste (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. Yes. (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 Request ID is pending for OOC.

(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 does not have Cafeteria/Canteen/Food Court facility. However they have Dry Pantry, with no cooking facility. The SEZ Unit has not taken permission for the same from Unit Approval Committee(UAC). (q) Whether any violation of any of the provisions of law has been noticed/ observed by the Specified Officer during the period under monitoring. NA

e. ADC’s Recommendation: The unit has achieved export revenue of Rs. 58.13 Cr. against the projected export of Rs 70.00 Cr. i.e., 83.04 % on cumulative basis during 5th year of 1st Block period i.e FY 2015-16 to 2019-20. The unit has achieved positive NFE of Rs. 212.78 Cr. i.e., 98.57% in FY 2019-20 on cumulative basis. The unit has achieved export revenue of Rs.344.28 cr. against the projected export of Rs 297.16.Cr. i.e., 115.85 % on cumulative basis during 4 years of 2nd Block period i.e FY 2020-21 to 2023-24. The unit has achieved positive NFE of Rs. 341.16 Cr. i.e., 99.10% in FY 2023-24 on cumulative basis. The unit has achieved employment of 993 (Men-569, Women-424) Approval committee may kindly monitor the performance of the Unit for 5th year of 1st block period i.e. FY 2019-20 and 4 years of 2nd Block Period i.e FY 2020-21 to FY 2023-24 in terms of Rule 54 of SEZ Rules, 2006.

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

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Monitoring of the performance of M/s. Flextronics Technologies India Pvt Ltd. an IT/ITES unit located in Embassy Pune TechZone Pvt. Ltd-SEZ, for 1st year i.e FY 2023-24 of 3rd Block period ( FY 2023-24 to FY 2027-28). b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 1st year i.e FY 2023-24 of 3rd Block period ( FY 2023-24 to FY 2027-28), in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- 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”. d. Other Information: - Approved Projections: (3rd Block Period) (Rs. In Cr.)

2023-24 2024-25 2025-26 2026-27 2027-28 TOTAL FOB Value of Exports 211.47 228.05 247.89 269.20 291.59 1248.20 FE Outgo 1.51 1.66 1.82 2.00 2.20 9.19 NFE 209.96 226.39 246.07 267.20 289.39 1239.01

Performance as compared to projections: For FY 2023-24 (Rs. In Cr.)

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2023-24 211.47 196.38 0.00 0.00 0.00 0.00 0.00 Total 211.47 196.38 0.00 0.00 0.00 0.00 0.00 Cumulative NFE achieved: (Rs. in Cr) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2023-24 194.62 99.11%

Employment: (As per APR)

Projected Employment Achieved Employment Men 917 849 Women 516 493 Total 1433 1342

Other Information:

LOA No. & Date SEEPZ/PEPPL-SEZ/FTIPL/06/2013- 14/1601 dated 05.02.2014 Location of Unit 3rd Floor in Wing A and 7th Floor in Wing A & B, Building Rhine (1.5), Embassy Pune TechZone Pvt Ltd.-SEZ, Plot No 03A, RGIP, Phase-II, Hinjewadi, Pune-411057 Validity of LOA 17.03.2029 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 18.03.2014 Execution of BLUT 54.06 Crores Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 05, years Valid till 31.01.2029 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 31.03.2024 1433 (Men-917, Women-516)

1342(Men- 849, Women- 493) Area allotted (in sq.ft.) 81,334 Sq. Ft Area available for each employee per sq.ft. basis (area / no. of employees) 60.60 Sq. Ft. Investment till date

Building NA Plant & Machinery 31.17Crore 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 Officer report vide letter dated 02.01.2025 has submitted reported as detailed below:

EXPORT (Rs. In Crores) Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any (1) (2) (3) (4) (5) 2023-24 196.38 196.71 -0.33 On account of Exchange Rate variation Rs. -0.33 Total Rs.-0.33

IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.)

