Agenda for Approval Committee meeting for EOU and SEZ under Pune Cluster scheduled on 07th May, 2026. — 03-wipro-sez

SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI.

AGENDA FOR MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT- ITES SECTOR OF WIPRO LTD.-SEZ, PUNE

DATE : 07.05.2026

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 07.05.2026

INDEX

Agenda Item No.

Subject

Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 30.03.2026 Agenda Item No. 02: - Action taken report for the Minutes of the meeting held on 30.03.2026 Agenda Item No. 03: - Application for list of material for authorized operation submitted by M/s. Wipro Ltd. (Developer) Agenda Item No. 04: - Monitoring of Performance of M/s Wipro Limited (Unit III)

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मेसस िवो लिमटेड -एसईजेड, पुणे, के आईटी/आईटीईएस के लए सेटर िवश िवशेष आथक े, का जोनल िवकास आयु# क$ अ&यता म(, सी)झ एसईजेड, मुंबई म( िद 30.03.2026 को आयो.जत 34 वी अनुमोदन सिम/त क$ बैठक का कायवृ3। 1 एसईजेड का नाम मैसस िवो लिमटेड -एसईजेड 2 े आईटी/आईटीईएस 3 मी5टग नं. 34 व7 4 तारीख 30.03.2026 उप:;थत सद;य: <. नाम और पदनाम (एस/>ी.)
िवभाग 1

ीमती िमतल िहरेमठ, संयु# िवकास आयु# पुणे A;टर एसईजेड, पुणे 2 ी संजय बांगर, उप उBोग िनदेशक, पुणे े महाराC सरकार से नािमत 3 ी )लेटो लोबो, सहायक िवदेश Dयापार महािनदेशक पुणे डीजीएफटी िवभाग से नािमत 4 ी धवल शकG , अधीक सीमा शुHक िवभाग, पुणे से नािमत 5 ी नवनाथ अवताडे, उप ेीय अ/धकारी महाराC दूषण िनयंण बोड से नािमत िवशेष आमंित : <. नाम एवं पदनाम(>ी/ >ीमती) िवभाग 1 ी िवनय खापरे, ए.ओ. (कायवाहक िविनJद अ/धकारी) सी)ज़-एसईज़ेड, पुणे A;टर

एज(डा आइटम नंबर 01: 24.02.2026 को आयो.जत 33 व7 बैठक के कायवृ3 क$ पुि: िवचार-िवमश के बाद, सिम/त ने 24.02.2026 को आयो.जत 33 व7 यूिनट अनुमोदन सिम/त क$ बैठक के कायवृ3 क$ पुि क$। एज(डा िवषय < 02: 24.02.2026 को आयो.जत 33 व7 बैठक के कायवृ3 के लए क$ गई कारवाई Nरपोट । िवचार-िवमश के बाद, सिम/त ने 02.01.2026 को आयो.जत बैठक के लए क$ गई कारवाई Nरपोट नोट क$ है।

एज(डा आइटम नंबर 03 : मेसस वो िलिमटेड यूिनट – II का मॉिनटरंग ऑफ़ परफॉम!स िवचार-िवमश के बाद, सिम/त ने एसईजेड िनयम, 2006 के िनयम 54 के अनुसार, चौथे Pलॉक अव/ध के दूसरे वष अथात िव3 वष 2024-25 के लए यूिनट के परफॉमRस को नोट िकया। यूिनट ने चौथे Pलॉक अव/ध के दूसरे वष अथात िव3 वष 2024-25 म( संचयी आधार पर 2025.20 करोड़ Tपये के अनुमािनत िनयात के मुकाबले 1535.70 करोड़ Tपये का िनयात हा.सल िकया है। यूिनट ने िव3 वष 2024-25 म( संचयी आधार सकाराUमक एन.एफ.ई 3364.93 करोड़ Tपये (नेट िवदेशी मूHय )हा.सल िकया है। यूिनट ने 3420 कमचाNरयW (पुTष- 2052, मिहला-1368) को रोजगार िदया है। सिम/त ने यह भी पाया िक यूिनट ने भारतीय Tपये म( ाX भुगतान के बदले डीटीए म( सेवाएं दान क$ हY, जैसा िक नीचे बताया गया है:: वष डीटीए िब<ी , राश करोड़ T. म( 2024-25 2.0673

