Minutes of Approval Committee meeting for Pune-Cluster held on 27 June 2023. — 14-9-the-manjri-stud-farm-pvt-ltd-sez

1 Minutes of the 93rdMeeting of the Approval Committee meeting held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for IT/ITES of M/s. The Manjari Stud Farm-SEZ, Pune held on 27.06.2023via video conferencing. 1 Name of the SEZ M/s. The Manjari Stud FarmPvt. Ltd.-SEZ 2 Sector IT/ITES 3 Meeting No. 93rd 4 Date 27.06.2023 Members present S r Name and Designation (S/Shri.) Department 1 Smt. MitalHiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Smt. Pradnya R. Gholap, DCIT (TDS) Pune Nominee of Income Tax, Pune 3 Dr. DileerajDabhole Dy. DGFT Nominee of DGFT, Pune 4 Smt. Sunita Jagtap, Superintendent Nominee of Customs, Pune Special Invitee S r Name and Designation Department 1 Shri B. Ajay Kumar Specified Officer M/s. The Manjari Stud Farm Pvt. Ltd.- SEZ Agenda Item No. 01: Confirmation of the Minutes of the92ndMeeting held on 30.05.2023 After deliberation, the Committee confirmed the minutes of the 92ndApproval Committee meeting held on 30.05.2023 Agenda Item No.02: Monitoring of Performance for M/s. Honeywell Automation India Ltd After deliberation, the committee noted the performance of the Unit, in terms of , Rule 54 of SEZ Rules, 2006. As detailed below: (i) The Unit has achieved export of Rs. 1945.21 lakhs against the projected export of Rs 2691.00 Lakhs i.e. 72.30% in FY 2021-22 (ii) The unit has achieved positive NFE of Rs. 622.57 lakhs on cumulative basis i.e. 32.00% in FY 2021-22. File No.S-SEZ-MINS0TMSF/1/2022-JDCP I/2313/2023 149

2 (iii) The unit has achieved Employment of 367 employees (Men 267, Women 100) In respect of incorrect calculations made by the unit in their APR, the committee directed the unit to revise their APR. Further, the committee observed that the unit has provided services in EOU against the payments received in INR as detailed below: (Rs. In Lakhs) FY Sales Value 2021-22 2.57 Total 2.57 Since providing of “Services” in DTA/EOU against INR does not qualify as ‘Services’ as per definition given in Section 2(z) of the SEZ Act, 2005, Unit has violated the provisions of SEZ Act & Rules and hence Committee after deliberation, directed to initiate action against the unit for violation of various provision of SEZ Act / Rules and under Foreign Trade (Development and Regulation) Act, 1992. Meeting ended with a vote of thanks to the Chair. (Shyam Jagannathan, IAS) Chairman-cum- Development Commissioner Email- dcseepz-mah@nic.in File No.S-SEZ-MINS0TMSF/1/2022-JDCP I/2313/2023 150