Agenda for Approval Committee meeting for SEZ Pune Cluster scheduled on 21 February 2025. — 05-3-eon-ii

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 : 21.02.2025

TIME : 11:00 A.M.

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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 21.02.2025 INDEX

Agenda Item No.

Subject

Agenda Item No. 01 :- Confirmation of the Minutes of the meeting held on 17.01.2025 Agenda Item No. 02 :- Action taken report for the Minutes of the meeting held on 17.01.2025 Agenda Item No. 03 :- Monitoring of Performance for M/s. Compucom CSI Systems India Pvt. Ltd Agenda Item No. 04 :- Monitoring of Performance for M/s. Credit Suisse Services AG. Agenda Item No. 05 :- Monitoring of Performance for M/s. Zensar Technologies Ltd.

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मैसस ईओएन खराडी इंाचर ा. लमटेड-चरण- II एसईजेड, खराड़ी, पुणे, के आईट"-आईट"ईएस सेटर के #वश& #वशेष आ(थक +े, के लए +े,ीय #वकास आयु. सी/ज़-एसईजेड, मुंबई क2 अ4य+ता म6 17.01.2025 को आयो8जत अनुमोदन सम#त क2 49 व: बैठक का #ववरण�1 एसईजेड का नाम मैसस.ईओएन खराडी इंाचर ा. लमटेड-एसईजेड, चरण II 2 +े, आईट"/आईट"ईएस 3 मी<टग नं 49 वी 4 तारीख 17.01.2025

उप?थत सदय: @. नाम और पदनाम (एस/Bी.)
#वभाग 1 Bीमती मतल #हरेमठ संयु. #वकास आयु. पुणे लटर एसईजेड, पुणे 2 Bी संजय बांगर, उप #नदेशक उEोग, उEोग #वभाग, , पुणे +े, महाराF सरकार से नामत 3 Bीमती अचना परब, सहायक आयु., आयकर #वभाग आयकर #वभाग से नामत 4 डॉ. अचना पठारे, +े,ीय अधकारी एमआईडीसी, पुणे 5 Bी. मंचक जाधव, उप-+े,ीय अधकारी महाराF Iषण #नयं,ण बोड से नामत 6 Bीमती पुJपा गंगावणे, एफट"डीओ पुणे डीजीएफट" #वभाग से नामत 7 Bीमती मनीषा #बनॉय, सीमा शुLक अधी+क सीमा शुLक #वभाग पुणे नामत #वशेष आमं#,त : @. नाम एवं पदनाम(Bी/ Bीमती) #वभाग 1 Bी. शMभू दयाल मीना, #व#नOद*& अधकारी सी/ज़-एसईज़ेड, पुणे लटर

एज6डा आइटम नंबर 01: Pदनांक 15.10.2024 को आयो8जत 48 व: बैठक के कायवृR क2 पु#& #वचार#वमश के बाद, सम#त ने 15.10.2024 को आयो8जत अनुमोदन सम#त क2 48 व: बैठक के कायवृR क2 पु#& क2� एज6डा आइटम नंबर 02: 15.10.2024 को आयो8जत बैठक के कायवृR के लए क2 गई कारवाई Sरपोट�#वचार-#वमश के बाद, सम#त ने 15.10.2024 को आयो8जत बैठक के लए क2 गई कारवाई Sरपोट नोट क2 है� एडीसी ने सूचत #कया है #क ईओएन खराडी इंाचर ा. लमटेड-चरण- II एसईजेड म6 कोई भी एज6डा लं#बत नह: है�एज6डा आइटम नंबर.03: मेसस अLटेरा ड8जटल हेLथ (इंडया) एलएलपी के दशन क2 #नगरानी #वचार-#वमश के बाद सम#त ने एसईजेड #नयम 2006 के #नयम 54 के संदभ म6 थम Tलॉक अवध के #वR वष 2019-20 से #वR वष 2023-24 तक 5 वषU के लए इकाई के दशन को नोट #कया जैसा #क नीचे बताया गया है:

