Minutes of the Approval Committee meeting of SEEPZ-SEZ held on 23.04.2024 — 04-5-manjiri-stud-farm-minutes

मम ममससर मममजररीस्टीफममर-एसईजमट,, एसईजमट, पपुणम, आई्र/आई्रईएस कमीसमक्रीवविशशीववशमष आिररकीकमत, कमीजजानलाीववकमसीआययपुकीककीीअध्ययक्मीमम, ससीप्झीएसईजमट, मपुमबईीममीददी23.04.2024 कजाीआययजाजज्ी99 वसी अनपुमजादनीसिमि्ीककी बबैठकीकमीकमययरववत्त 1 एसईजमटीकमीनमम मम ममससरीमममजररीस्टीफममर-एसईजमट, एसईजमट 2 समक्री आई्र/आई्रईएस 3 बबैठकीक्रमममक 99ीवसीीी 4 ्मररख 23.04.2024

उपससस्थित सदस्य ि क. नाम एवं पदनाम (श्री/ श्रीमती) ववभाग 1 शसीम्सी िम्ला दहिरमठ समययपुक ववकमस आययपुक पपुणमीकलास्रीएसईजमट,ीपपुणम 2 टड ददलासीरमज दमभजालाम उप. टरजसीएफ्र पपुणमीटरजसीएफ्रीववभमाीसमीनमिम्ी 3 शसीम्सीीभमर्सी आहिहजम सहिम. आययपुक, आई्र आययकरीववभमाीसमीनमिम्ी 4 शसीम्सी ममला्सी जम. नमययर, अधसीकक ससीममीशपुल्कीववभमाीपपुणमीसमीनमिम्

ववशेष आमंतत्रित
क. नाम एवं पदनाम (श्री/ श्रीमती) ववभाग 1 शसीीटर.बसी.मजारम, वविनददरशीअिधकमरर ससीप्ज-एसईजमट, पपुणमीकलास्र

एजेडा ववष्य ि क 01 : दद 28.03.2024 को आ्य िोसजत 98 वीं बैठक के का्य िरवृतत कक पुसषष । ववचमर-ववमशरीकमीबमद,ीसिमि्ीनमी28.03.2024 ीकजाीआययजाजज्ी98 वसीमीअनपुमजादनीसिमि्ीककी बबैठकीकमीकमययरववतीककीीपपुवशीककी्त

एजजडड वविषय क 02 : मेससर ररि्य िललिषी प्री-मीडड्य िा सववरसेज प्राइवेष ललिलमषेड कड ममॉवनटररनरग ऑफ़ पनफमॉमरन्।

ववचमर-ववमशरीकमीबमद, सिमि्ीनमीएसईजमटीिनययम, 2006 कमीिनययमी54 कमीअनपुसमर, तती्नर ब्लाडकीअविधीकमीववतीवषरी2019-20 समीववतीवषरी2022-23 ्क, ययमिनी5 वषर्षोंीकमीिलाएीययहिन्ीकम पनफमॉमरर् कजाीनजा्ीदकययम्त

File No.S-SEZ-MINS0TMSF/1/2022-JDCP I/4251/2024 266

• ययहिन्ीनमीववतीवषरी2022-23ीममीसमचययसीीआधमरीपरी51.78 करजाड़ीरुपययमीकमीअनपुममिन्ीिनययमर्ीकम मपुकमबलामी65.98 करजाड़ीरुपययमीकमीिनययमर्ीहिमिसलाीदकययमीहिबै्त • ययहिन्ीनमीववतीवषरी2022-23ीममीसमचययसीीआधमरीपरी65.93 करजाड़ीरुपययमीययमनसीी127.42 %ीकमी सकमरमत्मकीएन.एफ.ई (नम्ीववदमशसीीमहल्ययी(हिमिसलाीदकययमीहिबै्त

• ययहिन्नमी156ीकमरचमारयययी(पपुरुष-122, मदहिलाम-33)ीकजाीरजाजामरीप्रदमनीदकययमीहिबै्त इ्कर अलडविड, ्वमवत नर पडयड वक, ययवनट नर नतीचर वदिए गए वविविनण कर अननु्डन भडनततीय रुपयर मज पडप भनुगतडनन कर ललए डतीटतीए मज ्रविडएर पदिडन कक हह

