Agenda for Approval Committee meeting for SEZ Pune Cluster scheduled on 21 February 2025. — 11-9-krc

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. KRC INFRASTRUCTURE & PROJECTS PVT. LTD. AND GERA HOLDING PVT. LTD.

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 15.10.2024 Agenda Item No. 02: - Action taken report for the Minutes of the meeting held on 15.10.2024 Agenda Item No. 03:- Monitoring of Performance for M/s. UPS Logistics Pvt. Ltd.

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मैसस केआरसी इं ाटचर एंड ोजेट ा. लिमटेड और मैसस गेरा हो डग ा. लिमटेड एसईजेड खराड़ी, पुणे, के आईटी-आईटीईएस सेटर के िव(श* िवशेष आ,थक .े/ के लए .े/ीय िवकास आयु1 सी2ज़-एसईजेड, मुंबई क5 अ7य.ता म9 15.10.2024 को आयो:जत अनुमोदन सिम=त क5 38 व> बैठक का िववरण। 1 एसईजेड का नाम मैसस केआरसी इं ाटचर एंड ोजेट ा. लिमटेड और मैसस गेरा हो डग ा. लिमटेड एसईजेड 2 .े/ आईटी/आईटीईएस 3 मी@टग नं 38 वी 4 तारीख 15.10.2024

उपBथत सदय: Sr Name and Designation (S/Shri.) Department 1 Cीमती िमतल िहरेमठ संयु1 िवकास आयु1 पुणे Dटर एसईजेड, पुणे 2 Cी संजय बांगर, उप िनदेशक उEोग, उEोग िवभाग , पुणे .े/ महारा* सरकार से नािमत 3 Cीमती अचना परब सहायक आयु1, आयकर िवभाग आयकर िवभाग से नािमत

4 Cीमती पुGपा गंगावणे, FTDO पुणे डीजीएफटी िवभाग से नािमत 5 Cी धवल एस (शकJ , अधी.क सीमा शुक िवभाग पुणे से नािमत

िवशेष आमंि/त : K. नाम एवं पदनाम (Cी/ Cीमती) िवभाग 1 Cी. शLभू दयाल मीना, िविनNद* अ=धकारी ईओएन-एसईज़ेड, पुणे Dटर

एज9डा आइटम नंबर 01: िदनांक 28.03.2024 को आयो:जत 37 व> बैठक के कायवृQ क5 पुि* ।

िवचारिवमश के बाद, सिम=त ने 28.03.2024 को आयो:जत अनुमोदन सिम=त क5 37 व> बैठक के कायवृQ क5 पुि* क5।

एज9डा आइटम नंबर 02: 28.03.2024 को आयो:जत बैठक के कायवृQ के लए क5 गई कारवाई Rरपोट। िवचार-िवमश के बाद, सिम=त ने 28.03.2024 को आयो:जत बैठक के लए क5 गई कारवाई Rरपोट नोट क5 है।

एज9डा आइटम नंबर 03: मैसस यूपीएस लॉ:जBटक ा. ल. Tारा तुत िनदेशक मंडल म9 बदलाव क5 मंजूरी के लए आवेदन।

िवचार-िवमश के बाद, सिम=त ने MOC&I Tारा जारी िनदJश 109 िदनांक 18.10.2021 के अनुसार, िनदेशक मंडल म9 बदलाव के लए यूिनट के ताव को मंजूरी दे दी, जैसा िक नीचे बताया गया है:

िनदेशक मंडल क5 अनुमोिदत सूची:

KमांकिनदेशकU का नाम पद का नाम अपॉइंटम9ट क5 =त(थ 1 गौरव रंजीत त9डुलकर िनदेशक 05/03/2021 2. हष पंजाबी िनदेशक 17/05/2021 3. वनCी हRरदासन िनदेशक 08/09/2021 4. कैरोलीन एटस िनदेशक 28/04/2023 SEEPZM-SSEZ0MINF(MIDC)/3/2024-O/o ADCP-SEEPZ SEZ I/72009/2024

जानक5रमन दीप िनदेशक 17/04/2024 6. सुWम(ण रामाकृGणन िनदेशक 17/04/2024 7. चरण कुमार शेXी िनदेशक 17/04/2024

