Minutes of Approval Committee meeting for Pune-Cluster held on 10 August 2023 — 09-quadron-minutes

Minutes of the 87th Meeting of the Approval Committee held under the Chairmanship of Development Commissioner SEEPZ-SEZ for Sector Specific Special Economic Zone for IT-ITES of M /s. Quadron Business Park Pvt. Ltd.-SEZ, Hinjewadi Phase-II, Pune, held on 10.08.2023 via video conference. 1 {Name of the SEZ M/s. Quadron Business Park Pvt. Ltd.-SEZ, Pune 2 Sector 'झफ नमन रा 3 ८८४०४ ४०.___ | 1५०. Br TM~—OCOCOCOCOCSCSC‘(S th 4 Date —i(‘TMSOSOC‘*d 10.08.2023 Members present al Name and Designation Department S/Shri. 1. |Smt. Mital 5 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, Superintendent [Nominee of Customs, Pune Special Invitee Sr | Name and Designation Department 1 |Shri Satbir Sharma M/s. Quadron Business Park Pvt. Ltd- Specified Officer SEZ Agenda Item No.01: Confirmation of Minutes of the 86% meeting held on 27.06.2023 The Committee, after deliberation, confirmed the minutes of the 86th meeting of the Approval Committee meeting held on 27.06.2023. Agenda Item No.02: Monitoring of Performance of M/s Cognizant Technology Solutions Pvt Ltd. After deliberation, Committee noted the performance of the unit for FY 2017-18 i.e. last year of 204 Block period and for FY 2018-19 to FY 21-22 i.e. first 4 years of 3rd Block period was placed before the Committee.

The Committee observed that the unit has achieved export of Rs. 381.33 Crores as against their Projected export of Rs. 1125.32 crores 1.€.33.89% in the FY 2017-18 of 274 Block period. The unit has achieved NFE of Rs. 3347.87 Crores 1.९., 96.57% on cumulative basis in the FY 2017-18 ice., last year of 274 block period. The Committee observed that the unit has achieved export of Rs 1946.19 The Committee observed that the unit has provided services in DTA against the payments received in INR as detailed below: Rs. In Crores | FY i DTA Sales Value 2017-18 1 184.59 2018-19 102.84 2019-20] | 18.10 | 10 [2020-21 | 16.15 «| 2021-22 | | 2545 «| Total sd | 347.14 ~«Y 14 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 Meeting ended with a vote of thanks to the Chair. "9 हिi Beau - (Rajesh Kumar ishra, IRS) Chairman-cum- Development Commissioner