IN FORCE SEZ / EOU / FTWZ 2025-03-18

Agenda for Approval Committee for SEZ Pune Cluster scheduled on 21 March 2025. — 05-4-eon-kharadi-phase-ii-21032025

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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 : 21.03.2025

TIME : 10:30 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 21.03.2025 INDEX

Agenda Item No.

Subject

Agenda Item No. 01 :- Confirmation of the Minutes of the meeting held on 21.02.2025 Agenda Item No. 02 :- Action taken report for the Minutes of the meeting held on 21.02.2025 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. Allianz Services Pvt. Ltd. Unit-I Agenda Item No. 05:- Monitoring of Performance for M/s. Allianz Services Pvt. Ltd. Unit-II. Agenda Item No.06:- Application forChange in Name and Proposed List of Directors Submitted by M/s. Credit Suisse Services AG

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 21.02.2025 को आयो8जत अनुमोदन सम#त क2 50 व: बैठक का #ववरण�1 एसईजेड का नाम मैसस.ईओएन खराडी इंाचर ा. लमटेड-एसईजेड, चरण II 2 +े, आईट"/आईट"ईएस 3 मी<टग नं 50 वी 4 तारीख 21.02.2025

उप?थत सदय: @. नाम और पदनाम (एस/Bी.)
#वभाग 1 Bीमती मतल #हरेमठ संयु. #वकास आयु. पुणे लटर एसईजेड, पुणे 2 Bीमती अचना परब, सहायक आयु., आयकर #वभाग आयकर #वभाग से नामत 3. Bी संजीव पाEटल, उFोग अधकारी महाराH सरकार से नामत 4. Bी बालासाहेब कुकडे, उप-+े,ीय अधकारी महाराH Iषण #नयं,ण बोड से नामत 5. Bीमती पुJपा गंगावणे, एफट"डीओ पुणे डीजीएफट" #वभाग से नामत 6 Bी धवल एस शकL , अधी+क सीमा शुMक #वभाग पुणे नामत #वशेष आमं#,त : @. नाम एवं पदनाम(Bी/ Bीमती) #वभाग 1 Bी. शNभू दयाल मीना, #व#नPद*& अधकारी सी/ज़-एसईज़ेड, पुणे लटर

एज6डा आइटम नंबर 01: Eदनांक 17.01.2025 को आयो8जत 49 व: बैठक के कायवृR क2 पु#& #वचार#वमश के बाद, सम#त ने 17.01.2025 को आयो8जत अनुमोदन सम#त क2 49 व: बैठक के कायवृR क2 पु#& क2� एज6डा आइटम नंबर 02: 17.01.2025 को आयो8जत बैठक के कायवृR के लए क2 गई कारवाई Sरपोट�#वचार-#वमश के बाद, सम#त ने 17.01.2025 को आयो8जत बैठक के लए क2 गई कारवाई Sरपोट नोट क2 है� एज6डा आइटम नंबर 03: मेसस कं/यूकॉम सीएसआई सटNस इंडया ाइवेट लमटेड के दशन क2 #नगरानी #वचार-#वमश के बाद, सम#त ने एसईजेड #नयम, 2006 के #नयम 54 के संदभ म6, थम Uलॉक अवध के #वR वष 2019-20 से #वR वष 2023-24 तक 5 वषV 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 207.78 करोड़ Wपये के अनुमा#नत #नयात के मुकाबले 282.66 करोड़ Wपये का #नयात हासल #कया है�यू#नट ने #वR वष 2023-24 म6 संचयी आधार पर 267.92 करोड़ Wपये यानी 94.79% का सकाराXमक एनएफई हासल #कया है�यू#नट ने थम Uलॉक अवध म6 अनुमा#नत रोजगार 365 के मुकाबले 673 कमचाSरयY (पुWष-471 म#हला-202) को रोजगार ा/त #कया है�एज6डा आइटम नंबर 04: मेसस @ेडट सुइस सZव*सेज एजी के दशन क2 #नगरानी #वचार-#वमश के बाद, सम#त ने Iसरे Uलॉक अवध के पहले 2 वषV यानी 2022-23 और 2023-24 म6 इकाई के दशन को नोट #कया� एसईजेड #नयम, 2006 के #नयम 54 के संदभ म6� जैसा #क नीचे बताया गया है: यू#नट ने संचयी आधार पर 3228.36 करोड़ Wपये के अनुमा#नत #नयात के मुकाबले 5180.26 करोड़ Wपये का #नयात राजव हासल #कया है और 4881.58 करोड़ Wपये का सकाराXमक एनएफई हासल #कया है जो Iसरे Uलॉक अवध के पहले 2 वषV यानी 2022-23 और 2023-24 म6 94.23% है�यू#नट ने 1600 के अनुमा#नत रोजगार के मुकाबले 4784 कमचाSरयY (पुWष-3295, म#हला-1489) को रोजगार हासल #कया