अनुमोदन एमओसी&आई Tारा जारी अनुदेश संYया 109 म9 िनधाRरत शतZ के अधीन है।

 अ7य. को ध[यवाद \ापन के साथ बैठक समा] हुई।

Minutes of the 38th 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. KRC Infrastructure Pvt. Ltd. & Gera Holdings Pvt. Ltd- SEZ., Pune, held on 15.10.2024 1 Name of the SEZ M/s. KRC Infrastructure and Project Pvt. Ltd. & M/s Gera Holding Pvt. Ltd. SEZ 2 Sector IT/ITES 3 Meeting No. 38th 4 Date 15.10.2024

Members present: Sr 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 Smt. Pushpa Gangawane, FTDO Nominee of DGFT, Pune 5 Shri Dhaval S Shirke, 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 37th meeting held on 28.03.2024

After deliberation, the Committee confirmed the minutes of the 37 th meeting of Approval Committee held on 28.03.2024.

Agenda Item No.02: Action taken report for the minutes of the SEEPZM-SSEZ0MINF(MIDC)/3/2024-O/o ADCP-SEEPZ SEZ I/72009/2024

meeting held on 28.03.2024 After deliberation, the Committee has noted the Action taken report for the meeting held on 28.03.2024.

Agenda Item No.03: Application for approval of change in board of directors submitted by M/s. UPS Logistic Pvt. Ltd. After deliberation, the committee approved the proposal of the unit for change in Board of Directors, in terms of Instruction No. 109 dated 18.10.2021 issued by MOCI, as detailed below:

Approved List of Board of Directors: Sr. No Name of the Directors Designation Date of Appointment 1 Gaurav Ranjit Tendulkar Director 05/03/2021 2. Harsha Punjabi Director 17/05/2021 3. Vanishree Haridasan Director 08/09/2021 4. Caroline Eates Director 28/04/2023 5. Janakirman Pradeep Director 17/04/2024 6. Subramani Ramakrishnan Director 17/04/2024 7. Charan Kumar Shetty Director 17/04/2024

The approval is subject to the conditions laid down in Instruction No. 109 issued by MOC&I.

Meeting ended with a vote of thanks to the Chair.

(\ाने^र भा. पाटील, आईएएस) (Dnyaneshwar B. Patil, IAS) अ7य. एवं िवकास आयु1 Chairman-cum- Development Commissioner

SEEPZM-SSEZ0MINF(MIDC)/3/2024-O/o ADCP-SEEPZ SEZ I/72009/2024

ACTION TAKEN REPORT FOR THE APPROVAL COMMITTEE MEETING HELD ON 15.10.2024 IN RESPECT OF M/S. KRC INFRASTRUCTURE PVT.LTD. & M/S GERA HOLDING PVT.LTD-SEZ APPROVED ON 16.10.2024

Name of the Unit Subject Action Taken M/s. UPS Logistics Pvt Ltd. Application for change in board of directors Approval letter for change in board of directors was issued to the unit on 17.10.2024

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 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. UPS Logistics Pvt. Ltd. an IT/ITES unit located in M/s. KRC Infrastructure & Project Pvt. Ltd. & M/s. Gera Holdings Pvt. Ltd-SEZ, for 5 years from FY 2019-20 To FY 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: - Performance as compared to projections: Original Approved Projections: (Rs. In Cr.)

2019-20 2020-21 2021-22 2022-23 2023-24 TOTAL FOB value of export 5.44 54.69 84.02 108.96 137.03 390.14 FE outgo 2.15 13.94 3.79 3.98 4.18 28.04 NFE 3.29 40.75 80.23 104.98 132.85 362.10 Revised Approved Projections: (Rs. In Cr.)

2019-20 2020-21 2021-22 2022-23 2023-24 TOTAL FOB value of export 54.40 102.38 110.00 112.00 115.00 493.78 FE outgo 4.33 2.81 15.18 15.30 13.06 50.68 NFE 50.07 99.57 94.82 96.70 101.94 443.10 Performance as compared to projections: (Rs. In Cr.)

