Minutes of the 119th meeting of the BoA for SEZs

No. K-430 I 9/5/2024-5t--Z Government of lndia Ministry of Commerce and Industry Depanment of Commerce (SEZ Section) Vaniiya Bharvan. New Delhi Dated the | 2tr' March. 2024 OI-T-ICE MEMORANDT]M

Subject: ll9'h Meeting ofthe Board ofApproval (BoA) for Special Economic Zones (SEZs)

Reg. Please find enclosed herewith Minutes of the I lgth Meeting of the Board of Approval (BoA) lbr Special Economic Zones (SEZs) held on 06'h March. 2024 under the Chairmanship of Commerce Sccretary. [)cpartmcnt ol'('otnmercc lbr intbrntation and necessarv action (Su m it rt mar c :l Under Secrctary to the Government of lndia Tel: 2303 9829 Fmail: sumit.sachan(alnic.in To l. Central Board of Excise and Customs' Member (Customs)' Department of Revenue' North Block, New Delhi. (Fax:23092628)' 2. Central Board of Direct 'l axes. Member (l'I), Department of Revenue' North Block' New Delhi. (Telefax : 230921 07 ) - 3. Joint Secretary, Ministry of Financc' Departmcnr of Financial Services' Banking "' Oluirion. Jcevan Deep tluitding. New Delhi (l: ax 23344462123366797' 4. Shri Sanjiv. Joint Se.retary. 6"pun'nt" of Promotion of Industry and lnternal 'Irade (DPllT), UdYog Bhawan. Ncw Delhi' s. ioint S""r"t.y]Minittry of Shipping' Transport Bhawan' New Delhi' ;. i;t;i i""r"t*y (E). Mi;itt;v ;f P"dleum and Natural cas' Shastri Bhawan' New Delhi 7. Joint Secretary, Ministry oiAg'itultu"' Plant Protection' Krishi Bhawan' New Delhi' 8. -ili;itiry of icience and l elhnology. Sc 'G' & llead (TDT)' Technology Bhavan' Mehrauli Road, Nerv Delhi' ('l'elelax: 26862512
9. Joint Secretary, uepartment'oi Biotechnology, Ministry of Science and Technology' 7'r' ' ploor, Block j. CCb Complex' Lodhi Road' New Delhi - I l0 003' 10.

Road, Nerv Delhi' ('l'elelax: 26862512
9. Joint Secretary, uepartment'oi Biotechnology, Ministry of Science and Technology' 7'r' ' ploor, Block j. CCb Complex' Lodhi Road' New Delhi - I l0 003' 10. Additional Secretary und' Dt"loprn"nt Commissioncr (Micro' Small and Medium " E'"r.rp;i;t S"ut.

• rna,,t'yi. Room No' 701' Nirman Bhavan' New Delhi (Fax: 23062315). I l.I;;y. Dcparrment ol.Fllectronics & lnlbrmation 'l'echnology, Elecrronics Niketan. 6. CGO Complcx. New Delhi' (l'ax: 24363 l0l )

12. Joint Secretary (lS-l). H'iinittry ol' Ilome Affairs' North Block' New Delhi (tiax: 23092569) ( )

I 3' Joint Sccretary (c&w). Ministry of Defence. r-ax: 230 r5444. South Brock. Nerv Derhi. l4'Joint secretary. Ministry of Environment and Forests. pariyavaran Bhavan. cGO Complex. New Delhi I t0003 (Fax: 24363577) l5 Joint Secretary & Legisrarive c-o.un1r, r-egisraiive Department. M/o Law & Justice. A- Wing. Shastri Bhavan. New Delhi. (T'el:23"387095). l6' Department of Legar Affairs (Shri Hemant Kumar.'Assistant Legar Adviser). M/o Law & Justice. New Delhi. I T Secretary, Department of C,emicars &petrochcm icars. shastri Bhawan, New Derhi lS Joinr secrerarv. Ministry of overseas l.dir" Aifbi;; lkbar Bhawan, ci,unrr.yuprri, N"* Delhi. (|ax: 246]-4140) i9' Chief pranncr' l)epartment o. Urban Atfairs, 'r'own country pranning organisation. Vikas Bhavan (tj-Block), I.p Estate, N.* Oeff1i. (Iiax: 23073678/23379197) ,o Biffil*ojl,"fij.Direcror Generat of n"rJg, :iJ"a". Departmenr of iom,,1erce. Udyog 2l' Director General. lixport Promotion Council fbr F]oLls/SEZs. gG, g,h Floor.

ff1i. (Iiax: 23073678/23379197) ,o Biffilojl,"fij.Direcror Generat of n"rJg, :iJ"a". Departmenr of iom,,1erce. Udyog 2l' Director General. lixport Promotion Council fbr F]oLls/SEZs. gG, g,h Floor. Hansalava Building. r5. uarakhamba Road. New o.rnl 'r roo6i ftax:223329770) 22. Dr. Rupa Chanda. prof-essor. Indian r.riiir,. "ina^, Road. Iiangalore. k"."u"r, ragement' Bangalore' Bennerghata 23. Development Commissioner. Noida Special Economic Zone. Noida. 24. Deveropmenr commissioner. rcunatu speciat i;;;;;;" Zone, candhidham. 25. Development Commissioner, ratta Special I;;;;l';"r", Kolkata. 26. Developmenr Commissioner, Sf enZ Speciaf e;;; Zone, Mumbai. 27. Development Commissioner, vaa.u, speciai E;;;;1. Zone, Chennai 28. Development Commissir z e oe,e,opmen ; .;; ; ; ;;:H [:l.{;::il :Xff l I..;HI,i ior v i,,r hop,tn u,, 30' Deveropment comm issioner. lndore speciai F..o"ro, iizon.. rraor.. :l ii;1"ffiil;"^[Ti:]?ft il*i?;i'l' j;''lliliL r;' z""" lt ir ,, C w i n g pon ,, ffi;lTff::;ilffi:j|te,, Dahej Speciat Economic Zone. Fadiachambers. Ashram 33' Development commis"sioner.. Navi Mumbai Special Lconomic Zone. SEEpZ Scrvice Center, Central Road. Andheri tgrl, rr,lr.U.i "+b,i'oiu :i ff '#",|ff : i,!;frH: :ffi ,sj;;r;;; ;;": r;i #;; Zon e' Sandesara Es."re, A t,ad ra 35. D-evelopment Commissio ". ';ri"""'. ii,.;r;lil,lili'Jllil;l#[" :'"'n Speciar Economic Zone. Udvog Bhawan. ro. uevetopment Commissic Gujarat lner' Reliance Jamnagar Special Econom ic Zone, Jamnagar, 37.