है�. यू#नट को #वR वष 2022-23 और 2023-24 के दौरान सही एनएफई मूMय भरने के लए एपीआर को संशोधत करने क2 आव\यकता है�यू#नट को कैफेटेSरया था#पत करने के लए ा/त सभी शुMक/कर लाभY का भुगतान करना होगा और कैफेटेSरया को #नयमत करने के लए यूएसी (UAC) से अनुमोदन ा/त करने हेतु एक आवेदन जमा करना होगा �एज6डा आइटम नंबर 05: मेसस ज़ेनसर टेनोलॉजीज लमटेड के दशन क2 #नगरानी #वचार-#वमश के बाद, सम#त ने एसईजेड #नयम, 2006 के #नयम 54 के संदभ म6, थम Uलॉक अवध के #वR वष 2019-20 से #वR वष 2023-24 तक 5 वषV के लए इकाई के दशन को नोट #कया� जैसा #क नीचे बताया गया है: यू#नट ने थम Uलॉक अवध यानी #वR वष 2019-20 से 2023-24 के दौरान संचयी आधार पर 727.97 करोड़ Wपये के अनुमा#नत #नयात के मुकाबले 99.06 करोड़ Wपये का #नयात हासल #कया है�यू#नट ने #वR वष 2023-24 म6 संचयी आधार पर 95.78 करोड़ Wपये यानी 96.69% का सकाराXमक एनएफई हासल #कया है�यू#नट ने 915 के अनुमा#नत रोजगार के मुकाबले 285 कमचाSरयY (पुWष-213 म#हला-72) का रोजगार हासल #कया है�सम#त ने यू#नट को #नदLश Eदया #क वह रोजगार बढ़ाए और लं#बत DSPF दा^खल करे�अ4य+ को ध_यवाद `ापन के साथ बैठक समा/त aई� Minutes of the 50th Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for IT/ITES of M/s. EON Kharadi Infrastructure Pvt. Ltd.–Phase-II SEZ, Kharadi, Pune, held on 21.02.2025 1 Name of the SEZ M/s. EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase II 2 Sector IT/ITES 3 Meeting No. 50th 4 Date 21.02.2025

Members present: Sr No. 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. Archana Parab, Asst. Commissioner, IT Nominee of Income Tax, Pune 4 Shri.Balasaheb Kukade,
Sub- Regional Officer Nominee of Maharashtra Pollution Control Board 5 Smt. Pushpa Gangawane. FTDO Nominee of DGFT, Pune 6 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 49th meeting held on 17.01.2025

After deliberation, the Committee confirmed the minutes of the 49th meeting of Approval Committee held on 17.01.2025 Agenda Item No.02: Action taken report for the minutes of the meeting held on 17.01.2025 After deliberation, the Committee has noted the Action taken report for the meeting held on 17.01.2025 Agenda Item No.03: Monitoring of Performance for M/s. Compucom CSI Systems India 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. 282.66 Crores as against the projected export of Rs. 207.78 Crores on cumulative basis in FY 2023-24 The unit has achieved positive NFE of Rs. 267.92 Crores i.e., 94.79 % on cumulative basis in FY 2023-24. The unit has achieved employment of 673 employees (Men-471, Women-202) against the projected employment of 365 in 1st block period. Agenda Item No.04: Monitoring of Performance for M/s. Credit Suisse Services AG After deliberation, the committee noted the performance of the unit First 2 years of 2nd Block period i.e. 2022-23 and 2023-24. in terms of Rule 54 of SEZ Rules, 2006. As detailed below: 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. The unit has achieved employment of 4784 employees (Men-3295, Women-1489) against the projected employment of 1600. 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 regularizing the cafeteria for approval of UAC. Unit also need to pay all the duty /tax benefits availed for setting up for cafeteria. Agenda Item No.05: Monitoring of Performance for M/s. Zensar Technologies 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 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 achieved employment of 285 employees (Men-213 Women-72) against the projected employment of 915. The Committee directed the Unit to increase the employment and file the pending DSPF. Meeting ended with a vote of thanks to the Chair.