(Rs. In Crores) Year/Period Figures reported in APR (CIF Value) Figures as per Customs Records Difference if any (1) (2) (3) (4) (5) 2023-24 0.00 0.00 0.00

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) 2023-24

  0.00

0.00 0.00

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

Date of Acceptance BLUT Amount 15th May, 2014 7.29 03rd Nov., 2016 8.50 8th July, 2019 33.92 10th May, 2024 4.35 Total 54.06

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

FY Op. Bal Goods Imported & Indigenous Services Imported & Indigenous Cl. Bal. 23-24 45.37 0.21 1.26 43.90 Total
0.21 1.26

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done)

FY Male Female Total Projection 917 516 1433 ACTUAL 2023-24 849 493 1342 Total No Employment :1342 nos. (e) Details of Pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2024) To cross-check the same and verify whether necessary permission from AD Bank/ RBI has been obtained.

No foreign remittance is pending as on 31.03.2024

(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. N.A. (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 F.Y. Assessable Value Duty paid 2023-24 0.57 0.21 Cleared as E-Waste (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. Yes.

(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 Request Id is pending for OOC. (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 does not have Cafeteria/Canteen/Food Court facility, however they have Dry Pantry, with no cooking facility. They have paid all the applicable duty/taxes for the construction cost and assets lying in said Dry Pantry. However, the SEZ Unit has not taken permission for the same from Unit Approval Committee(UAC). (q) Whether any violation of any of the provisions of law has been noticed/ observed by the Specified Officer during the period under monitoring. N.A.

e. ADC’s Recommendation: The unit has achieved export of Rs. 196.38 Cr. against the projected export of Rs. 211.47 Cr. i.e. 92.86%. in FY year 2023-24 on cumulative basis. The unit has achieved NFE of Rs. 194.62 Cr. i.e., 99.11% in FY year 2023-24 on cumulative basis. The unit has achieved employment of 1342 employees (Men-849, Women-493) Approval committee may kindly monitor the performance of the Unit for 1st year i.e FY 2023-24 of 3rd Block period., in terms of Rule 54 of SEZ Rules, 2006.

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

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Monitoring of the performance of M/s. Statestreet Corporate Services Delhi Pvt. Ltd. an IT/ITES unit located at 3rd to 7th floor,Mekong Building, Embassy Tech Zone RGIP Hinjewadi, Phase II,Pune 411057 for FY 2019-20 to 2023-24 of 1st Block period. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 5 years from 2019-20 to 2023-24 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- 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”. d. Other Information: - Original Approved Projections: (1st block Period) (Rs. In Cr.)

2019-20 2020-21 2021-22 2022-23 2023-24 Total FOB value of export 22.22 90.78 171.25 194.76 184.66 663.67 FE outgo 19.14 1.39 1.31 1.49 1.41 24.74 NFE 3.08 89.39 169.95 193.27 183.25 638.93 Performance as compared to projections: FY 2019-20 to 2023-24
(Rs. In Cr.)

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2019-20 22.22 6.99 0.00 0.00 18.81 9.14 0 2020-21 90.78 65.48 0.82 0 2021-22 171.25 75.38

0.00 0 2022-23 194.76 160.75

1.37 0 2023-24 184.65 323.91

0.33 0 Total 663.66 632.50 0.0 0.00 18.81 11.66 00

Cumulative NFE achieved: (Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 6.07 86.92 2020-21 70.55 97.36 2021-22 145.04 98.11 2022-23 304.76 98.76 2023-24 627.61 99.23

Employment: (As per APR)

Projected Employment Achieved Employment Men 1432 1252 Women 738 707 Total 2170 1959

Other Information:

LOA No. & Date SEEPZ-SEZ/PEPPL- SEZ/SSHSIPL/26/2019-20/3097 dated 02.05.2019 Location of Unit 3rd to 7th floor,Mekong Building, Embassy Tech Zone RGIP Hinjewadi, Phase II,Pune 411057 Validity of LOA 30.11.2024 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 01.12.2019 Execution of BLUT Rs 26.45 Cr. (Taken from SO Report) Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 01.05.2029 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 31.03.2024 2170 (Men-1432, Women-738)

1959(Men- 1252, Women- 707)

Area allotted (in sq.ft.) 1,69,757 Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 86.65 Sq. Ft. Investment till date

Building NA Plant & Machinery 15.01 Crore 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 Officer report vide letter dated 03.01.2025 has reported as detailed below:

EXPORT
(Rs. In Crores)
Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any (1) (2) (3) (4) (5) 2019-20 6.99 6.99 0.00 NA 2020-21 65.48 65.55 -0.08