lopment Commissio ". ';ri"""'. ii,.;r;lil,lili'Jllil;l#[" :'"'n Speciar Economic Zone. Udvog Bhawan. ro. uevetopment Commissic Gujarat lner' Reliance Jamnagar Special Econom ic Zone, Jamnagar, 37. Development Commissior :r ?.".,d;;;; ;ffi ;:#l:l ij!1"'$:jliilllfl"ijlii;ii,lio,offi u,u,nnu i3 3lJliiiillXl 3ilil[]::., s'i'it]' s;;;i;i ;ffi;r.'zone. Andhrapradesh. 1l p::J;ffi I ;;,, ; ilil:l i',ffi t U:'i,',",'.L Econ o m i c z " "', M ;,s;;;' +z Lommerce Depanmenr' A.p. Secretariar. u1o.uua - 500022. (Fax: 040-2i452gg5). 43. covernmenr of felanpana. speciat ctiiei ;;;.",;;. lndustries and Commerce Depanmenr. Telansana S"ecrerariit K hairat"U"a. i f yi"rrUrO. .felan gana. " ! i'.:Tfl il:. "J" ff;ll': -iu'o;;'l lL; h:il; il"ff "." a n d r n d u st ry Depa rr m e n r o' S:;;il.,' ;i'tiii:j;;i;", :;1:*"i' 11,10,o,,",,. Energy and r abour

46. Government of Cuian Patel Bhawan. eto"-k lrll l''l"i*' Secretary' Indust '
47. Go,vernmenr or w".r lo 5.3rd F-roor. crroi,i,"er,i.rllrzSlt #jffi:fiIfi;Xii.'.o.. t+" rt""ri.'ii) ;*,i-tnFu"'"incipal Secretari' 1 c 0r6 __...,,r. 4. ou,,i,a.,","ir,"i,r:l; ,lflI,"iT#rilj.1lil,lL.r:i6l
48. Government of Tamil l .^ 600009 rr",,, rj+<-iiiiliSiPrincipal Secretarv (lndustries). F'ort st. George, chennai -
49. Covernment of Keral .^ r,.r",,a,,,' ;;il:'i';;,'j|?:'l'lrrln',';it"', (rndustries). Governmenr secrerariar. .," ;r',",T1ff::.",!I;.'#1,:lnnciat commissioner and principar Secretary). Departmcnr zlqoiij.'-'' t tutrat'" L rvrl Secretariat. chandigarh
50. Government ofRaiasthan- prinni^.r a-^_^. ,, , (Fax: 0172' . " o,.

::.",!I;.'#1,:lnnciat commissioner and principar Secretary). Departmcnr zlqoiij.'-'' t tutrat'" L rvrl Secretariat. chandigarh 51. Government ofRaiasthan- prinni^.r a-^_^. ,, , (Fax: 0172' . " o,. il",i. j,,o,i::;;;,itil ii|,:;;,.-'li" ( I ndustries ). Secrerariar campus. Bhagu an ;;::di!:-",iYi';,;;5;;l;i';,#,;retarv. .ndusrries). Lar Bahadur Shastri Jr. uovernmenr of puniah.. principat secreiir"y-"ilrun, ., UdyogBhawan). Sector-rl. (.handigarh 160017. nent of Industry & Commerce 54. Government of puduch, .- puducherry. erry' secretary. Depanment of lndustries, chief Secretariat. )5. Government ol. Odish -. Btrubaneshwa,I' rr r"rii"'' Principal secretarv (lndusrrics). odisha secrerariar. so. co,.rnr.ni ''", ' iri]Ji,t t t- : 067 t -s368ts/24062ss
., v.ttrlish;"";'rffi;, ,f"-,';;ir-Lrcrier secretarv. (Commerce and rndustry). " ;#:[fl:531,,1r,i,..5iX1ftn];.,r, s".,"",u,y. lrndustries;. No.4. Subhash Road. ," ilJ.Tl5il3[j.nunrro (Secretary). Deparrment ofl rndustries Nepal House, Doranda, 59. Union Territory of Damz ,^ D.pu.tr.nr oiiror.,":lr.'i and Diu and Dadra Nauar Hav-eli. lgcretarr (rndustries). oo. cou"rnr.rt "oiinr*"ijli. ttt'"tariat' Moti Daman - t"qr' ., Kohima.Nagarand. p'i"ip'i!".*";:';U.#:;i:rliff;J.1fl"?f#h,.",. o | (rovernment ,o,f Chattishgarh. Comm issioner_cum_Secre Industries. LIC Buildinc Crn,,",,. -'1[' -sum-secretary _lndustries. Directorate of (Fax:077r_25836sr). .s (.ampus. 2nd noor. pandri. il;;;. "il;;l1ffi.:h Copy to: pps ro CS / pps to AS (LSS) / ppS to .tS (VB/ pps ro Dir (SNS)

,",,. -'1[' -sum-secretary _lndustries. Directorate of (Fax:077r_25836sr). .s (.ampus. 2nd noor. pandri. il;;;. "il;;l1ffi.:h Copy to: pps ro CS / pps to AS (LSS) / ppS to .tS (VB/ pps ro Dir (SNS)

Minutcs of thc I l grh mcetin of the ard of A roval for SI'17.s hcld on ()6 M arch . 202{ at Vaniiva llha\lan. New Delhi The One Hundred and N ineteenth 1 I I 9rh.1 mceting of the Board ol' Approval (BoA) for Spe.ial Economic Zones (SEZs1 was held on !6rr' March' 2024 under the chairmanship ol'Shri Sunit Barthwal. S"...i*y. Department of Commerce at Vaniiya Elhawan' New Delhi through hybrid mode. The list of participants is at Annexure-I' I lg.l : Ratification of the minutes of the I l Sth meeting of the Board of Approval held on 06th FebruarY, 2024. .lhe Board ratified the minutes of the I I 8th meeting of the BoA for SEZs held on 06'h f'ebruary. 2024 I19.2: Request for extension of validity of formal approval of Developer (2 proposals) 119.2(i)RequestofM/s.VenkateshCoke&Powerl,td.forcxtensionofthevalidity period of formal approval granted for sctting up of an FTWZ at Athipattu' Nandiambakkam and puludii"t t"]n Villagcs, ponneri, Thiruvalur District, Tamil Nadu. The Board. afler dclibcrations. 4pplgr91! cxtension of the validity ol formal approval lbr one lear upto 02.10.2014. 119.2(ii)RequestofM/s.G.P.RealtorsPvt.I,td.forextensionofthevalidityof ir.*ul'"pp.or"l lranted for setting up of Electronic Hardware & IT/ITES SEZ at Viltug.