यू#नट ने #वR वष 2023-24 म6 संचयी आधार पर 396.18 करोड़ Vपये के अनुमा#नत #नयात के मुकाबले 251.55 करोड़ Vपये का #नयात हासल #कया है�यू#नट ने #वR वष 2023-24 म6 संचयी आधार पर 234.59 करोड़ Vपये यानी 93.26% का सकाराWमक एन.एफ. ई (नेट #वदेशी मूLय( हासल #कया है�यू#नट ने थम Tलॉक अवध म6 अनुमा#नत रोजगार 650 के मुकाबले 601 कमचाSरयX (पुVष-379, म#हला-204) का रोजगार हासल #कया है�एज6डा आइटम नंबर.04: मेसस नॉदन ऑपरे<ट*ग सॉLयूशंस ाइवेट लमटेड के दशन क2 #नगरानी #वचार-#वमश के बाद सम#त ने एसईजेड #नयम 2006 के #नयम 54 के संदभ म6 थम Tलॉक अवध के #वR वष 2019-20 से #वR वष 2023-24 तक 5 वषU के लए इकाई के दशन को नोट #कया जैसा #क नीचे बताया गया है:

यू#नट ने #वR वष 2023-24 म6 संचयी आधार पर 1941.79 करोड़ Vपये के अनुमा#नत #नयात के मुकाबले 1312.76 करोड़ Vपये का #नयात हासल #कया है�यू#नट ने #वR वष 2023-24 म6 संचयी आधार पर 1295.56 करोड़ Vपये यानी 98.69 % का सकाराWमक एन.एफ. ई (नेट #वदेशी मूLय( हासल #कया है�यू#नट ने थम Tलॉक अवध म6 अनुमा#नत रोजगार 2000 के मुकाबले 929 कमचाSरयX (पुVष-640, म#हला-289) का रोजगार हासल #कया है�एज6डा आइटम नंबर.05: मेसस यूबीएस #बजनेस सॉLयूशंस (इंडया) ाइवेट लमटेड के दशन क2 #नगरानी #वचार-#वमश के बाद सम#त ने एसईजेड #नयम, 2006 के #नयम 54 के संदभ म6� थम Tलॉक अवध के #वR वष 2018-19 से 2022-23 के दौरान अं#तम वष यानी 2022-23 और Iसरे Tलॉक अवध के #वRीय वष 2023-24 से 2027-28 के दौरान पहला वष यानी 2023-24 के लए इकाई के दशन को नोट #कया�, जैसा #क नीचे बताया गया है:

यू#नट ने #वR वष 2018-19 से 2022-23 क2 अवध के दौरान पहले Tलॉक अवध के अं#तम वष यानी #वR वष 2022-23 म6 संचयी आधार पर 340 करोड़ Vपये के अनुमा#नत #नयात के मुकाबले 1118.82 करोड़ Vपये का #नयात हासल #कया है और 3222.94 करोड़ Vपये का सकाराWमक एनएफई हासल #कया है, जो 91.12% है�यू#नट ने #वR वष 2023-24 से 2027-28 क2 अवध के दौरान Iसरे Tलॉक अवध के पहले वष यानी #वR वष 2023- 24 म6 संचयी आधार पर 1384.31 करोड़ Vपये के अनुमा#नत #नयात के मुकाबले 1430.47 करोड़ Vपये का #नयात हासल #कया है और 1229.31 करोड़ Vपये का सकाराWमक एनएफई हासल #कया है, जो 85.94% है�यू#नट ने #वR वष 2023-24 से 2027-28 क2 अवध के दौरान Iसरे Tलॉक अवध के पहले वष यानी 2023-24 म6 8150 के अनुमा#नत रोजगार के मुकाबले 2114 कमचाSरयX (पुVष -1500, म#हला -614) का रोजगार हासल #कया है�अ4य+ को ध[यवाद \ापन के साथ बैठक समा/त ]ई� Minutes of the 49th 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. EON Kharadi Infrastructure Pvt. Ltd.–Phase-II SEZ, Kharadi, Pune, held on 17.01.2025 1 Name of the SEZ M/s. EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase II 2 Sector IT/ITES 3 Meeting No. 49th 4 Date 17.01.2025