Credit Notes issued Rs.-0.08 Total Rs.-0.08

2021-22 75.37 76.07 -0.70

Credit Notes issued. Rs.-0.70 Total Rs.-0.70

2022-23 160.75 159.58 0.01 Credit Notes issued Rs.0.01 Total Rs.0.01

2023-24 323.91 271.72 52.19 Double Value of some Invoices reported in APR inadvertently, will file revised APR. Rs.52.19 Total Rs.52.19

IMPORT

2020-21 0.80 0.80 0.00 2021-22 0.00 0.00 0.00 2022-23 0.00 0.00 0.00 2023-24 0.00 0.00 0.00 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) 2019-20 to 2022-23 0.00 0.00 0.00

BLUT (Amount in ‘Crores’)

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

Date of Acceptance BLUT Amount 13th June, 2019 9.15 27th March, 2022 17.30 Total 26.45

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

FY Op. Bal Goods Imported & Indigenous Services Imported & Indigenous Cl. Bal. 19-20 9.15 2.81 0.65 5.69 20-21 5.69 0.15 1.36 4.18 21-22 4.18 0.09 0.79 3.30 22-23 20.60 0.02 1.56 19.02 23-24 19.02 0.38 3.73 14.91 Total

3.45 8.08

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done)

FY Male Female Total Projection 1432 738 2170 ACTUAL 19-20 795 439 1234 20-21 1019 581 1600 21-22 1217 667 1884 22-23 1506 879 2385 23-24 1252 707 1959

Total No Employment :1959nos. (e) Details of Pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2024) To cross-check the same and verify whether necessary permission from AD Bank/ RBI has been obtained.

No foreign remittance is pending as on 31.03.2024

(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. N.A. (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. Yes. (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 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. NA

e. ADC’s Recommendation: The unit has achieved export revenue of Rs. 632.50 Cr. against the projected export of Rs 663.66 Cr. i.e., 95.30% on cumulative basis during 1st Block period i.e FY 2019-20 to 2023-24. The unit has achieved positive NFE of Rs. 627.61Cr. i.e., 99.23% in FY 2023-24 on cumulative basis. The unit has achieved employment of 1959 (Men-1252, Women-707) Approval committee may kindly monitor the performance of the Unit for 5 years from 2019-20 to 2023-24 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006.

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

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Monitoring of the performance of M/s. Value Momentum Software Services Private Limited an IT/ITES unit located at 2nd floor, Nile Building, Embassy Tech Zone RGIP Hinjewadi, Phase II, Pune for FY 2019- 20 to 2023-24 of 1st Block period. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 5 years from 2019-20 to 2023-24 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- 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”.

d. Other Information: -

Original Approved Projections: (1st block Period)
(Rs. In Cr.)

2019-20 2020-21 2021-22 2022-23 2023-24 Total FOB value of export 12.64 44.03 68.77 77.27 90.31 293.02 FE outgo 2.68 1.63 2.50 2.79 3.25 12.85 NFE 9.97 42.40 66.27 74.47 87.06 280.17

Performance as compared to projections: FY 2019-20 to 2023-24
(Rs. In Cr.)

Year Export F.E. OUTGO

Raw Material (Goods/Services) C.G. import Other outflow

Projected Actual Projected Actual Projected Actual Actual 2019-20 12.64 0.32

2.14 0.47 0 2020-21 44.03 3.09 0 0 2021-22 68.77 13.81

0 0 2022-23 77.27 37.10

0.11 0.24 2023-24 90.31 39.97

0 0 Total 293.02 94.29

2.14 0.58 0.24

The unit stated that reason for less export achieved as compared to approved projection is due to Covid- 19, they could not have resources as expected in projects, which resulted in reduction in exports.