al approval lbr one lear upto 02.10.2014. 119.2(ii)RequestofM/s.G.P.RealtorsPvt.I,td.forextensionofthevalidityof ir.ul'"pp.or"l lranted for setting up of Electronic Hardware & IT/ITES SEZ at Viltug. n"ir.upu., B"lol" & Bandhwari, Distt- Gurugram (Haryana)' .fheBoardhasobservedthatcommcntsfionrDepartmentoflndustries&Commerce. Governmentofllaryanaisawaitedinthematter.Inthisregard.Departmentof.Industries& commerce. Government of l{aryana has inlormed the Board that they had sought comments liomTownandCountryPlanning(TCP).IJaryanaandthesamehasrlotreceivedyetby thcm. Once they receivc conrrirents ftom jICP. Haryana' they would provide their comments/approval in the matter. The Board. afier deliberations. sranled alroroval for extension of the validity of the formal approval lor one more y.u. und-r.grluti."d the period from 25.01.2020 subject to the condition that the extension sirall be valid subject to obtaining requisite approval from the Department ol lndustries & Commerce' Govemment of Haryana' I19.3: Requcst for extension of LoA of Unit (l proposal) 119.3(i) Request of M/s. Worldwide Safety Pvt' Ltd' (IJnit-lI)' Plot No' 49/A' ,tppu."t part< SEZ, Ahmedabad for Extension of LoA dated 06.11.2019 valid upto 05.11.2022. The Board noted that thc Unit has not done any construction activity till date and also lias not made any incrcmcntal dcliberations. Ei!e!!d the rcq investnent sincc last extension. Accordingly. the uest of the Unit tbr extension of validity of thcir Lo Board. aficr Page 1of 14 (-

also lias not made any incrcmcntal dcliberations. Ei!e!!d the rcq investnent sincc last extension. Accordingly. the uest of the Unit tbr extension of validity of thcir Lo Board. aficr Page 1of 14 (-

119.4: Requcst for partial/full de_nolificalion of SEZ (l proposal) g::;ii!,.r,1;l:1",ifli',il,"""ili,?ffi"i,1{:"iorj !Ti,"d: ror partiar de-notincarion Rajcn<lra Nrgu. wtun-aui Ranga Rertdy District, r",r"'lXi"o 287' Puppalguda Vittage, 'l'he Board. altcr dcliberations. aprrroved thc proposal. I19.5: Miscellaneous (6 cases) r r9'5(i) Request of M/s. wipro Limited for canccration of LoA issued to them as ('o-t)e veroper or M/s' Mahindr, \4'".r;;i,v ;rii, iilrs",o",tu Disrricr, Tamir Narru. 'l he Board. after deliberations. aoproved the proposal. I l9'5(ii) Rcquest of MA. orvx I'f societv, Co-Developer in M/s. phoenix .fcch Zone Pvt. Lrd, SEZ for rr'ln.t;S."1S.":.f.". ri;lii;i.";;"hibowti vilage, Seritingampruy Mandat, Ranga Reddv Districr, T"trrg;;; ,l;',,Juni". of Formal Approvat anrr Co_ Developer status to M/s. Evermark I.l. Developers pvt. Ltd. ooo.'ll';":"t:j:r:lilj:l'!::tions' arrprovcd the proposar ror rransrer or Formar o " i . r n p.,,- e u t ;il;'n;i,1,iJ; li:I #l';,ii:i, jl, i$::rr.::, t*. r.;#_li I ii-{t[ i: ;ilii; [iiil:: * m : ti",]t',;,t" ;;;;;;; ",iill1t.., " bu irt-up area. i n accordance :,^.1,1. ( b:il;;il; ;;_H,#ffiH ;:;l l#1,;H:;rl":J uirh thc Dc'eropcr suhiccr ro slandardtr uni.oial,iun, ur r..

iiil:: * m : ti",]t',;,t" ;;;;;;; ",iill1t.., " bu irt-up area. i n accordance :,^.1,1. ( b:il;;il; ;;H,#ffiH ;:;l l#1,;H:;rl":J uirh thc Dc'eropcr suhiccr ro slandardtr uni.oial,iun, ur r.. thc SIrZ Act and nures. i:XTi g:1,'ff.,ji]:flXT'wirr have inl 'rei', ," "-,.rne the raxabiriry orthe income by p,."or.ni' in.o,,;il ;.l1,,;:11#,il:il:I.:t J,:l,[#H.;.:":nlt**:# The^lease period shall be in accordancc with DoC,s Instr 2\lg. "!,,r ulLuruallru t!,rrn uoL.s lnstruction No.9g dated 29,r, August. llg's(iii) Request of MJs'- Spectrum IT Society, co-Deveroper for M/s. phoenix spaces pvt. Ltd, sEZ ror rrlrrbs ail;.',n":;Ht;apet vitrage, Ra;endra Nagar Mandai. Ranga Rcddv t)istrict, 1-ggnsuru r ;;;;; of Format Approvat and Co Developer status to M/"s. Evermark I.l. Developers pvt. l,td. l'he Board. after deliberations. approved the proposal lor transler of Formal Approval and Co-Devel oper status lionr M/s. Spectrunt I'[ Society to M/s. Evermark I'I Developers pvt. Ltd. in M/s. Phoenix ['cch Zone Pvt. t.rd. 'l he proposcd Co-Developer will be raking the existing bare shell on lease lrom the landowners for the purpose of sub-leasing to IT SEZ units and for the purpose of operations and maintenance . over I .178 million sq.ft ol built-up area, rn accordance with the Co_devel oper agreement dated 02.01.2024 entcred inro with the Developer subject to standard terms and conditions as per the SEZ Acr and Rules. Further. the Assessing Officer will have the righl to examine thc raxability ol' rhe inconte by way of lease rentals/down payment/premium etc.

ndard terms and conditions as per the SEZ Acr and Rules. Further. the Assessing Officer will have the righl to examine thc raxability ol' rhe inconte by way of lease rentals/down payment/premium etc. lor the under the prevalent Income-tax Act. l96l and Income-tax Rules. I 962 as amended lrom time to time. The lease period shall be in accordance wilh I) August. 201 9 Page 2 of 14 oC's Instruction No.9g dated 29rh purpose ol assessment