(`ानेbर बी. पाट"ल, आईएएस) (Dnyaneshwar B. Patil, IAS) अ4य+ एवं #वकास आयु. Chairman-cum- Development Commissioner

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Action Taken for Approval Committee held on 21-02-2025 Agenda Item No. Subject Remarks Agenda Item No. 01 Confirmation of the Minutes of the 1st Meeting held on 17-01-2025 The Committee confirmed the minutes of approval committee meeting held on 17-01-2025 Agenda Item No. 02 Monitoring of performance of EOU unit(M/s Compucom - CSI Systems India Pvt. Ltd. ) Approval letter issued on 27.02.2025 Agenda Item No. 03 Application for Monitoring of Performace(M/s. Credit Suisse Services AG) Approval letter issued on 27.02.2025 Agenda Item No. 04 Application for Monitoring of Performace(M/s. Zensar Technologies Limited ) Approval letter issued on 27.02.2025

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2019-20 71.84 100.38 0.00 0.00 8.00 0.88 0.00 TOTAL 71.84 100.38 0.00 0.00 8.00 0.88 0.00 GOVERNMENT OF INDIA, 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. Compucom CSI Systems Pvt. Ltd. an IT/ITES unit located in EON Kharadi Infrastructure Pvt. Ltd.-Phase-II-SEZ, for Last year of 2nd Block period i.e. FY 2019-20 and First Four Years of 3rd Block Period i.e. FY 2020-21 to 2023-24. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for last year of 2nd Block period i.e. FY 2019-20 and first four Years of 3rd Block Period i.e. FY 2020-21 to 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: - Performance as compared to projections: Last year of 2nd Block period i.e. FY 2019-20 Approved Projections: (Rs. In Cr.)

2015-16 2016-17 2017-18 2018-19 2019-20 TOTAL FOB value of export 40.32 45.06 50.56 53.29 71.84 261.07 FE outgo 0.40 0.52 0.28 0.55 4.35 6.10 NFE 39.23 44.54 50.28 52.74 67.49 254.28

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

Cumulative NFE achieved: (Rs. in Cr.)

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2020-21 100.50 107.61

0.00 0.00 7.00 3.41 0.00 2021-22 100.75 117.31

(-1.24) 0.00 2022-23 100.90 106.45

2.81 39.92 2023-24 101.10 84.14

(-2.81) 10.85 TOTAL 403.25 415.52 0.00 0.00 7.00 3.40 50.77 Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 287.48 99.26 %

Performance as compared to projections: 4 years of 3rd Block period i.e. FY 2020-21 To 2023-24

Approved Projections: (Rs. In Cr.)

2020-21 2021-22 2022-23 2023-24 2024-25 TOTAL FOB Value of Exports 100.50 100.75 100.90 101.10 101.12 504.37 FE Outgo 1.80 1.80 1.80 1.80 1.80 9.00 NFE 98.70 98.95 99.10 99.30 99.32 495.37 Performance as compared to projections: (Rs. In Cr.)