Members present: Sr No. Name and Designation(S/Shri.) Department 1 Smt. Mital Hiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Shri. Sanjay Bangar Deputy Director of Industries, Pune Region Nominee of Govt. of Maharashtra 3 Smt. Archana Parab, Asst. Commissioner, IT Nominee of Income Tax, Pune 4 Dr. Archana Pathare Regional Officer MIDC, Pune 5 Shri. Manchak Jadhav Sub-Regional Officer Nominee of Maharashtra Pollution Control Board 6 Smt. Pushpa Gangawane. FTDO Nominee of DGFT, Pune 7 Smt. Manisha Binoy Superintendent Nominee of Customs, Pune

Special Invitee: Sr Name and Designation Department 1 Shri. Shambhu Dayal Meena Specified Officer SEEPZ-SEZ, Pune Cluster

Agenda Item No.01: Confirmation of the Minutes of the 48th meeting held on 15.10.2024

After deliberation, the Committee confirmed the minutes of the 48th meeting 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 has noted the Action taken report for the meeting held on 15.10.2024. ADC has informed that there are no pending agendas in r/o EON Kharadi Infrastructure Pvt. Ltd. Phase - II SEZ. Agenda Item No.03: Monitoring of Performance for M/s. Altera Digital Health (India) LLP After deliberation, the committee noted the performance of the unit for 5 years from FY 2019-20 to FY 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. 251.55 Crores as against the projected export of Rs. 396.18 Crores on cumulative basis in FY 2023-24 The unit has achieved positive NFE of Rs. 234.59 Crores i.e., 93.26 % on cumulative basis in FY 2023-24. The unit has achieved employment of 601 employees (Men-379, Women-204) against the projected employment of 650.in 1st block period. Agenda Item No.04: Monitoring of Performance for M/s. Northern Operating Solutions Pvt. Ltd After deliberation, the committee noted the performance of the unit for 5 years from FY 2019-20 to FY 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. 1312.76 Crores as against the projected export of Rs. 1941.79 Crores on cumulative basis in FY 2023-24 The unit has achieved positive NFE of Rs. 1295.56 Crores i.e., 98.69 % on cumulative basis in FY 2023-24. The unit has achieved employment of 929 employees (Men-640, Women-289) against the projected employment of 2000.in 1st block period. Agenda Item No.05: Monitoring of Performance for M/s. UBS Business Solutions(India) Pvt. Ltd After deliberation, the committee noted the performance of the unit for Last Year of 1st Block Period i.e. 2022-23 During the FY 2018-19 to 2022-23 and First Year of 2nd Block Period i.e. 2023-24 During FY 2023-24 to 2027-28., in terms of Rule 54 of SEZ Rules, 2006. As detailed below:

The Unit has achieved export revenue of Rs. 1118.82 Crores as against the projected export of Rs. 340 Crores and achieved positive NFE of Rs. 3222.94 Crores which is 91.12% on cumulative basis

in Last year of 1st Block period i.e. FY 2022-23 during the period FY 2018-19 to 2022-23 The Unit has achieved export revenue of Rs. 1430.47 Crores as against the projected export of Rs. 1384.31 Crores and achieved positive NFE of Rs. 1229.31 Crores which is 85.94 % on cumulative basis in First Years of 2nd Block Period i.e. FY 2023-24. During the period FY 2023-24 to 2027-28. The unit has achieved employment of 2114 employees (Men-1500, Women-614) against the projected employment of 8150 in First year of 2nd block period i.e. 2023-24 During the period FY 2023-24 to 2027-28. Meeting ended with a vote of thanks to the Chair.