I19.5(iv) Request of M/s. Fortune lT Society, Co-Developer for Mis' Phoenix ip""", i'rt. Ltd, sEZ for IT/ITES at S-v. No. 286 & 28?, Kokapct Village' Rajendra N.agarMandal,RangaReddyDistrict,TelangarrafortransferofFormalApprovaland Co-beveloper status to M/s. Evermark IT Developers Pvt' Ltd' 'l'he Board, after deliberations' arrproved the proposal fbr transf'er of Formal Approval and co-Dcveloper status from M/s. rort.]* tr Society to M/s. Evermark IT Developers Pvt' l.td. in M/s. Phoenix Tech Z-one Pvt. I-td. The proposed Co-Developer will be taking the .*ir,ing tur. shell on lease fiom thc landowners for the purpose ol sub-leasin^g to^I'f.SEZ units aid for the purpose of operations and maintenance. over 0.433 million sq'ft. of built-up arca. in accordance with the Co-dcvelopcr agrcement dated 02.01 2024 entered into with the Dc".lop", subject to standard t..nr. und.onditinnt as per the SIIZ Acl and Rules. Further' if," ,qrr.*ing blficer will ha'c thc right to cxamine the taxability of the income by u'ay ol lease rentalsfoown payment/premium ctc. lor the purpose oi assessnrent under the prevalent Income-tax Rct. l96t and Income-tax Rulcs.

ha'c thc right to cxamine the taxability of the income by u'ay ol lease rentalsfoown payment/premium ctc. lor the purpose oi assessnrent under the prevalent Income-tax Rct. l96t and Income-tax Rulcs. 1962 as amended from time to time. The leasc period shall be in accordance with DoC's Instruction No. 98 dated 29th August. 2019. t 19.5(v) Cancellation of Formal Approval pertaining to M/s' Madhusheel Infra nro;ectsPvt.Ltd.,SEZforlT/lTESatSy.No'229-232,GaganpahadVillage'Rajendra Nagar Mandai, Ranga Reddy District, Telangana' Department of Revenue has notcd that cancellation of the tbrmal approval can be done aficr adjudication proceedings in the matter are completed' Accordingly.theBoard.alterdeliberations.decidedtoremandbacktheproposalto DC. VSEZ. t 19,5(vi) Request of M/s. DL!' lnfo Park (Pune) t,ttl., l)eveloper for decreasc in arca admeasuri ng 4.7498 llectares at plot No. PL-2 (Non-Notified) (vacant Land) from formal letter of aPProval. l.he Board, alter deliberation' aonroved the proposal of M/s. DI,F Info Park (Pune) [.td. lor decrease in area by 4.7498 hectares at plot No.

n-Notified) (vacant Land) from formal letter of aPProval. l.he Board, alter deliberation' aonroved the proposal of M/s. DI,F Info Park (Pune) [.td. lor decrease in area by 4.7498 hectares at plot No. PI--2 (Non-Notified) (vacant Land) liom lormal letter of aPProval. I 19.6: Appeal (5 cases) ll9'6(i)AppealfiledbyM/s.PlasticProcessors&ExporterPvt.Ltd.again.stthe Order'dated-i 1.04.2023 iisued by DDC, Noida SEZ regarding non-renewal of their LoA. Thc Board had heard the appellant in its I lsth meeting hsld on 17.06.2023 and has also takcn note of the report submittcd by the Committee constituted as per directions of the Iloard in its I I Trhe meeting held on I 7.1 I .2023 to examine all the aspecls of M/s. Plastic Processors & Exporter Pvt. Ltd. and other similarly placed lJnits' ThcBoard.afterdeliberations.Sppggd,.renewalofthel,oAoftheUnitforfive years subject to the following conditions: - Page 3 of 14

l1l. tV The Unit shall ensure necessary funding is arranged wirhin 3 monrhs ol the date of approval of extension and q6n511ug110=11 .o--Jn"ar"i.mediatery ro ensure that commercial production commences within 24rn.rri, "iiir" date of approval. ,'he t,nit wourd ensure their rrrst *p"n ".a".. *"iiii, ii --,n. from date orrenewar of'LoA. No tunher reouest -ill.b. .;n;;J;;;;'#;il, time limir of I 8 monrhs. No D'IA sul"s ouid bc 1l].ued ,fr.i"e ,h;"p.riod ,;t. rhis 5_ycar exrension ;ffi'J.T::;:i,i:liilii,iH: "'J ";;;';""J;;oi|liirn'"un., DrA sarcs may be Exit of the Unir in termi of Rules 74 and Transfer of ils Assets in rerms of Rure 74A :1,:::, Rures. 2006 *o,ra not-b.

on ;ffi'J.T::;:i,i:liilii,i*H: "'J ";;;';""J;;oi|liirn'"un., DrA sarcs may be Exit of the Unir in termi of Rules 74 and Transfer of ils Assets in rerms of Rure 74A :1,:::, Rures. 2006 o,ra not-b. ;i;;;; ;il;;the period or this 5-year illiltJlff- Clearance and other staturorv clearances. il required. would be obtained 'l'he tjnit will provide a clear roadmap and the UAa, NSEZ wourd examine rhe performance of the Unit after every six months p..iJ.^t-' ' l1::Tit[2]iareover and above the .;;;;;:;;;;",s orNFE requiremenrs under vi vii. I l9'6(ii) Appeal filed,_b1 n'IA. MNR Exports privatc Limited against the order dated 06.09.2023 issued by DC, Falra SEZ. -.' -' '- ' ! I 'r'he Board heard thc appe,ant and alicr deriberations. agreed to the prayer of-rhc appellant and remandcd ,h :?p".u] tu"t to OC. fulir-SeZ 1,f-, direction io gi'e them opporrunitl, of being heard and decide the ."r; ;;;r;;.' ' ll9'6(iii) Appear firod bv-M/s. McA & Associates, Unit-rt against the order dated l1J.:i:i,'rfit"l :1.?:;#1"' ; I'h" ;il ;:"p".. i,.io,i. r , i",.r, g "r I I9.6(ir') Appeal filcd.fy yA. varsur lmpex prr. l.rrl. againsr the ordcr dated llJ",;i,,ilfiffi, Hr?i;#l"z " r;;;;;; il[' in''n"',',.,. r"," "..ii^ile,r I l9'6(v) Appear firecr by M/s..shriji overseas against the order dated og.rl.223 fiH1",,)'u.,"',,1,,ff ilJ;".:'thd;;;i;;-' ;;"'" oli#,.,,,,, r ;;;;rr, The Board heard the ihi;:fl:::ll"if.,#;{:t#;iIl::l[:,,txli::Lrffi :H:.," j[:i.".tlx,xl The Board' after deribe-rations.