चूंिक यिनट को िवदेशी मुZा के बजाय भारतीय Tपये म( भुगतान ाX हुआ है, इस लए अनुमोदन सिम/त ने एसईजेड अ/धिनयम, 2005 क$ धारा 2 (जेड) (iii) के ावधान का उ[ंघन करने के लए एससीएन जारी करने का िनदGश िदया। अ&य को ध]यवाद ^ापन के साथ बैठक समाX हुई।

Minutes of the 34th 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. Wipro Ltd.- SEZ, Hinjewadi, Phase-II SEZ, Pune, held on 30.03.2026. 1 Name of the SEZ M/s. Wipro Ltd. 2 Sector IT/ITES 3 Meeting No. 34th 4 Date 30.03.2026 Members present: Sr No Name and Designation (Smt/Shri.) Department 1 Smt. Mital Hiremath, Jt. Development Commissioner Pune Cluster SEZ, Pune 2 Shri. Sanjay Bangar, Dy. Director of Industries, Pune Region Nominee of Govt. of Maharashtra 3 Shri Plato Lobo, Asstt. Director General of Foreign Trade Nominee of DGFT, Pune 4 Shri. Dhaval Shirke, Superintendent Nominee of Customs, Pune 5 Shri Navanath Awatade, Sub Regional Officer Nominee of Maharashtra Pollution Control Board Special Invitee: Sr Name and Designation Department 1 Shri. Vinay Khapre, A.O. (Acting Specified Officer) SEEPZ-SEZ, Pune Cluster Agenda Item No. 01: Confirmation of Minutes of the 33rd meeting held on 24.02.2026 After deliberation, the Committee confirmed the minutes of the 33rd Approval Committee meeting held on 24.02.2026. Agenda Item No. 02: Action taken report for the Minutes of the 33 rd meeting held on 24.02.2026. After deliberation, the Committee has noted the Action taken report for the meeting held on 24.02.2026. Agenda Item No.03: Monitoring of Performance of M/s Wipro Ltd (Unit-II) After deliberation, the committee noted the performance of the unit for 2nd year of 4th Block Period i.e. FY 2024-25, in terms of Rule 54 of SEZ Rules, 2006. The Unit has achieved export revenue of Rs. 1535.70 Crores as against projected exports of Rs. 2025.20 Crores in 2nd year (i.e. FY 2024-25) of the 4th Block period The unit has achieved positive NFE of Rs. 3364.93 Crores on cummulative basis i.e. 99.87% at the end of 2 nd

year (2024-25) of 4th Block period. The unit has achieved employment of 3420 employees (Men- 2052, Women- 1368) in FY 2024-25. The committee also observed that the unit has provided services in DTA against the payments received in INR as detailed below: Year Value in Cr. 2024-25 2.0673 Since providing of “Services” in DTA against payment received in INR does not qualify as ‘Services’ as per definition given in Section 2(z) of the SEZ Act, 2005, The unit has violated the provisions of SEZ Act / Rules and under Foreign Trade (Development and Regulation) Act, 1992. As the Unit has received payment in INR instead of Foreign Currency, the Approval Committee directed to issue a SCN for contravening the provision of Section 2(z)(iii) of SEZ Act, 2005. Meeting ended with a vote of thanks to the Chair. signaturerectangle-1-186 ()ाने*र बी. पाट-ल, आयएएस) (Dnyaneshwar B. Patil, IAS) अ0य1-सह- वकास आयु3 Chairman-cum- Development Commissioner Digitally signed by Dnyaneshwar Bhalchandra Patil Date: 2026.04.08 14:37:22 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 30-03-2026 Agenda Item No. Subject Remarks Agenda Item No. 01 Confirmation of the Minutes of the 34th Meeting held on 24-02-2026 Minutes of the meeting held on 24.02.2026 confirmed by the Approval Committee. Agenda Item No. 02 Application for Monitoring of Performance(Wipro Limited Unit II) Approval letter was sent to the unit on 09.04.2026 and Show cause Notice was issued as per directions of UAC.