2019-20 54.40 2.91 0.00 0.00 35.00 3.29 0.13 2020-21 102.38 54.40

11.71 2.83 2021-22 110.00 102.38

0.11 1.29 2022-23 112.00 159.61

-0.16 5.17 2023-24 115.00 178.05

-0.08 4.25 TOTAL 493.78 497.35 0.00 0.00 35.00 14.87 13.67

Cumulative NFE achieved: (Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 2.45 84.35% 2020-21 52.52 91.65% 2021-22 152.09 95.25% 2022-23 305.03 95.54% 2023-24 477.34 95.98% Employment Achievement:

Approved Achieved Men 518 144 Women 318 49 Total 836 193

LOA No. & Date SEEPZ-SEZ/KRC-SEZ/ULPL/03/2019-20 Dated 28.09.2019 Location of Unit 5th and 6th Floor, R4 Building, KRC Infrastructure & project Pvt. Ltd. and Gera Holdings Pvt. Ltd.-SEZ S. No.65, Kharadi, Pune-411014.. 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. 57.45 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) As per Projection: 660 (Men-372, Women-288)

Actual as per SO report: 193(Men-144, Women-49)

Area allotted (in sq.ft.) 1,05,500 Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 546.63 Sq.ft Investment till date

Building NA Plant & Machinery 18.28 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 Cr)
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 2.91 2.53 0.38 During the year, Unit has raised debit note amounting to Rs. 0.29 Crore. Balance difference of Rs. 0.09 Crore is due to Exchange Rate Variation. 2020-21 54.40 53.76 0.64 During the year, Unit has raised debit note amounting to Rs. 1.21 Crore. Balance difference of Rs. (0.57) Crore is due to Exchange Rate Variation.

2021-22 102.38 101.52 0.86 During the year, Unit has raised Credit note amounting to Rs. (0.16) Crore. Balance difference of Rs. 1.02 Crore is due to Exchange Rate Variation. 2022-23 159.61 160.27 (0.66) During the year, Unit has raised Credit note amounting to Rs. (1.39) Crore. Balance difference of Rs. 0.73 Crore is due to Exchange Rate Variation. 2023-24 178.05 176.76 1.29 During the year, Unit has raised Credit note amounting to Rs. (0.24) Crore. Balance difference of Rs. 1.53 Crore is due to Exchange Rate Variation. IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.)

                                                   (Rs. In Cr)

Year/Period Figures reported in APR (CIF Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2019-20 3.29 3.29 0.00

As per APR format the value reported is Cumulative Values. 2020-21 11.71 11.71 0.00 2021-22 0.12 0.12 0.00 2022-23 (0.16) (0.16) 0.00 2023-24 (0.09) (0.09) 0.00 Raw Material (Rs. In Cr) 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 (Rs. in Cr)

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 F.No.SEEPZ-SEZ/KRC-SEZ/VIPL/ 03/2019- 20/2496 dated 03.12.2019. Rs. 50.44 Crore F.No.SEEPZ-SEZ/KRC-SEZ/ULPL/ 03/2019- 20/1320 dated 29.12.2023. Rs. 7.01 Crore Total: Rs. 57.45 Crore 2 Total Duty Foregone on goods & services procured Category Wise: Year Wise:

FY Goods Imported & Indigenous Services Imported & Indigenous 19-20 1.68 3.71 20-21 7.35 3.72 21-22 0.14 2.72 22-23 0.63 4.10 23-24 0.23 3.91 Total 10.03 18.16 (d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done) As per projection below- Men : 372 Women : 288 Total No Employment :660 nos. Actual as per below- Men : 144 Women : 49 Total No Employment :193 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 Yes. Below are the details of the same: (Rs. In Cr) FY Value Duty Payable 2020-21 0.03 0.006 2023-24 0.01 0.003 Total 0.04 0.009 (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 Yes, Unit have set-up cafeteria for our SEZ Unit premises vide Permission Letter No. F.No. SEEPZ-SEZ/KRC-SEZ/ULPL/ 03/2019-20/3503 dated 22.09.2020. (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. 497.35 Crores as against the projected export of Rs. 493.78 Crores and achieved positive NFE of Rs. 477.34 Crores which is 95.98% on cumulative basis. As per SO report the unit has achieved employment of 193 employees (Men-144, Women-49) Approval committee may kindly monitor the performance of the Unit for for 5 years from FY 2019- 20 To FY 2023-24 of 1st Block period in terms of Rule 54 of SEZ Rules, 2006.

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