(\ाने^र बी. पाट"ल, आईएएस( (Dnyaneshwar B. Patil, IAS) अ4य+ एवं #वकास आयु. Chairman-cum- Development Commissione

signaturerectangle-1-186 Digitally signed by Dnyaneshwar Bhalchandra Patil Date: 2025.01.27 11:14:03 IST % DSUnknown q 1 G 1 g 0.1 0 0 0.1 9 0 cm 0 J 0 j 4 M []0 d 1 i 0 g 313 292 m 313 404 325 453 432 529 c 478 561 504 597 504 645 c 504 736 440 760 391 760 c 286 760 271 681 265 626 c 265 625 l 100 625 l 100 828 253 898 381 898 c 451 898 679 878 679 650 c 679 555 628 499 538 435 c 488 399 467 376 467 292 c 313 292 l h 308 214 170 -164 re f 0.44 G 1.2 w 1 1 0.4 rg 287 318 m 287 430 299 479 406 555 c 451 587 478 623 478 671 c 478 762 414 786 365 786 c 260 786 245 707 239 652 c 239 651 l 74 651 l 74 854 227 924 355 924 c 425 924 653 904 653 676 c 653 581 602 525 512 461 c 462 425 441 402 441 318 c 287 318 l h 282 240 170 -164 re B Q

Action Taken for Approval Committee held on 17-01-2025 Agenda Item No. Subject Remarks Agenda Item No. 02 Application for Monitoring of Performace(M/s Northern Operating Solutions Pvt. Ltd ) Approval letter is issued to the Unit on 27.01.2025. Agenda Item No. 03 Application for Monitoring of Performace(M/s UBS Business Solutions (India) Pvt. Ltd.) Approval letter is issued to the Unit on 27.01.2025. Agenda Item No. 04 Application for Monitoring of Performace(M/s. Altera Digital Health (India) LLP) Approval letter is issued to the Unit on 27.01.2025.

Export F.E. OUTGO GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

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AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

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a. Proposal : Monitoring of the performance of M/s. Compucom CSI Systems India Pvt. Ltd. an IT/ITES located at EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase-II 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 FY 2019-20 to FY 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 at the time of Setting up of new Unit)
(Rs. In Cr.)

2019-20 2020-21 2021-22 2022-23 2023-24 Total FOB value of export 20.37 23.94 27.08 30.69 35.70 137.78 FE outgo 4.15 0.36 0.34 1.31 0.74 6.90 NFE 16.22 23.58 36.74 29.38 34.96 130.88 Approved Revised Projections: (1st block Period at the time of addition in location)

2019-20 2020-21 2021-22 2022-23 2023-24 Total FOB value of export 34.37 37.94 41.08 44.69 49.70 207.78 FE outgo 4.92 1.13 1.11 2.08 1.51 10.75 NFE 29.45 36.81 39.97 42.61 48.19 197.03

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

Year

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2019-20 34.37 1.66 0.00 0.00 7.60 2.67 0 2020-21 37.94 33.10

1.94 0 2021-22 41.08 44.03

0.29 0 2022-23 44.69 98.26

0.53 3.91 2023-24 49.70 105.61

0 8.52 TOTAL 207.78 282.66 0.00 0.00 7.60 5.43 12.43 Cumulative NFE achieved: (Rs. In Crores) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 1.40 83.97% 2020-21 34.04 97.91% 2021-22 77.58 98.45% 2022-23 171.38 96.80% 2023-24 267.92 94.79%

Employment Achievement:

Approved Achieved Men 248 471 Women 117 202 Total 365 673

Other Information:

LOA No. & Date SEEPZ-SEZ/MSF-SEZ/CSIPL/25/2019-20 Dated 28.09.2019 Location of Unit 13th Floor, Tower B, EON Kharadi Infrastructure Pvt. Ltd.-SEZ, S. No.72/2/1, Kharadi, Pune-411014. Validity of LOA 16.02.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 17.02.2020 Execution of BLUT Rs. 15.21 Crores. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 10 Year 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 673 (Men-471, Women-202) Area allotted (in sq.ft.) 36,963.76 .Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 54.92 Sq.ft Investment till date

Building

Plant & Machinery 29.08 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 Officer report vide letter dated 03.02.2025 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 1.66 1.66 0.00

2020-21 33.10 36.35 -3.25 During the year Credit Note of Rs. (3.21) Crore has been issued by the unit. Balance difference of Rs. (0.04) Crore is due to Exchange Rate variation. 2021-22 44.03 45.99 -1.96 During the year Credit Note of Rs. (1.98) Crore has been issued by the unit. Balance difference of Rs. 0.02 Crore is due to Exchange Rate variation. 2022-23 98.26 100.68 -2.42 During the year Credit Note of Rs. (1.98) Crore has been issued by the unit. Balance difference of Rs. (0.44) Crore was due to Exchange Rate variation.

2023-24 105.61 114.43 -8.82 During the year Credit Note of Rs. (1.95) Crore has been issued by the unit. Further, the unit has mistakenly submitted the Softex for the month of February, 2024 and March, 2024 of their other unit located in the same SEZ for the value amounting to Rs. 14.51 Crore. Similarly, the other unit filed the Softex of this unit mistakenly for the month of February, 2024 and March, 2024 for the value amounting to Rs. 7.76 Crore. Both the units are in the process of revising their Softex Forms for February, 2024 and March, 2024. The difference of -6.75 is on account of this. Balance difference of Rs. 0.12 Crore is due to Exchange rate variation. IMPORT

(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 (Actual) Difference if any (1) (2) (3) (4) (5) 2019-20 2.67 2.67 0.00

2020-21 4.61 1.94 2.67 As per APR format the value reported is Cumulative Value, i.e, Total Value of Currently Existing Capital Goods Imported for the past 10 years (incl. this year). The Actual Import Procurement is of Rs 1.94 Crores as per CUSTOMS Records for the Year. Difference is Due to Cumulative value reported.

2021-22 4.90 0.71 4.19 As per APR format the value reported is Cumulative Value, i.e, Total Value of Currently Existing Capital Goods Imported for the past 10 years (incl. this year). The Actual Import Procurement is of Rs 0.71 Crores as per CUSTOMS Records for the Year. Difference is Due to Cumulative value reported. 2022-23 5.01 0.11 4.90 As per APR format the value reported is Cumulative Value, i.e, Total Value of Currently Existing Capital Goods Imported for the past 10 years (incl. this year). The Actual Import Procurement is of Rs 0.11 Crores as per CUSTOMS Records for the Year. Difference Due to Cumulative value reported. 2023-24 5.01 0.00 5.01 As per APR format the value reported is Cumulative Value, i.e, Total Value of Currently Existing Capital Goods Imported for the past 10 years (incl. this year). The Actual Import Procurement is Nil as per CUSTOMS Records for the Year. Difference Due to Cumulative value reported.

Raw Material (Rs. In Crores) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any (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 28.10.2019 9.07 Crore 25.08.2020 6.14 Crore Total 15.21 Crore

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise: FY Goods Imported & Indigenous Services Imported & Indigenous 19-20 0.47 0.00 20-21 0.88 0.04 21-22 0.21 0.03 22-23 0.30 0.02 23-24 0.02 0.82 Total 1.88 0.91

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done) Men: 471 Women: 202 Total No Employment :673 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 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 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. Recommendation: The unit has achieved export revenue of Rs 282.66 Cr. against the projected export of Rs 207.78 Cr. on cumulative basis during 1st Block period i.e FY 2019-20 to 2023-24. The unit has achieved positive NFE of Rs. 267.92 Cr. i.e., 94.79% in FY 2023-24 on cumulative basis. The unit has generated employment of 673 (Men-471, Women-202) 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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Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2022-23 1818.24 2950.44 0.00 0.00 8.86 29.75 273.05 2023-24 1410.12 2229.82 0.00 0.00 -62.44 16.11 TOTAL 3228.36 5180.26 0.00 0.00 8.86 -32.69 289.16 GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