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 : Application dated 09.03.2026 of M/s. Wipro Limited (Developer), located at Plot No 31, MIDC, RGIP, Phase II, Hinjewadi, Pune 411057 for approval additional Capital Goods/material and Services for their authorized operations. b. Specific Issue on which decision of AC is required: -
Approval of Additional Capital Goods/material and Services with estimated total value amounting to Rs. 40.8513 Crores (Duty Forgone amount – Rs. 8.944 Crores) in terms of Rule 12 (2) of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per Rule 12 (2) of SEZ Rules, 2006: “The Developer shall make an application, after obtaining approval for the authorized operation under rule 9, to the Development Commissioner, along with the list of goods and services, including machinery, equipments and construction material required for the authorized operations, duly certified by a Chartered Engineer for approval by the Approval Committee”. d. Other Information: - List of Materials for Authorized Operations: (Rs. In Cr) Sr No Name of Authorized Operation Annexure Goods Duty Forgone (In Cr) Services Duty Forgone (In Cr.) 1. Estimated Value of Purchases in Import (Rs. in Cr)

I

6.13

2.69

2 Estimated Value for purchases in DTA (Rs. In Cr.)

II & III

15.38

2.77

19.34

3.48

Estimated Total Value (Rs. In Cr.)

21.51

5.46

19.34

3.48 Total Proposed Value of Goods and Services - Rs. 40.85 Cr (Duty Forgone - Rs. 8.94 Cr.) M/s. Wipro Limited, was granted LOA No. F2/50/2005-EPZ dated 21.08.2006. Location: Plot No.31, MIDC, Phase-II, Near Rajiv Gandhi Infotech Park, Phase I, Hinjewadi, Pune 411057

1. The Developer has submitted List of Goods and Services duly certified by the Chartered Engineer T.N. Suresh Kumar, Chartered Engineer, having Registration No ( AM-78162/5 DT 23-2-1993)
2. The Estimated value of the additional Capital Goods/material and Services is being proposed against replacement of old chiller and cooling towers (Total 03 numbers) along with refurbishment of Tower 1 and Tower 3.
3. The Specified officer was requested to submit a verification report for the above-mentioned list of materials vide letter dated 13.03.2026. The specified officer vide letter dated 20.03.2026 has given the following details: a. The SEZ Developer, vide application dated 09.03.2026 has submitted the list of material and services with estimated value of INR 2150.50 (In Lakhs) and INR 1934.63 (In Lakhs) respectively. The duty involved in the value of materials and services being proposed for replacement of obsolete material and refurbishment of common facility víz. Washroom and Pantry are being covered in the application. b. The material mentioned in Annexure I & II i.e. the Import and Indigenous capital goods along with services under consideration is being procured by the Developer - M/s Wipro Limited for chiller along with cooling tower (03 No's each of 600 Tr) of higher capacity as compared to existing chiller (04 No's each of 400 TR capacity) as has become obsolete. (Rs.612.78/-Lacs Import Value Plus Rs.1537.73 Lakhs Indigenous as Accessories of Chiller and Cooling Tower shall be procured locally to meet customized fitting issues). c. Developer has also submitted the layout of existing chiller and cooling towers with marking in Red (dot) which are going to be replaced. d. The Developer has also mentioned services as part of work contract for refurbishment of washroom and pantry in Tower 1 and Tower 3 respectively, (amounting to Rs.434.63 Lac), details of location provided in Annexure certified by Chartered Engineer (Annexure-III - Line Item 2 & 3) alongwith services covered for installation and commissioning of Chillers and Cooling Towers (Annexure-III - Line Item 1-Amounting to Rs.1500.00 lacs) To verify the valuation aspect of the material being procured as part of supply and work contract, the developer M/s Wipro Limited, SEZ Developer will submit the procurement documents and detailed Annexures at the time of each transaction. e. On perusal of list of materials being procured, it appears that these items are required for authorised operations of regular maintenance activity and services by the SEZ Developer i.e. Replacement of obsolete capital goods and refurbishment of existing infrastructure. f. Shri. T. N. Suresh Kumar, Chartered Engineer vide his certificate dated 09.03.2026, has certified the list of Import and Indigenous capital goods and services in which it has been stated that as per Annexure-I, II & III attached are required by M/s Wipro Limited Developer, to carry on their authorised operations (Replacement of obsolete capital goods and refurbishment of existing infrastructure.) g. In view of the above, the materials and services are apparently required for their authorised perations of SEZ Developer M/s. Wipro Ltd at their site. The approval sought for list of material may please be considered subject to ascertainment of value based on actual value from procurement documents. e. Recommendation: Approval Committee may consider the request of the Developer for approval of list of Goods and Services as per Rule 12(2) of SEZ Rules, 2006.