Cumulative NFE achieved: (Rs. in Cr) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2020-21 106.79 99.23% 2021-22 223.33 99.29% 2022-23 288.89 87.18% 2023-24 361.54 87.01%

Employment Achievement:

Approved Achieved Men 620 124 Women 300 50 Total 920 174

LOA No. & Date M/s. Compucom CSI Systems India PVt. Ltd. SEZ/Pune/4F/2010-11/6920 dt 18.06.2010 Location of Unit 13th Floor, Tower B, EON Kharadi Free Zone II SEZ, Survey No. 72/2/1, Pune- 411014 Validity of LOA 23.07.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 24.07.2010 Execution of BLUT Rs. 35.82 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 174 (Men-124, Women-50) Area allotted (in sq.ft.) 36,969 .Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 212 Sq.ft Investment till date

Building NA Plant & Machinery 15.14Crores 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 12.03.2025 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)

2019-20 100.38 100.69 (0.31) Difference is due to Exchange Rate Variation. 2020-21 107.61 122.21 (14.60) During the year Credit Note of Rs. (14.65) Crore has been issued by the unit. Balance difference of Rs. 0.05 Crore is due to Exchange Rate variation. 2021-22 117.31 130.85 (13.54) (12.70) Crore has been issued by the unit. Balance difference of Rs. (0.84) Crore is due to Exchange Rate variation. 2022-23 106.45 122.66 (16.21) (15.54) Crore has been issued by the unit. Balance difference of Rs. (0.67) Crore was due to Exchange Rate variation. 2023-24 84.15 88.80 (4.65) 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. 7.76 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. 14.51 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. Further during the year Credit Note of Rs. (11.32) Crore has been issued by the unit (6.75-11.32= - 4.57). Balance difference of -Rs. 0.08 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 (1) (2) (3) (4) (5) 2019-20 0.88 0.88 Nil

As per APR format the value reported is Cumulative Values. 2020-21 2.71 2.71 Nil 2021-22 0.69 0.69 Nil 2022-23 2.82 2.82 Nil 2023-24 0.00 0.00 Nil 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. SEZ/PUNE/4F/2010-11/6998 dated 12.07.2010. Rs. 2.93 Crore F.No.9/MTDCCLSEZ/COMPUCOM/14/2015 - 16/232 dated 01.04.2016. Rs. 2.10 Crore F.No. SEZ/PUNE/4F/2010-11/2517 dated 04.12.2019 Rs. 17.60 Crore F.No. SEZ/PUNE/4F/2010-11/Vol-II/3767 dated 30.12.2020 Rs. 13.19 Crore Total: Rs. 35.82 Crore

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

FY Goods Imported & Indigenous Services Imported & Indigenous 19-20 1.19 0.22 20-21 0.21 0.01 21-22 0.28 0.01 22-23 0.71 0.01 23-24 0.00 0.26 Total 2.39 0.51

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done) Men : 124 Women : 50 Total No Employment :174 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 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. 100.38 Crores as against the projected export of Rs. 71.84 Crores and achieved positive NFE of Rs. 287.48 Crores which is 99.26 % on cumulative basis in Last year of 2nd Block period i.e. FY 2019-20 during the period FY 2015-16 to 2019-20. The Unit has achieved export revenue of Rs. 415.52 Crores as against the projected export of Rs. 403.25 Crores and achieved positive NFE of Rs. 361.54 Crores which is 87.01% on cumulative basis in Four Years of 3rd Block Period i.e. FY 2020-21 to 2023-24 during the period FY 2020-21 to 2024-25. As per SO report the unit has achieved employment of 174 employees (Men-124, Women-50) The Unit is required to revise the APRs during FY 2020-21 to 2023-24. Approval committee may kindly monitor the performance of the Unit for Last year of 2nd Block period i.e. FY 2019-20 and first four years of 3rd Block Period i.e. FY 2020-21 to 2023-24 in terms of Rule 54 of SEZ Rules, 2006.

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2019-20 8.40 2.90

0.00

0.00 4.33 1.74 0.00 2020-21 12.60 25.61 0.22 2.84 2021-22 12.60 28.40 0.67 2.30 2022-23 12.60 28.84 0.07 5.71 2023-24 12.60 42.48 (-0.19) 6.09 TOTAL 58.80 128.23 0.00 0.00 4.33 2.53 16.95 GOVERNMENT OF INDIA, 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. Allianz Services Pvt. Ltd. Unit-I. 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 (Rs. In Cr.)