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AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

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a. Proposal : Monitoring of the performance of M/s. Credit Suisse Services AG. an IT/ITES unit located in EON Kharadi Infrastructure Pvt. Ltd.-Phase-II-SEZ, for First 2 years of 2nd Block period i.e. 2022-23 and 2023-24. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for First 2 years of 2nd Block period i.e. 2022-23 and 2023-24. (During the period 2022-23 to 2026-27), 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: (Rs. In Cr.)

2022-23 2023-24 2024-25 2025-26 2026-27 TOTAL FOB value of export 2669.04 2667.07 2735.39 2768.06 2836.39 13675.95 FE outgo 55.73 26.91 33.18 41.89 53.22 210.94 NFE 2613.31 2640.17 2702.21 2726.17 2783.17 13465.03 Revised Projections: (at the time of Partial Deletion ) (Rs. In Cr.)

2022-23 2023-24 2024-25 2025-26 2026-27 TOTAL FOB value of export 1818.24 1410.12 804.86 846.43 872.48 5752.13 FE outgo 20.17 15.25 11.14 12.14 11.39 70.09 NFE 1798.07 1394.87 793.72 834.29 861.09 5682.04 Performance as compared to projections: (Rs. In Cr.)

Cumulative NFE achieved: (Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2022-23 2669.50 90.48% 2023-24 4881.58 94.23% Employment Achievement:

Approved Achieved Men 1119 3295 Women 481 1489 Total 1600 4784

LOA No. & Date SEEPZ/EKIPL-SEZ/CSSAG/29/2017- 18/17180 Dtd. 24.08.2017 Location of Unit 1st to 4th 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 Rs. 2439.08 Crores. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement

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) 4784 (Men-3295, Women-1489) Area allotted (in sq.ft.) 241052.94 .Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 50.38 Sq.ft Investment till date

Building NA Plant & Machinery 23.39 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 Officer report vide letter dated 14.02.2025 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) 2022-23 2950.43 2940.47 9.96 During the year Credit Note of Rs. (7.09) Crore has been issued by the unit. Balance difference is due to Exchange Rate variation. 2023-24 2229.82 2210.11 19.71 Balance difference of Rs. is due to Exchange Rate variation IMPORT (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 (Actual) Difference if any (1) (2) (3) (4) (5) 2022-23 78.79 1.94 76.85 The Actual Import Procurement is Rs 1.94 Crores as per CUSTOMS Records for the Year. Difference is due to Cumulative value reported in APR. 2023-24 16.34 0.09 16.25 The Actual Import Procurement is Rs 0.09 Crores as per CUSTOMS Records for the Year. Difference is due to Cumulative value reported in APR. Raw Material (Rs. In Crores)

Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any (1) (2) (3) (4) (5)

2022-23 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 26.09.2017 104.31 Crore 27.09.2021 247.00 Crore 03.08.2022 73.22 Crore 22.12.2022 2014.55 Crore Total 2439.08 Crore

2 Total Duty Foregone on goods & services procured Category Wise: Year Wise:

FY Goods Imported & Indigenous Services Imported & Indigenous 22-23 4.82 223.33 23-24 1.18 130.79 Total 6.00 354.12

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done) Men: 3295 Women: 1489 Total No Employment: 4784 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 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. They have filed DSPF till October-2024 and all the DSPF have been certified. (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 Yes-The unit has Cafeteria on the ground floor. They do not cook any food; however, they serve the food procured from outside by heating the same on the electric heating equipment’s/pans. The unit submitted the working of the duty/tax benefits claimed for the cafeteria. The same is as under:

1. Value of Goods on which benefit claimed- Rs. 77,73,724/-
2. Value of Services on which benefit claimed- Rs. 13,95,35,363/- The unit has applied for regularizing the said cafeteria. They have been directed to pay all the duty/tax benefits availed on the goods and services being utilized in the cafeteria in terms of Instruction No. 95 dated 11.06.2019 vide letter dated 27.01.2025. The reply in the matter is awaited. (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. Recommendation: The Unit has achieved export revenue of Rs. 5180.26 Crores as against the projected export of Rs. 3228.36 Crores and achieved positive NFE of Rs. 4881.58 Crores which is 94.23% on cumulative basis in first 2 years of 2nd Block Period i.e. 2022-23 and 2023-24. As per SO report the unit has achieved employment of 4784 employees (Men-3295, Women-1489) The Unit is required to revise the APRs to fill the correct NFE value during FY 2022-23 and 2023- 24. The Unit is required to submit an application for regularization of cafereria for approval of UAC. Unit also need to pay all the duty / tax benefits availed for setting up of cafeterial. Approval committee may kindly monitor the performance of the Unit for first 2 years of 2nd Block Period i.e. 2022-23 and 2023-24 in terms of Rule 54 of SEZ Rules, 2006.

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Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2019-20 51.00 0.27 0.00 0.00 15.50 3.05 0.00 2020-21 92.74 6.63 0.00 0.04 2021-22 139.10 1.92 0.00 0.00 2022-23 185.47 11.97 5.91 0.03 2023-24 259.66 78.26 2.90 0.21 GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

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AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

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a. Proposal : Monitoring of the performance of M/s. Zensar Technologies Ltd., an IT/ITES located at M/s. EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase-II 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 FY 2019-20 to FY 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: - Approved Projections: (Rs. In Cr.)

2019-20 2020-21 2021-22 2022-23 2023-24 Total FOB value of export 51.00 92.74 139.10 185.47 259.66 727.97 FE outgo 14.56 12.03 15.68 19.29 26.74 88.30 NFE 36.44 80.71 123.42 166.18 232.92 639.67

Performance as compared to projections:
(Rs. In Crores)

TOTAL 727.97 99.06 0.00 0.00 15.50 11.86 0.28 Cumulative NFE achieved: (Rs. In Crores) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 -0.03

• 12.80 % 2020-21 6.25 90.52 % 2021-22 7.86 89.09 % 2022-23 18.91 90.93 % 2023-24 95.78 96.69 %

Employment Achievement:

Approved Achieved Men 640 213 Women 275 072 Total 915 285

Reason for less Export and Employment: The unit stated that, they faced a decline in exports and employment due to the COVID-19 pandemic, which began shortly after operations started in January 2020. The pandemic caused delays, cancellations, and changes in customer needs, slowing contract growth. As a result, projections were not met. However, from 2023, the situation improved with a rise in contracts, exports, and remote work supporting the recovery.

LOA No. & Date SEEPZ-SEZ/EKIPL-SEZ/ZTL/42/2019 DATED 08.03.2019 Location of Unit 4TH Floor, Tower B, EON Kharadi Infrastructure Pvt. Ltd., - SEZ, (EON Free Zone), S. No. 72/2/1, Kharadi, Pune 411014. Validity of LOA 31.01.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 01.02.2020 Execution of BLUT Rs. 93.68 Crores. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 10 Year 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 285 (Men- 213, Women-72) Area allotted (in sq.ft.) 71,426.57 Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 250.62 Sq.ft Investment till date

Building

Plant & Machinery 25.00 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 Officer report vide letter dated 11.02.2025 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 0.27 0.26 0.01 The difference is due to Exchange Rate.