.rl.223 fiH1",,)'u.,"',,1,,ff ilJ;".:'thd;;;i;;-' ;;"'" oli#,.,,,,, r ;;;;rr, The Board heard the ihi;:fl:::ll"if.,#;{:t#;iIl::l[:,,txli::Lrffi :H:.," j[:i.".tlx,xl The Board' after deribe-rations. agrced to the prayer or the appelrants and remanded :1;ii::Jh:lt,il!; f,liii *r,h;;:;;;;; ;i"JilJ,." rrnits opporrunity orbeing heard I19.7: Rcqucst for conversion ofprocessing area i I l(B) (9 proposa ssing area untlcr llule Page 4 of 14 nto non-p (

119.7(D Request of M/s. DLF Limited, New Town, Rajarhat' Kolkata for demarcation oi " poaion of SEZ P.o""rring Built-up area to a Non-Processing Area in terms of Rule I I B of SEZ Rules' 2006. The Board has observed the followings: - i. -I'he Developer has refunded an amount ol Rs'l'70'88'4391 (Rupees one Crore fony-scventy lut h .ighty eight thousand four thirty nine only)- towards the dutiltu* e*emption -availed for the entire building including ,common infiastructure and rhe Specified OlIcer has issued No Dues Certificate on 20.02.2024. ii.TheDeveloperhasconfirmedthatwhileassessingthetaxliabilityallsocialand common infrastructurc facilities built up in the proccssing and proposed -non- processingareaandtheyhaverefundedtheentireamountandsubmittedNoDues Certificate from the Specified Ofliccr' iii.,I.heDeveloperhassubmittedanUndertakingthattheyshallremitanydifferential duty/taxbenefitswhichmighthavebeenshort-paid.ifitsodeterminedatalater date and also comply with the provisions of Rule I I B' Accordingly, the Board has aporoved thc request of MA Dt 'F' Limrted' New Town' Rajarhat. rcoti.ura.

avebeenshort-paid.ifitsodeterminedatalater date and also comply with the provisions of Rule I I B' Accordingly, the Board has aporoved thc request of MA Dt 'F' Limrted' New Town' Rajarhat. rcoti.ura. fo, d"*ur.utioi-irSETprocessing Built-up area (t 1977 sq.mtr.) as Non- Processing Area in terms of Rule I I B of SEZ Rules' 2006' 119.7(iD Request of M/s. Modern Asset, Developer' for demarcation- of SEZ p.o...ring Built-ui area (547g1.63 sq.mtr.) as Non-processing Area in terms of Rule I I B of SEZ Rules, 2006. The Board has observed the followings: - i. The Developer has refunded an amount of Rs 12'47'77'730l- (Rupees Twelve Croreforty-sevenlakhseventy-seventhousandsevenhundredthirtyonly)tor,r,ards the duty/tax exemption availld lbr thc area proposed to be demarcated and the commonfacilitiesandtheSpeciliedofficerhasissuedNoDuesCertificateon 19.02.2024. ii. The Developer has confirmed that while assessing the tax liability all social and common infrastructure facilities built up in the processing and proposed non- processingareaandtheyhaveretundedtheentireamountandsubmittedNoDues Certificate from thc Specitied Ofliccr' iii. .fhe Developer has sutmitted an Undertaking that they shall remit any ditferential duty/taxbenctjtswhichmighthavebeenshort.paid.ifitsodeterminedatalater dati and also comply with the provisions olRule l'lB' Accordingly, the Board has aporoved the request of M/s' Modem Asset' Developer' for demarcation of SEZ processing-6-ilt-up ur"u (54781.63 sq.mtr.) as Non-Processing Area in terms of Rule I I B of SEZ Rules. 2006. I 19.?(iii) Request of M/s.

quest of M/s' Modem Asset' Developer' for demarcation of SEZ processing-6-ilt-up ur"u (54781.63 sq.mtr.) as Non-Processing Area in terms of Rule I I B of SEZ Rules. 2006. I 19.?(iii) Request of M/s. Manl ata Promoters Privatc l'imi demarcation of SEZ Processing Built-up area (56,{61'91 sq'mtr') ted, DevcloPer, for as Non-Processing Area in terms of Rule I I B of SEZ Rulcs' 2006' Page 5 of 14

I l9.7{iv) Request of M/s. Sh.vamaraju & Comr l)evcloper, f,r demarcation of su/ r,.r.:.:JJr*'gr;l'loanY (lndial Private l.imired, Non-Processing Area in rcrms of Rute I I B of SEZ Rrt.r:101;:" (201651.29 sq.mlr.) as I l9'71v1 Rcquest of M/s. Quadron Business park- pvt. t,td. for nemarcation of Buitt up Ftoors as 'lr/on_proccssin! e.""iNpaj'"i ro,,i"i, ,rrrr", ,r,,r. I ,9'7(vi) Request of M/s' Embassr pune Tech 7-one pvt. Ltd. for appr,r.ar of Dcmarca'ion ,f Buirr up Ftoors as Non-riu.,r.irg o."" iNor ofnotificd ITliiES sEZ. ill#i?,,r.J;#;:."1f Svnergy rnrorcch pvr r.rd. (S'Z (.._Dereroper) in M/s. Arca(NpA)ornotified irifi::llf'emarcation of Built up Itoors as N#-p.o"".rine I l9'7(viii) llequest of M/s. Magarpatta l ownship Deveropment and construction ffi ii,J^i :1 ;:,1 Jffi fiT;,l,iil;;",,",'il [,,,,, p rr,. ^ .,v_ _-ll," * 'fhe Board has observr'd thar in the I Ili'r' r,eering of the BoA heid on 06.02.2024. the R.a;i 636 lakc' trccision 'nd approver, thc ,r*"r"irio",. dcnrarcation ()r.proccssing Area i;ii,',H[!;::il'Jl,: o*' trndclr'thc R;; ii;ffi',h""'r,', 0u,.,. 3006 subject -ro rhe It. Full repayment of the amount or' proportionatc ('ustoms duty.