2019-20 2020-21 2021-22 2022-23 2023-24 Total FOB value of export 8.40 12.60 12.60 12.60 12.60 58.80 FE outgo 4.13 0.10 0.05 0.05 0.00 4.33 NFE 4.27 12.50 12.55 12.55 12.60 54.47 Performance as compared to projections: (Rs. In Cr) Cumulative NFE achieved: (Rs. In Cr) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 2.73 93.99%

2020-21 25.30 88.73% 2021-22 51.13 89.84% 2022-23 73.99 86.28% 2023-24 110.12 85.88% Employment Achievement:

Approved Achieved Men 109 149 Women 59 70 Total 168 219

Information: LOA No. & Date SEEPZ-SEZ/EKIPL- SEZ/ACISPL/44/2019-20 Dated 02.05.2019 Location of Unit Office No.1A,5th Floor, Tower B, EON Kharadi Infrastructure Pvt. Ltd. SEZ, Phase-II, s. No.72/2/1, Kharadi Pune- 411014.. Validity of LOA 01.01.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 02.01.2020 Execution of BLUT Rs. 4.40 Crores. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 9 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 219 (Men-149, Women-70) Area allotted (in sq.ft.) 17,856.50 .Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 81.53 Sq.ft Investment till date

Building

Plant & Machinery 2.72 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 18.03.2025 has reported as detailed below: EXPORT (Rs. In Cr) Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any (1) (2) (3) (4) (5) 2019-20 2.90 2.90 0.00

2020-21 25.61 30.36 -4.75 4.75) Crore has been issued by the unit. 2021-22 28.40 28.40 0.00

2022-23 28.84 28.85 -0.01 (0.01) Crore has been issued by the unit. 2023-24 42.48 44.79 -2.31 It is noticed that the unit has not Filed Softex in respect of invoice no. SEZ-23-24-1A-029 dated 29.02.2024 during the Month of Feb. 2024 amounting to Rs 0.02 Crores. The unit has submitted that they are in the process of filing the Softex for the said invoice. Further during the year Credit Note of Rs. (2.33) Crore has been issued by the unit. IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.) (Rs. In Cr) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records (Actual) Difference if any (1) (2) (3) (4) (5) 2019-20 1.74 1.74 0.00

2020-21 1.97 0.22 1.75 As per APR format the value reported is Cumulative Value, i.e, Total Value of CG Imported for the past 10 years (incl. this year). The Import as per CUSTOMS Records for this Year is 0.22 Crore 2021-22 2.64 0.67 1.97 As per APR format the value reported is Cumulative Value, i.e, Total Value of CG Imported for the past 10 years (incl. this year). The Import as per CUSTOMS Records for this Year is 0.67 Crores 2022-23 2.72 0.08 2.64 As per APR format the value reported is Cumulative Value, i.e, Total Value of CG Imported for the past 10 years (incl. this year). The Import as per CUSTOMS Records for this Year is 0.08 Crores 2023-24 2.53 0.00 2.53 As per APR format the value reported is Cumulative Value, i.e, Total Value of CG Imported for the past 10 years (incl. this year). The Import as per CUSTOMS Records for this Year is Nil. Raw Material (Rs. In Cr) 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 (Rs in Cr)

FY Goods Imported & Indigenous Services Imported & Indigenous 19-20 0.77 1.50 20-21 0.05 0.89 21-22 0.13 0.83 22-23 0.05 1.25 23-24 0.09 1.45 Total 1.09 5.91 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 4.40 Crore Total 4.40 Crore

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise: (Amount in ‘Crores’) (d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done) Men: 149 Women: 70 Total No Employment :219 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

(g) Whether all Softex has been certified, if so till which month has the same been certified. If not, provide details of the Softex and reasons for pendency. No. For the Softex filed for the Month of March- 2020, April-2020 To March-2021, April-2021 To December-2021, and April-2022, deficiencies were communicated to the unit. The deficiency is that the unit had not attached GOC’s for these Softex’s. The unit is yet to rectify the same.

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 Yes, the unit has received Approval for utilizing infrastructure from UAC/DC Office. Letter No: F.No. SEEPZ-SEZ/EKIPL/ACISPL/45/2019- 20/1935 Dt. 28.08.2019 (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. All the request id’s filed by the unit for the monitoring period have been processed. (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 128.23 Cr. against the projected export of Rs 58.80 Cr. on cumulative basis during 1st Block period i.e FY 2019-20 to 2023-24. The unit has achieved positive NFE of Rs. 110.12 Cr. i.e., 85.88 % in FY 2023-24 on cumulative basis. The unit has generated employment of 219 (Men-149, Women-70) 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.