2020-21 6.63 6.19 0.44 2021-22 1.92 1.72 0.20 2022-23 11.97 11.90 0.07 2023-24 78.26 78.10 0.16

IMPORT (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 Difference if any

(1) (2) (3) (4) (5) 2019-20 3.05 3.05 0.00 NIL 2020-21 0.00 0.00 0.00 The cumulative import figures including the figures for the current year as per APR is NIL and the actual Import Procurement as per Customs record is also NIL. The cumulative Capital Goods Imported for the past 10 years (Incl. this year) is reported as NIL in APR, which is not correct. The unit has agreed to revise the APR and submit the correct cumulative figures. 2021-22 0.00 0.00 0.00 The cumulative import figures including the figures for the current year as per APR is NIL and the actual Import Procurement as per Customs record is also NIL. The cumulative Capital Goods Imported for the past 10 years (Incl. this year) is reported as NIL in APR, which is not correct. The unit has agreed to revise the APR and submit the correct cumulative figures. 2022-23 0.00 5.91 -5.91 The cumulative import figures including the figures for the current year as per APR is NIL and the actual Import Procurement as per Customs record is also NIL. The cumulative Capital Goods Imported for the past 10 years (Incl. this year) is reported as NIL in APR, which is not correct. The unit has agreed to revise the APR and submit the correct cumulative figures. Further at column no. 4B(iv) in the APR for the year the unit mistakenly shown transfer of capital goods to the other SEZ/EOU/EHT/STP. The unit submitted that it is a clerical error, the unit agreed to revise the APR accordingly.

2023-24 11.86 3.42 8.44 As per APR format the value reported is Cumulative Value, i.e, Total Value of Currently Existing Capital Goods Imported for the past 10 years (incl. this year). The Actual Import Procurement of the year is Rs 3.42 crores as per CUSTOMS Records. The cumulative value reported in the current year is matching with the Customs records. Difference is due to Cumulative value reported in APR and for the year value reported in Customs records.
Raw Material (Rs. In Crores)

Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any (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 08.07.2019 93.68 Crore Total 93.68 Crore

2 Total Duty Foregone on goods & services procured Category Wise: Year Wise:

FY Goods Imported & Indigenous Services Imported & Indigenous 19-20 1.26 1.59 20-21 0.00 2.20 21-22 0.00 1.71 22-23 1.61 1.24 23-24 0.91 1.47 Total 4.14 8.21

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done) Men: 213 Women: 72 Total No Employment :285 The unit submitted a declaration for the above staff strength dated 03.01.2025. (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. No, there are four Softex pending and the reasons are as under:

1. Request id 142000257383 for the period October, 2020 is pending as the same has been selected for special scrutiny. The unit has submitted the records and the report in the matter has been submitted by the SO office.
2. Request id 142000231256 for the period August, 2024 is pending as the same has been selected for special scrutiny. The unit has submitted the records and the report in matter has been submitted by the SO office.
3. Request Id 142100087872 for the period July, 2023 is pending as the same was filed late and the unit has submitted the application for condonation of delay vide their letter dated 28.01.2025. The same is under process.
4. Request Id 142100087872 for the period March, 2021 is abandoned online due to the mistake by the unit while reply to the query raised by the SO office. The issue has been taken up with NSDL and the unit agreed to submit the same immediately after the issue is resolved by NSDL. (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. Except the above four Softex, all other Softex have been certified.

(h) Whether unit has filed any request for Cancellation of softex No Except the above four Softex, all other Softex have been certified. (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. No, the unit submitted that some DSPF’s are yet to be filed by the Unit for the year 2023-24. However, all the DSPF’s filed till dated have been processed and approved.
(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, all the DTA has been filed. (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. Recommendation: The unit has achieved export revenue of Rs 99.06 Cr. against the projected export of Rs 727.97 Cr. on cumulative basis during 1st Block period i.e FY 2019-20 to 2023-24. The unit has achieved positive NFE of Rs. 95.78 Cr. i.e., 96.69 % in FY 2023-24 on cumulative basis. The unit has generated employment of 285(Men-213 Women-72) 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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