ववत वषर ए्ईजरड ्र डतीटतीए/ए्ईजरड/ए्टतीपतीीई वबिकक (नडवश. कनरोडन मज) 2019-20 2.03 2020-21 1.37 2021-22 0.87 2022-23 1.30 Total 5.58

इ् मडमलर मज, ययवनट करो वविदिरशती मनुदड कर बिजडय INR मज भनुगतडन पडप हही, इ्ललए यह SEZ अलधवनयम, 2005 कक धडनड 2(z)(iii) कर पडविधडन कड उलरघन हह। तदिननु्डन, ्वमवत नर इकडई करो कडनण बितडओ नरोवट् जडनती कननर कड वनदिरश वदियड।

एजजडड वविषय क 03 : मेससर षाएस इंडड्य िा प्राइवेष ललिलमषेड, कड ममॉवनटररनरग ऑफ़ पनफमॉमरन्।

ववचमर-ववमशरीकमीबमद, सिमि्ीनमीएसईजमटीिनययम, 2006 कमीिनययमी54 कमीअनपुसमर, तती्नर ब्लाडकीअविधीकमीववतीवषरी2022-23 समीववतीवषरी2026-27 ्क, ययमिनी5 वषर्षोंीकमीिलाएीययहिन्ीकम पनफमॉमरर् कजाीनजा्ीदकययम्त

• ययहिन्ीनमीववतीवषरी2022-23ीममी19ीकरजाड़ीरुपययमीकमीअनपुममिन्ीिनययमर्ीकमीमपुकमबलामी4.37ी करजाड़ीरुपययमीकमीिनययमर्ीहिमिसलाीदकययमीहिबै्त • ययहिन्ीनमीववतीवषरी2022-23ीममीसमचययसीीआधमरीपरी2.69ीकरजाड़ीरुपययमीययमनसीी61.62 %ीकमी सकमरमत्मकीएन.एफ.ई (नम्ीववदमशसीीमहल्ययी(हिमिसलाीदकययमीहिबै्त

• सिमि्ीनमीअनपुममनीसमीकमीिनययमर्ीउपलाजब्धीकमीिलाएीइकमईीदमरमीप्रस्पु्ीकमरणीकजाीभसीीनजा्ी दकययम्त • ययहिन्नमी30 कमरचमारयययी(पपुरुष-22, मदहिलाम-08)ीकजाीरजाजामरीप्रदमनीदकययमीहिबै्त File No.S-SEZ-MINS0TMSF/1/2022-JDCP I/4251/2024 267

एजजडड वविषय क 04 : मेससर एक्सेचरि सॉल््य िूशंस प्राइवेष ललिलमषेड, कड ममॉवनटररनरग ऑफ़ पनफमॉमरन्।

ववचमर-ववमशरीकमीबमद, सिमि्ीनमीएसईजमटीिनययम, 2006 कमीिनययमी54 कमीअनपुसमर, तती्नर ब्लाडकीअविधीकमीववतीवषरी2020-21 समीववतीवषरी2024-25 ्क, ययमिनी5 वषर्षोंीकमीिलाएीययहिन्ीकम पनफमॉमरर् कजाीनजा्ीदकययम्त

• ययहिन्ीनमीववतीवषरी2022-23ीममी349.11ीकरजाड़ीरुपययमीकमीअनपुममिन्ीिनययमर्ीकमीमपुकमबलामी 1135.77ीकरजाड़ीरुपययमीकमीिनययमर्ीहिमिसलाीदकययमीहिबै्त • ययहिन्ीनमीववतीवषरी2022-23ीममीसमचययसीीआधमरीपरी2586.33ीकरजाड़ीरुपययमीययमनसीी98.06 %ीकम सकमरमत्मकीएन.एफ.ई (नम्ीववदमशसीीमहल्ययी(हिमिसलाीदकययमीहिबै्त

• ययहिन्ीनमीववतीवषरी2022-23 कमीिलाएीआययम्ीआमकड़यीकमीसहिरीउल्लामखीनहिरमीदकययमीहिबैीऔरी इसिलाएीउनकमीएपसीआरीकजाीसमशजािध्ीकरनमीकमीिनदरशीददययमीाययमीहिबै्त • ययहिन्नमी4961 कमरचमारयययी(पपुरुष-2509, मदहिलाम-2452)ीकजाीरजाजामरीप्रदमनीदकययमीहिबै्त