,r*"r"irio",. dcnrarcation ()r.proccssing Area i;ii,',H[!;::il'Jl,: o*' trndclr'thc R;; ii;ffi',h""'r,', 0u,.,. 3006 subject -ro rhe It. Full repayment of the amount or' proportionatc ('ustoms duty. centrar l:xcise durv' centrar coods and Services r "-:i;'";;r,.;'L"lil'lro Services Tax and Stare Goods and Services t.ax and such ",r,". c.ii."ii.il"l"i [f..iil".* artri burabt e ro the area," b; ;;;; ;,ffif :Iffi :;l,:ll;ff [: Full repaymcnt of the amount of Custonrs duty. centrar Excise duty, central Goods and Services Tax. Inteurated cooa. onJ s1i.iJ.i.: "-'""i',"te coods and Services rax and such other Clnrral 11y,1., ""u ;;i #:iTx benefirs tike drawback attributable to the common infrastructure or.u u. ,tipului.j1,na., tt,. Rule I I B. Submission o.an Underraking,thar the ilrf,"o];fi;rl'r..r,,,, ,n, diff.erenriar dutv / tax benerjts which mishr havc- been rr,,"n priarii'i,"r,,'a.iJ*,r.u al a larer datc and also comply wirh the piovisions ol.Rulc I I U. ,he Board noted that the aforesaid dccision taken in the previous meeting of the board was taken in concurrence with. DoR in ant;;;ffi;; ii," prin.ipt., for determinarion ot payment of durv benefits wi, be.raid..dow;-";;.;';;cver. rhe Board has nored rhat concurrence of DoR in this regard is srill awaiej'tr'r"a.,, Accordingry' the Board has. requested DoR to immediatery fumish their concurrence / !lHi',,i; i:':?"f" ?;ot ::'n 'n'' ''r''' p'i"'ipi"'" i"''0",,',ation or puv..n, or du,y DoC. ,,Lcessary instructions providing clariry in ,t i, ,"s,"#,".;,iJ"o by '[he Board. aficr deliberarion.

/ !lHi',,i; i:':?"f" ?;ot ::'n 'n'' ''r''' p'i"'ipi"'" i"''0"*,,',ation or puv..n, or du,y DoC. ,,Lcessary instructions providing clariry in ,t i, ,"s,"#,".;,iJ"o by '[he Board. aficr deliberarion. deferred the pro (viii)1. Page 6 of 14 sals I lten.l o. I I9.7(iii) ro

llg.7(ix) Request of M/s. KRC Infrastructure and Project Pvt. Ltd. andfvl/s. Gera HoldingsPvt.Ltd-.forapprovalofDemarcationofBuiltupFloorsasNon-Processing Area (NPA) of notified ITATES SEZ. 'f he Board has observed the followings: - i. The Developer has relunded all the exemption and benefits availed for construction of the building to the tune of Rs. 44.66 Ciores after due assessment by the Specified Officer of tieir zone. No dues Certificate has been issued by the Specified Officer' ii. The Developer has also stated that they have refunded entire exemption and benefits for the enrire building which includcs the cxemption and benef,its availed for common inlrastructure like parking. [obby. Staircases and elevators etc' iii. The Developer has submitted an Undertaking that they shall remit any diff'erential duty / tax benefits which might have been short-paid. if it so determined at a later date and also comply with the provisions of Rule I I B' Accordingly'theBoardhasapprovedtherequestofM/s.KRClnfrastructureand projecr Pvt. Ltd. ;;d Mis. Gera tlotdingt eut. t.td.

determined at a later date and also comply with the provisions of Rule I I B' Accordingly'theBoardhasapprovedtherequestofM/s.KRClnfrastructureand projecr Pvt. Ltd. ;;d Mis. Gera tlotdingt eut. t.td. fbr demarcation of SIIZ Processing Built- up area (34.579.70 sq.mtr.) as Non-Processing Area in terms of Rule l1B of SEZ Rules' 2006. Decision of Sunnlcmcn tan Asenda 119.8: Request for extension of validity of formal approval of Developer (l proposal) 119.8(i) Request of M/s. Embassy Property Developments Private ['imited' nungiio.. for extension of validitl of l'ormal Approval', granted for setting up of i".ti. rp."in" SE2 for lnformation Technologr and Information Technologr Enabled Services 1IT/ITES) at Outer Ring Road, Rachenahalli Village, Bangalore, Karnataka State, beyond 01.03.2024. -fhcBoard.afterdelibcrations.gppror!4cxtcnsionofthcvalidityofformalapproval for one year upto 0l .03.2025. I19,9: Rcquest for convcrsion of processing area into non-processing area undcr Rule I I (B) (6 proposals) 119.9(i) Request of M/s. Qubix Busine ss Park Pvt' Ltd' for approval of Demarcation or suitt up F'loors as Non-Processing Area (NPA) of notified IT/ITES SEZ, 119.9(ii)RequestofM/s.NSt,SEZ(Hytlerabad)Pvt.l,ttl,l)evcloper,IT/ITESSEZ at IDA l-lppal, Iianga Reddy District, Tclangana for demarcation of their SEZ under Rule I I B of SE,Z (Fifth Amendment) Rules' 202-1' I19.9(iii) Request of M/s.

rabad)Pvt.l,ttl,l)evcloper,IT/ITESSEZ at IDA l-lppal, Iianga Reddy District, Tclangana for demarcation of their SEZ under Rule I I B of SE,Z (Fifth Amendment) Rules' 202-1' I19.9(iii) Request of M/s. DLF Info City llyderabad Ltd', Developer' IT/ITES SEZ at Gachibowli Village, Serilingam palll- Mandal, Ranga Reddy District, Telangana for demarcation of their S['Z undcr Rule I I B of SEZ (Fifth Amendment) Rules' 202-1' ( Page 7 of 14