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2023-24 2024-25 2025-26 2026-27 2027-28 TOTAL FOB Value of Exports 3390.86 3424.77 3459.02 3493.61 3528.55 17296.81 FE Outgo 20.74 20.74 20.74 20.74 20.74 103.70 NFE 3370.12 3404.03 3438.28 3472.87 3507.81 17193.11 Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2023-24 3390.86 3909.77 0.00 0.00

98.75 0.25 0.00 2024-25 3424.77 4207.74 0.00 13.01 0.00 Total 6815.63 8117.51 0.00 0.00 98.75 13.26 0.00 Year Cumulative NFE Achieved Cumulative % NFE Achieved 2023-24 3906.41 99.91% 2024-25 8110.94 99.92% 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. WIPRO Limited., Unit-III located at Tower 4, Plot No 31, RGIP, Phase II, Hinjewadi, Pune -411057, for first 2 years i.e. FY 2023-24 and 2024-25 of the 3rd Block period of 2023-24 to FY 2027-28. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 2 years of the 3 rd Block period i: e FY 2023-24 and 2024-25 , 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 in 3 rd Block period: FY 2023-24 to FY 2027-28 Approved Projections (Rs in crores)

Performance as compared to projections:FY 2023-24 and FY 2024-25 (Rs in Crores)

Cumulative NFE achieved: FY 2023-24 and FY 2024-25 (Rs. In Crores)

Employment Achievement (Direct): FY 2024-25
Projected Achieved (as on 31.03.2025) Male – 4280 Female – 2304 Total - 6584 Male – 3173 Female- 2116 Total –5289

Name of the Unit Wipro Limited (Unit III) LOA No. & Date SEEPZ-SEZ/WL/05/2012-13 dated: 23.01.2013 Location of Unit Tower 4, Plot No 31, Wipro Ltd- SEZ, Rajiv Gandhi Infotech Park, Hinjewadi, Phase II, Pune- 411057. Validity of LOA 12.01.2029 Item(s) of manufacture/ Services IT/ITES

Date of commencement of production 13.01.2014 Execution of BLUT Rs 530.6630 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 No. of employees as on 31.03.2024 5289 Area allotted (in sq. ft.) 48663.76 Sq. mtrs. Area available for each employee per sq. ft. basis (area / no. of employees) 9.20 Sq. mtrs Investment till date

Building 0.00 Plant & Machinery 9632.65 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 vide his report dated 08.04.2026 has reported the following: Export From the year 1st April 2023 to 31st March 2025 ( Rs. in Cr.) Year/ Period Figures reported in APR (FOB Value) Figures as per Softex / Customs Records Difference, if any Reason for Difference / Remarks 2023-2024 3909.7715 1730.4500 2179.3200 (+ 2.1400) Difference on account of Exchange rate (-189.6000) Credit Notes issued (+2366.7800) Onsite Services

2024-2025 4151.5543 1723.43 2428.12 (+ 0.00) Difference on account of Exchange rate (- 126.44) Credit Notes issued (+ 2554.56) Onsite Services

*** Note: Deemed Export (Values of supplies made under Rule 53A (‘a’ to ‘k’) Year/ Period Figures as per APR Remarks 2023-2024 66.7685

2024-2025 56.1882

Total 122.9567

Import (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis:
From the year 1st April 2023 to 31st March 2025 (Rs. in Cr.) Year/ Period Figures as per APR Rs. In Cr Figures as per SEZ Online / Customs Records Rs. In Cr Difference, if any Reason for Difference / Remarks 2023-2024 0.4883 0.4883 0.0000

2024-2025 13.6634 13.6925 0.0291***

*** 2023-24 Nil
*** 2024-25 - Request ID 352500060765 for INR 0.0291 assessed on 25.03.2025 but bonded by Unit on 02.04.2025 not considered for reporting under APR FY 2024-25 Raw Material From the year 1st April 2023 to 31st March 2025 Year/ Period Figures as per APR Figures as per SEZ Online / Customs Records Difference, if any Reason for Difference / Remarks

2023-2024

2024-2025

Unit is into Service Industry IT & ITES, hence no Raw Material was imported or procured by us them till date. BLUT
1 Value of BLUT Executed (Duty foregone) (including for CG / Raw Material / Services)