अध्ययकीकजाीध्ययवमदीजमपनीकमीसमरीबबैठकीसममतीहिपुई्ती

Minutes of the 99th Meeting 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 Manjri Stud Farm- SEZ, Pune held on 23.04.2024 via video conferencing. 1 Name of the SEZ M/s. The Manjri Stud Farm Pvt. Ltd.-SEZ 2 Sector IT/ITES 3 Meeting No. 99th
4 Date 23.04.2024

Members present

Sr. No. Name and Designation (S/Shri.) Department 1 Smt. Mital Hiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Dr. Dileeraj Dabhole, Dy. DGFT Nominee of DGFT, Pune 3 Smt. Bharati Ahuja Asst. Commissioner, IT Nominee of Income Tax, Pune 4 Smt. Malathi J. Nair Superintendent Nominee of Customs, Pune

Special Invitee File No.S-SEZ-MINS0TMSF/1/2022-JDCP I/4251/2024 268

Sr Name and Designation Department 1 Shri D.B. More, Specified Officer SEEPZ-SEZ, Pune Cluster

Agenda Item No. 01: Confirmation of the Minutes of the 98th Meeting held on 28.03.2024 After deliberation, the Committee confirmed the minutes of the 98th Approval Committee meeting held on 28.03.2024.

Agenda Item No.02: Monitoring of Performance in M/s Reality Pre-media Services Pvt Ltd. After deliberation, the committee noted the performance of the unit for 4 years from FY2019-20 to 2022-23 of 3rd block Period, in terms of Rule 54 of SEZ Rules, 2006, as detailed below:

• The unit has achieved export of Rs. 65.98 Cr. against the projected export of Rs. 51.78 Cr. in FY 2022-23 on cumulative basis. • The unit has achieved NFE of Rs. 65.93 Cr. i.e., 99.93% in FY 2022-23 on cumulative basis. • The unit has achieved employment of 156 employees (Men-122, Women-33)

Further, the committee observed that, the unit has provided services in DTA against the payments received in INR as detailed below:

FY SEZ to DTA/SEZ/STPI Sales (Amt. in Crores) 2019-20 2.03 2020-21 1.37 2021-22 0.87 2022-23 1.30 Total 5.58

In this case, the Unit has received payment in INR instead of Foreign Currency, hence contravened the provision of Section 2(z)(iii) of SEZ Act, 2005. Accordingly, the committee directed to issue a Show Cause Notice to the unit.

Agenda Item No.03: Monitoring of Performance in M/s. TAS INDIA PVT LTD

After deliberation, the committee noted the performance of the unit for 1- year FY 2022-23 of 3rd block Period, in terms of Rule 54 of SEZ Rules, 2006, as detailed below:

• The unit has achieved export of Rs. 4.37 Cr. against the projected export of Rs. 19 Cr. in FY 2022-23. File No.S-SEZ-MINS0TMSF/1/2022-JDCP I/4251/2024 269

Flle NO.D-DEZ-MtNSU ! MDF/'t, ZVZZ\IL,Vr The unit has achieved NFE of Rs.2.69Cr.i.e.,6l.62VoinFy 2022.23 on cumulative basis. The committee noted the reason submitted by the unit for less achievement of export than projected. The unit has achieved employment of 3O employee s (Men-22, Women-Og) Agenda Item No.04: Monitoring of performance in M/s. Accenhre Solutions kt Ltd. After deliberation, the committee noted the performance of the unit for l- year FY 2022-23 of 2nd block period, in terms of Rule s4 of sEZ Rules, 2oo6, as detailed below: zll v4251t2024 The unit has achieved export ofRs. 773572 Cr. against the projected export ofRs.349.ll Cr. in FY 2022-23. The unit has achieved NFE of Rs.2586.33 Cr. i.e., 98.060/o in Fy 2022.23 on cumulative basis. The Unit has not correctly mentioned import figure for Fy 2022-23 and hence the committee directed to revise their ApR. The unit has achieved emploJment of 4961 employees (Men-25O9, Women_ 24s2). Meeting ended with a vote of thanks to the Chair. @ajesh Kumar Mishra, IRS) Chairman and Development Qgtnrnig9igl61 #f-^1 pftrgrntum, qdqrl\q) gEfr qd frarr erga