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2019-20 4.20 1.80 0.00 0.00 4.33 1.59 0.00 2020-21 6.30 0.18 0.00 0.11 2021-22 8.40 4.50 0.00 0.42 2022-23 10.50 9.84 0.00 2.62 2023-24 12.60 28.61 0.19 5.49 TOTAL 42.00 44.94 0.00 0.00 4.33 1.78 8.64 GOVERNMENT OF INDIA, 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. Allianz Services Pvt. Ltd. Unit-II. 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 (Rs. In Cr.)

2019-20 2020-21 2021-22 2022-23 2023-24 Total FOB value of export 4.20 6.30 8.40 10.50 12.60 42.00 FE outgo 4.13 0.10 0.05 0.05 0.00 4.33 NFE 0.7 6.20 8.35 10.45 12.60 53.81 Performance as compared to projections: (Rs. In Cr) Cumulative NFE achieved: (Rs. In Cr) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2019-20 1.64 91.16%

2020-21 1.55 78.12% 2021-22 5.48 84.48% 2022-23 12.54 76.80% 2023-24 35.48 78.96% Employment Achievement:

Approved Achieved Men 90 121 Women 70 80 Total 160 201

Information: LOA No. & Date SEEPZ-SEZ/EKIPL- SEZ/ACISPL/45/2019-20 Dated 02.05.2019 Location of Unit Office No. 1B, 5th Floor, Tower B, EON Kharadi Infrastructure Pvt. Ltd.-SEZ, EON Phase-II, S. No. 72/2/1, Kharadi, Pune- 411014. Validity of LOA 01.01.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 02.01.2020 Execution of BLUT Rs. 4.20Crores. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 9 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 201 (Men-121, Women-80) Area allotted (in sq.ft.) 17,856.50.Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 88.83 Sq.ft Investment till date

Building

Plant & Machinery 1.59 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 18.03.2025 has reported as detailed below: EXPORT (Rs. In Cr) Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any (1) (2) (3) (4) (5) 2019-20 1.80 1.80 0.00

2020-21 0.18 3.28 -3.10 (3.10) Crore has been issued by the unit. 2021-22 4.50 4.50 0.00

2022-23 9.84 10.39 -0.55 (0.55) Crore has been issued by the unit.

2023-24 28.61 22.37 6.24 (6.24) Crore has been issued by the unit. IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.) (Rs. In Cr) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records (Actual) Difference if any (1) (2) (3) (4) (5) 2019-20 1.59 1.59 0.00

2020-21 1.59 0.00 1.59 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).

2021-22 1.59 0.00 1.59

FY Goods Imported & Indigenous Services Imported & Indigenous 19-20 0.61 0.50 20-21 0.00 0.30 21-22 0.00 0.28 22-23 0.01 0.42 23-24 0.03 0.48 Total 0.66 1.97 2022-23 1.59 0.00 1.59 The Actual Import Procurement is Nil as per CUSTOMS Records for the Year. Difference is Due to Cumulative value reported. 2023-24 1.59 0.00 1.59 Raw Material (Rs. In Cr) 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 (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

Date of Acceptance BLUT Amount 08.07.2019 4.20 Crore Total 4.20 Crore

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

             (Amount in ‘Crores’)

(d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done) Men: 121 Women: 80 Total No Employment :201

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. No. For the Softex filed for the Month of March- 2020, April-2020, May-2020, August-2020, December-2021, December-2023, & Feb-2024 deficiencies were communicated to the unit. The deficiency is that the unit had not attached GOC’s for these Softex’s. The unit is yet to rectify the same.

(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)

(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 Yes, the unit has received Approval for utilizing infrastructure from UAC/DC Office. Letter No: F.No. SEEPZ-SEZ/EKIPL/ACISPL/45/2019- 20/1934 Dt. 28.08.2019 (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. All the request id’s filed by the unit for the monitoring period have been processed. (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 received Approval for Creation of facility/amenities from UAC/DC Office. Letter No: F.No. SEEPZ-SEZ/EKIPL/ACISPL/45/2019- 20/2272 Dt. 29.10.2019. The unit has been informed to pay back the benefits of duty/tax availed for setting up above facilities. The unit is in the process of working out the same. They have agreed to pay back the benefits of duty/tax availed for setting up above facilities.
(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 44.94 Cr. against the projected export of Rs 42.00 Cr. on cumulative basis during 1st Block period i.e FY 2019-20 to 2023-24.