TOTAL Duty value of BLUT Executed

Bond Balance (Rs. In Cr) BLUT Date CG & Services Duty Foregone BLUT1 12.07.2013 51.0000 8.7150 BLUT2 05.09.2019 46.1630 12.9789 BLUT3 05.07.2022 50.000 9.5202 BLUT4 10.05.2024 383.5000 81.8478 Total

530.6630 113.0619 2 Total Duty Foregone on goods & services procured. Category Wise:

Year Wise details for the monitoring period i.e. 1st April 2023 to 31st March 2025 (Rs. In Cr) Year Goods Service Imp. Ind. Imp. Ind. 2023-24 0.1887 0.1668 0.0000 0.5003 2024-25 5.9545 0.3312 0.0000 0.2295

6.1432 0.498 0.0000 0.7298

3 Has the Unit procured goods and or services without having sufficient balance in their BLUT. If yes, Month & Year when the BLUT was exhausted. Details of the consignments and Total value of Goods procured without having sufficient or nil balance in BLUT No

(d) Employment made as on date (as on end of block period / year up to which monitoring is being done) Year Men Women Others Total Projected 5 Yrs (2023 to 2028) 4280 2304 0 6584 Achieved at end of 31st March 2025 3173 2116 0 5289 (e) Details of pending Foreign Remittance beyond Permissible period if any (as on 31.03.2025) To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained.

Nil (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. All Softex filed and Certified

(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 Certified (h) Whether unit has filed any request for Cancellation of Softex No Cancellation applied (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) Yes ( Rs. In Cr) Year INR 2023-2024 40.6538 2024-2025 28.7249 Total 69.3787

(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. Unit has cleared Ewaste / Srcap into DTA:
(Rs. In Cr) FY A.V. Duty Paid 2023-2024 0.6185 0.16374 2024-2025 0.3734 0.1089 Total 0.9919 0.27264

(l) Is the unit sharing any of their infrastructures 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. All the DSPF for Service procured upto to 2024-25 received are produced and approved for endorsement by the SO office. (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 NIL

(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 office has been issued, or otherwise. Whether unit has availed any duty paid goods / services for setting up such facility? If yes, whether unit has discharged such duty / tax benefit availed? details to be given including amount of duty / tax recovered or yet to be recovered The unit is availing cafeteria / canteen facility of the Developer which is operated by the Developer as per the Authorized Operation letter No. F.2/50/2005-EPZ dated 8th January 2007 issued by MoCI to Developer.

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

The Unit has achieved export revenue of Rs. 8117.51 crores as against projected export of Rs. 6815.63 crores in first 2 years i.e. FY 2023-24 and 2024-25 of the 3rd Block period. The unit has also achieved a Positive NFE of Rs. 8110.94 Crores on Cumulative basis i.e. 99.92% at the end of 2 nd year (FY 2024-25) of 3 rd Block period. As per the SO Report the unit has achieved employment of 5289 employees (Men-3173, women-2116) in FY 2024- 25. As per SO report the unit has provided services in DTA against the payments received in INR, Year Value in Cr. 2023-24 40.6538 2024-25 28.7249 Total 69.3787 As per Section 2(z) of SEZ Act, 2005, the definition of Services is given as below: “Services means such tradable services which, i. Are covered under the General Agreement on Trade in Services annexed as IB to the Agreement establishing the World Trade Organization concluded at Marrakesh on the 15th day of April 1994; ii. May be prescribed by the Central Government for the purpose of this Act; and iii. Earn foreign exchange; As the unit has been granted LOA for providing IT/ITES Services from their SEZ Unit, and since the services provided by them to DTA against INR does not classify as a ‘Service’ as per definition as given in Section 2(z) of SEZ Act, 2005, the unit has violated the provisions of the SEZ Acts / Rules. UAC in its meeting dated 29.02.2024 while monitring the performance of the unit for 2nd Block period had directed the unit to revise all the APRs for 2nd Block period due to the incorrect Amortization value. The Unit till date has not submitted the revised APRs in this regard. Further with respect to the current monitoring of APRs for first 2 years of third block period, the unit has mentioned incorrect Amortization value in the APRs. Hence unit need to revise the said APRs as well.
The Approval Committee may like to monitor the performance of the Unit for the first 2 years of the 3 rd Block period i: e FY 2023-24 and 2024-25 in terms of Rule 54 of SEZ Rules, 2006 .

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