Cumulative NFE achieved: (Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 0.27 85.44% 2020-21 3.32 97.27% 2021-22 17.08 99.19% 2022-23 53.88 99.20% 2023-24 93.79 99.48%

Employment: (As per APR)

Projected Employment Achieved Employment Men 260 127 Women 140 61 Total 400 188

Other Information:

LOA No. & Date SEEPZ-SEZ/EOPPL- SEZ/VVSPL/30/2019-20/2208 dated 29.10.2019 Location of Unit 2nd Floor, Nile Building, Embassy Tech Zone, Embassy Office Parks Pvt Ltd. SEZ, RGIP Hinjewadi, Phase II,Pune 411057 Validity of LOA 01.03.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 02.03.2020 Execution of BLUT Rs 12.17 Cr. (Taken from SO Report) Outstanding Rent dues NA

Labour Dues NA Validity of Lease Agreement 01.12.2024 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 31.03.2024 400 (Men-260, Women-140)

188(Men- 127, Women- 61) Area allotted (in sq.ft.) 42,662 Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 227 Sq. Ft. Investment till date

If no, details of the Year along with no of days delayed to be given. Yes

The Specified Officer report vide letter dated 08.01.2025 has reported as detailed below: EXPORT (Rs. In Crores)
Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any (1) (2) (3) (4) (5) 2019-20

0.32 0.33 -0.01

On account of Exchange Rate Rs.-0.01 Total Rs.-0.01

2020-21

3.09 3.29 -0.20

On account of Exchange Rate Rs.-0.07 Softex Cancelled Rs.-0.13 Total Rs.-0.20

2021-22

13.81

13.78

0.03

On account of Exchange Rate Rs.0.03 Total Rs.0.03

2022-23

37.10 36.92 0.18 On account of Exchange Rate Rs.0.18 Total Rs.0.18

2023-24

39.97

40.14

-0.17 On account of Exchange Rate Rs.-0.17 Total Rs.-0.17

IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.)
(Rs. In Crores) Year/Period Figures reported in APR (CIF Value) Figures as per Customs Records Difference if any (1) (2) (3) (4) (5) 2019-20 0.47 0.47 0.00 NA 2020-21 0.00 0.00 0.00 NA 2021-22 0.00 0.00 0.00 NA 2022-23 0.11 0.11 0.00 NA 2023-24 0.00 0.45

-0.45 Procured Capital Goods /Assets on Lease/Rental basis and filed BOE (Lease) of Rs.0.45 Crore. But it was not considered in in the APR 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)

2019-20 To 2023-24

0.00 0.00 0.00

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

Date of Acceptance BLUT Amount 3rd Dec, 2019 12.17 Total 12.17

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

FY Op. Bal Goods Imported & Indigenous Services Imported & Indigenous Cl. Bal. 19-20
12.17

0.40 0.17

11.60 20-21
11.60

0.01 0.78

10.81 21-22
10.81

0.74

10.07 22-23
10.07

0.03 0.87

9.17 23-24
9.17

0.14 0.80

8.23 Total
0.58 3.36

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done)

FY Male Female Total Projection 260 140 400 ACTUAL 19-20 7 4 11 20-21 22 9 31 21-22 41 15 56 22-23 82 45 127 23-24 127 61 188 Total No Employment :188 nos. The same has been verified from their Online MPR. (e) Details of Pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2024) To cross-check the same and verify whether necessary permission from AD Bank/ RBI has been obtained.

No foreign remittance is pending as on 31.03.2024

(h) Whether unit has filed any request for Cancellation of softex Yes, 1 (One) Request ID No. 142000348486 got cancelled on 04.09.2021 against Invoice No.VSP- PUNE-1920-01 dt.31.03.2020 and Invoice No.VSP-SEZ 20-21-01 dt. 30.04.2020 (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. Yes. (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 Request ID is pending for OOC. (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 does not have Cafeteria/ Canteen /Food Court facility. However they have Dry Pantry, with no cooking facility. The SEZ Unit has not taken permission for the same from Unit Approval Committee(UAC)

(q) Whether any violation of any of the provisions of law has been noticed/ observed by the Specified Officer during the period under monitoring. NA

e. ADC’s Recommendation: The unit has achieved export revenue of Rs. 94.29 Cr. against the projected export of Rs 293.02 Cr. i.e. 32.17% on cumulative basis during 1st Block period i.e FY 2019-20 to 2023-24. The unit has achieved positive NFE of Rs. 93.79Cr. i.e., 99.48%% in FY 2023-24 on cumulative basis. The unit has achieved employment of 188 (Men-127, Women-61) The unit stated the reason for less export achieved as compared to approved projection is due to Covid-19, they could not have resources as expected in projects, which resulted in reduction in exports. Approval committee may kindly monitor the performance of the Unit for 5 years from 2019-20 to 2023-24 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006.

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