The unit has achieved positive NFE of Rs. 35.48 Cr. i.e., 78.96 % in FY 2023-24 on cumulative basis. The unit has generated employment of 201 (Men-121, Women-80) The Unit is required to Revise the APRs during FY 2021-22 to 2023-24. 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.

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

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Proposal dated 10.03.2025 submitted by M/s.Credit Suisse Services AG., IT/ITES unit located in M/s. EON Kharadi Infrastructure Pvt. Ltd-SEZ, Phase – II for Change in name and Proposed List of Directors pursuant to Merger (Holdco Merger) in accordance with the NCLT Order. b. Specific Issue on which decision of AC is required: -
Approval of the Committee for Change in name and Proposed List of Directors, in terms of Instruction No. 109 dated 18.10.2021. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per para (i) of Instruction no. 109, dated 18.10.2021, “Reorganization including change of name, Change of Shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, Change of Directors, etc. may be undertaken by the Unit Approval Committee (UAC) concerned subject to the condition that the Developer/Co-developer/ Unit shall not opt out or exit out of the Special Economic Zone and continues to operate as a going concern. All liabilities of the Developer/Co-Developer/Unit shall remain unchanged on such reorganization.” … d. Other Information: - Change of Name: Previous Name of the Unit New Name of the Unit M/s. Credit Suisse Services AG M/s. UBS Business Solutions (India) Pvt. Ltd. Proposed List of Directors: Sr. No Name Designation Din 1 Harald Horst Egger Director 08089849 2 Vishank Patel Director 08513882 3 Anubhav Agarwal Director 06711041 4 Seraina Frey Tiessen Director 08633796 5 Matthias Schacke Director 09664269 Shareholding Pattern: Unit said that, with effect from 1st April 2025, the Credit Suisse Services AG Pune branch will be demerged into UBS India. The shareholding of UBS India shall prevail for the said SEZ unit, which will become part of UBS India.

Information: - M/s. Credit Suisse Services AG. is granted LOA No. SEEPZ/EKIPL-SEZ/CSSAG/29/2017-18/17180 Dated 24.08.2017 is located at 1st to 4th Floor, Tower A, EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Survey No.72, Hissa No. 2/1, Kharadi, Pune-411014. DCP: 24.11.2017 LOA valid till: 23.11.2027 Reason for change in name and Proposed List of Directors: The unit submitted that approval is required for changes in name, shareholding, business transfer, mergers, demergers, constitution, and directors of SEZ Developers/Co-developers and SEZ Units. Following the NCLT-approved scheme, the Credit Suisse Services AG Pune Branch will be demerged into UBS India, effective 1st April 2025. The unit requests updates to the approval letter and records based on the NCLT order. Credit Suisse Services AG (CSSAG) operates through its Pune branch, providing IT/ITES services to Credit Suisse Group entities, now part of UBS Group after UBS acquired Credit Suisse on 12th June 2023. UBS plans to merge the Pune branch with UBS Business Solution (India) Pvt. Ltd., effective 1st April 2025. UBS India will continue providing IT/ITES services to the combined UBS Group. The No Objection Certificate, exemptions, and authorities, including power of attorney, will be transferred to UBS India, with all liabilities remaining unchanged. Pursuant to the NCLT Order, the unit requests changes in name and Proposed List of Directors, as per Instruction No. 109 dated 18th October 2021. The Unit has submitted following documents: Copy of Self attested NCLT Order Copy of the Directors details of UBS India Copy of Identity proof of Directors of UBS India Copy of Undertaking as per instruction No 109 e. Recommendation: Approval Committee may kindly consider the proposal of the unit for change of name and Proposed List of Directors as per the Schemes of India BuSo Merger, in accordance with the NCLT Order , in terms of Instruction no. 109 issued by MOC&I.

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