Minutes of Approval Committee meeting for Pune-Cluster held on 10 August 2023 — 00-eon-i-minutes

Minutes of the 112th 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-] SEZ, Kharadi, Pune, held on 10.08.2023. 1 | Name of the SEZ M/s. EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase I 2 ॥: जाए) [पर /[्;छ७______._ ITES 3 |MeetingNo. Ss No. p11get—<CSsSOCOCOCSC*‘S 12th 4 8० ऋएिििििIIIJKओ 10.08.2023 Members present Se Name and Designation Department S/Shri. 1 | Smt. Mital Hiremath Pune Cluster SEZ, Pune Joint Development Commissioner 2 | Smt. Pradnya R. Gholap, Nominee of Income Tax, Pune DCIT (TDS) Pune 3 | Dr. Dileeraj Dabhole Nominee of DGFT, Pune Dy. DGFT 4 |Smt. Malathi J. Nair Nominee of Customs, Pune Superintendent Special Invitee Hi Name and Designation Department r 1 | Shri Satbir Sharma M/s. EON Kharadi Infrastructure Pvt. Specified Officer Ltd.-SEZ, Phase-I Agenda Item No.01: Confirmation of the Minutes of the 111 meeting held on 25.07.2023. After deliberation, the Committee confirmed the minutes of the 111th meeting of Approval Committee held on 25.07.2023 Agenda Item 10.02: Monitoring of Performance for M/s. S. G. Analytics Pvt. Ltd After deliberation, Committee noted the performance of the Unit for the period of 1s Block Period i.e. for FY 2016-17 to FY 2020-21 & 1 year of 2na Block period i.e. FY 2021-22 in terms of Rule 54 of SEZ Rules, 2006 as follows: The Unit has achieved export revenue of Rs. 199.05 Crores as against projected export of Rs. 161 Crores and achieved cumulative NFE of Rs. 186.58 Crores which is 93.74% in 1s Block period i.e. during FY 2016-17 to FY 2020-21.

» The Unit has achieved export revenue of Rs. 91.11 Crores as against the projected export of Rs. 71.16 Crores and achieved cumulative positive NFE of Rs. 86.55 Crores which is 95% in 1st year of 2na Block period i.e. in FY 2021-22.

The Unit has achieved employment of 399 employees (Men-240, Women-159) as on 31.03.2022

The Unit has not filed Softex for 654 invoices amounting to Rs. 59.84 Crores during the period FY 2016-17 to FY 2021-22. It is seen that the Unit has not been regular in filing of SOFTEX from 2016-17 onwards hence contravened the provisions of Rule 46 (3) (i) of the SEZ Rules, 2006.

The Unit has not filed DSPF for the services procured during the monitoring period.

» It is observed that the unit has provided services in DTA against the payments received in INR as detailed below: ear DTA Sale in INR Amount in Crores 2016-17. | | 027 2017-18 | | 078 2018-19 | 0.31_ | [2019-20 | | 955 __ 2020-21. | _ 1421 | 2021-22. | 172.229 | Total sis | 3751 | ¢ Since providing of “Services” in DTA 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 and issue Show Cause Notice to the Unit for irregularities in filing of SOFTEX forms and DTA Sale in INR. Agenda Item No.02: Monitoring of Performance for M/s. Cybage Software Pvt Ltd. After deliberation, Committee noted th Block period i.e. for FY 2019-20 to FY as follows: € performance of the Unit for first 3 years of 1st 2021-22 in terms of Rule 54 of SEZ Rules, 2006

The Unit has achieved export revenue of export of Rs. 277.80 Crores i.e. 163.08 during FY 2019-20 to FY 2021-22. Rs. 453.05 Crores as against projected % in first 3 years of the 1st block period i.e. The Unit has achieved cumulative positive NFE of Rs. 451.82 Crores which is 99.73% at the end of FY 2021-22. The Unit has achieved employment of 594 employees (Men-430, Women-164) as on 31,03,2022 . Agenda Item No.03: Monitoring of Performance for M/s. UBS Business Solutions (India) Pvt. Ltd. After deliberation, Committee noted the performance of the Unit for first 4 years of 1st block period i.e. for FY 2018-19 to FY 2021-22 The Unit has achieved export revenue of Rs. 2,418.10 Crores as against projected export of Rs. 900 Crores and achieved cumulative positive NFE of Rs. 2207.13 Crores in first 4 years of the 1s block period i.e. during FY 2018-19 to FY 2021-22. The Unit has achieved employment of 2654 employees (Men-1751, Women-903) as on 31.03.2022 Meeting ended with a vote of thanks to the Chair. eres | (Rajesh Kumar Mishra, IRS) Chairman-cum- Development Commissioner