T.he Board has observed that in the lrgrh meeting.of rhc BoA herd on 06.02.2024. the Board had taken decision una upp.a'ih" irffiil't", o"marcarion of processing Area i.:it}:l-iJffi:'J.:.o" undei the R;i; i;il;'ihl ,r, ,,... 2006 subject ro rhe i Fulr repavment of -rhe amount of proportionare _customs duty. central Excise duty' Centrar Goods and Services L'"-iiri.g,"0 coods and Services .rax and State Goods and Services T ^;; ,;;; ";he.rECentral levies and repaymenl of tax ffi :[::J ,.I,irj.'?il'i:I. i'ff ""[r' i" ;h;';'" to u' a..*.urJJ'u, -Npo u, ii Furl repayment of the amount or Customs duty. centrar Excise duty. Central Goods and Services rax, tntegrarea c""i.'""a s"ices Tax and state doods and Services Tax and .u",' ort..'c.nt.uil;;d repayment of tax benefits rike flffii"J atrributabte ,o ,f,. .orrJn lr'rr,.r.,rr" area as sripulated under the iii Submission ofan Undertaking that the Developer.shalr remit any direrentiar duty i tax benefits which.might r,ri. u."" ,r,""nc'..

utabte ,o ,f,. .orrJn lr'rr*,.r.,rr" area as sripulated under the iii Submission ofan Undertaking that the Developer.shalr remit any direrentiar duty i tax benefits which.might r,ri. u."" ,r,""nc'.. ,r,, .o determined ar a later date and also comply with tf," proririonr'oiffirl i; The Board noted that the aforesaid decision taken in the previous meeting of the board was taken in concurrencc i:h, D?l t; il;;;i", oi l,i. prin.ipr"s for dercrmination of. pavment ordurv benerits wiil be laid. dow;-"il;.;'r:';ever. rhe Board has nored rhat concurrcncc ol DoR in this rcgard is stitt aaitej'tr'r.a '' Accordingry' the Board has. requested DoR to immediatery fumish their concurrence / ;:ffi:l.; ifi?";", ?;0,;:.n ,r,u,',r,. p,i,.ip).. i",,o".,.,,i,arion of puy,.n, or d,,y DoC. - jessary insrructions providing clarity in ,t,. ."ri_1,",ir*"0 n, l he lloard. after deliberation. deferred the proposals lirem No. I I9.9(i) to (iii)l I l9'9(iv) M/s' oxvscn Business park private Limited, dcveroper of rr./r.r"ES sEZ at Ptot No. 7, sector_l4iINoida.(U.ar p;;il;;];;:sal for demarcation of a portion of buitt-up arca in SEZ as Non-process;;il; rril'iure r r B of SEZ Rures, 20b6. l he lloard has observed the lollowings: - , 1fi,.:Ejtl,"rJJ:fl.."id_e his tqucr No. SEZloxygen/Dev.07l20r5/05 dated stating that rhe tlutv :Y-"*?:,"^t- in rcspect of proposed' !ar, a.-r",ir.","i""-oiia, i::i ;d: i ; il";.ii"'T':i1 i:"il l LT' lio l" Il ll; 1"1;'"1"iil':"*tf: " :l ;:: lu.

gen/Dev.07l20r5/05 dated stating that rhe tlutv :Y-"*?:,"^t- in rcspect of proposed' !ar, a.-r",ir.","i""-oiia, i::i ;d: i ; il";.ii"'T':i1 i:"il l LT' lio l" Il ll; 1"1;'"1"iil':"*tf: " :l ;:: lu. The Developer has also stated that they have refund for the entire buildi ng which includes the cxempt roD inliastructure Iike parking. lobby. Srai rcases and elev rl. 1-he Developer has subrnitted an Undertaki ng that duty / tax benefits which might have becn short-paid. the provisions ol Rule ed entire exemption and benefits and benefits availed for common ators etc. th-ey shall remir any differenrial rl tt so determined at a later date and also comply with Page 8 of 14 llB ('

Accordingly. the uoard has approved thc request of M/s' Oxygen Business Park private Limited fbr demarcation or piiiut uuitt up area of 88325.50 sq.mt. in respect of 'l'ower l, (including Basement. Stilt fioor + l3 floois + Terrace)' as Non-Processing Area' in terms of Rule I I B of SEZ Rules' 2006' I19.9(v) Request of M/s. Arliga Ecoworld Infrastructure Pvt' Ltd' (formerly M/s' RMZ Ecoworld Infrastructu." fot. t,td.), Developer' for demarcation of SEZ pro."rring built-up area (-18253.26 sq'mtr') as Non-Processing Area in terms of Rule I I B of SEZ Rules' 2006. I19.9(vi) Request of M/s. Infoparks Kerala, Co-Developer of Kerala State IT tnfrastructureLimitedfordemarcationofSE'ZProcessingbuilt-uparea(5574sq.mtr.) ^, Non-P.o""..ing Area in terms of Rule I I B of SEZ Rules' 2006' 'fhe Board has obscrved that in rhe I l Str' mceting of the BoA hcld on 06.02.2024.

arcationofSE'ZProcessingbuilt-uparea(5574sq.mtr.) ^, Non-P.o""..ing Area in terms of Rule I I B of SEZ Rules' 2006' 'fhe Board has obscrved that in rhe I l Str' mceting of the BoA hcld on 06.02.2024. the lloard had taken decision and approved thc proposals for demarcation of Processing Area inro Non_processing Area under the Rule i td of the sEZ Rules. 2006 subject to the tbllowing conditions: - i. Futl repayment of the amount of proportionate Customs duty' Central Excise duty, Clniral Goods and Services Tax' Integrated Goods and Services Tax and state Goods and serrices Tax and such othei central levies and repayment of tax benefits like drawback attributable to the area to be demarcated as NPA as stiPulated under the Rule I 'l B' ii.FullrepaymentoftheamountofCustomsduty.CentralExciseduty.Central GoodsandServicesl.ax.IntegratedGoodsandSen.icesTaxandStateGoodsand Services.l.axandsuchother-Centralleviesandrepaymentoltaxbenefitslike drawback attributable to the common infrastructure area as stipulated under the Rute I I B. iii. Submission olan Undertaking that the l)cveloper shall remit any differential duty /taxbenefitswhichmightha"vebeenshort-paid.ifitsodeterminedatalaterdate and also comply with the provisions ol'Rule I I B' The Board noted that the aforesaid decision taken in the previous meeting of.the.board wastakeninconcurrenceitr'poninanticipationoftheprinciplesfordeterminationof p"V.", of duty benefits will be laid down very last' llowever' the Board has noted thal .on.u...n..

meeting of.the.board wastakeninconcurrenceitr'poninanticipationoftheprinciplesfordeterminationof p"V.", of duty benefits will be laid down very last' llowever' the Board has noted thal .on.u...n.. of DoR in this regard is still awaited by DoC' Accordingly,theBoardhasrequestedDoRtoimmediatetyfurnishtheirconcurrencc/ comments.ifanytoDoCsuchthatthcprinciplesfordeterminationol.paymentofduty benefits are laid down und n"."r.u.y instructions providing clarity in this regard are issued by DoC. l'he Board. after deliberation. deferred the proposals [item No l I 9'9(v) to (vi)] 119.10: APPeal (l case) l t9.10(i) Appeal filctl by M/s. Margo lmpcx Private t'imiled against thc d cision of trA('. NSEZ datcd 0{.01.202'l' Page 9 of 14 <-

,,,..,,"]1,?ll:'"lTlfi:Tfr,ffillJ;:li:,,:.JJ;i,ja, ,,[!T vitiation orthe proceedings J'he Board' alter deliberations.. agreed ro the prayer of the appellant and remanded the lfff:i:i::":"?i;i;y,il,"1.i,;;ffi'il;,.,.illl;l ;, opportunity or being heard and Decision on Surrnlcmenta A enda ll: Il9'rr: Request forexrcnsion of varicrirl 0f firrmar appro'ar ofDe'eroper(l proposar) I l9.l I(i) Requesr of M l,r rurrJrcr "-,-i,'1,,i",ir",'ni1;ilffi1Xll,ji$'r}ffl,,;,"',pmcnr corporarion Lrd SEZ ilim"Hi;r:EZ for Agr. & Fil p;il:#;T:x1::;ili;:3:l:,* ii::jil,T ., """ i5?:i'l;ffi:il.'r;;lions' anDroved extension ot'rhe varidity or rormar approvar I19.12: Request for Co_developer status (2 proposals) J.l?:l2li, Requcst of M/s. CG(J Developcrs LLp for r ftltTES SEZ of M/s.

ffi:il.'r;;lions' anDroved extension ot'rhe varidity or rormar approvar I19.12: Request for Co_developer status (2 proposals) J.l?:l2li, Requcst of M/s. CG(J Developcrs LLp for r ftltTES SEZ of M/s. Arrha 1"f"r,""i.-p"i1,O],,:"un, of co-developersratus in the Techzone l', Creater Noida, uttar pradesh )cated at Plot No.2l, Sector - Thc Board. after dcliherarions. a[ploygd thc proposal_ol.Mis. GGG Dcvelopers LLp Ibr co-deveropcr sralus in MA Arrha ilffi.'h p;;. fiJ.',o, coru.rrion rrom warm she, ro ::f[:X1lJ:il";"1:Jlffii']frxre and '"no,u,ion oir]isring rumirure & nr ours incruding 1 pp.e 1 -, n i; -,; ; t", # T1, : f ,,,::: :l Tj #,,?,i... Ti I lJ'.1;.",:' H :: ]:J J I dated l2 r I 202j entered into wirh ,rr. o.".i"i.r"rffi to srandard t..r, unj.onjitio^ u, fi:ffi i f fi :',i!: I|ff ff ':1,":.,:m:;::yj#J i u r,,,", r,. .i,n,'[XlTi I", n. ii:ii:linti;tl;nlli#rriuri:,x#r"ii::i:iil1[;T,{",lri:i;;!";: No. 98 dated 29"' Argust. 201v. tccordance with DoC's lnstructron i::j:l:lr"5iffi:[yj: .riv.arik sr-Z projecrs LLp,.Ahmedabad ror approvar as ur."r.,cl"i,l;,il,l,[: jil:i,".#"ffi i;,r|T,-i1,ff *.,;:.r..;;i'fl,I',l,n,", The Board has obserr deferred rhe proposal *,,n ,:1^::-" delicicncies in the proposal and after deliherarions. u;tri.;nr,; il;i,";i;";ilr';[:ilii:',i,l,i;,i..1jir,lcrrr irz ," ,.J'o",,i,',:,"il ,,," the pro.iect. brcak-up of equiry to debt etc. rangcmenl ol money, Iunding of I19.13: Request for increase in area by Co_developer (l proposal) 119...I:(i) Request of M/s.

z ," ,.J'o",,i,',:,"il ,,," the pro.iect. brcak-up of equiry to debt etc. rangcmenl ol money, Iunding of I19.13: Request for increase in area by Co_developer (l proposal) 119...I:(i) Request of M/s. Venus Green Buittt t,Lp addition of space in the approval as a Co_Developer GIl"l'-SUZ, Gandhinagar for Page 10 of 14 rr ithin th processing Area of (

GIFT-Multi Services SEZ al Ratanpur, District Gandhinagar, Gujarat, developed by M/s. GIFT SEZ Limited. 'l'he Board. after deliberations. apDroved the proposal of Mis Venus Green Build t.LP tbr increase in built-up area of (i) 330.000 ,qru.. ieet to 4,08.772 square l-eet (addition of 2g;12 square feet u."u) du. increase in devclopment rightsl ii) addition of 262 squarc meters of baiement extent. i.e. increase lrom 3474 square meters to 3736 square meters: iii) additionalappurtenantlandbelowgradelevelbcyondbasementextent232squaremetcrs. additional aiea, in accordance with- the Co-developer agrcement dated 02.03.2023 entercd into .,itn the Developer subject ro standard terms and conditions as per the SEZ Act and Rules. Ijurther. the Assessing Olficer will havc the right to examine the taxability ol'thc income by wa.v-' of lease ,"ntul./d.,*n payment/prcmium etc for the purpose of assessment under the prevalent Income-tax Act. l96l and Income-tax Rules. 1962 as amended from tinrc to time.'l'he lease pcriod shall be in accordance with DoC's Instruction No.98 dated 29'l' August. 2019. Furtiermore. the area restrictions lor duty paid shall be as per the Rulc t t,i(:Xc) of the SEZ Rules.

'l'he lease pcriod shall be in accordance with DoC's Instruction No.98 dated 29'l' August. 2019. Furtiermore. the area restrictions lor duty paid shall be as per the Rulc t t,i(:Xc) of the SEZ Rules. 2006.'Ihe other conditions of thc l-oA shatl remain the same' 119.14: Rcquest for approval of'Restricted' itcm (l proposal) ll9.l4(i)ProposalofM/s.ASFInsigniaSEZPrivatet,imited'Developerfor ,pp.o"ut of.Restricted' item to carry on authorized opcrations in the IT/ITES SEZ at Village Gwal Pahari, Gurugram (HarXana)' 'I.heBoardhasobservcdthatDoRrequiressomeclarificationsinthemattcr. Accordingly. the Board. after deliberations. g!g@9{ the proposal' I t9.15: APPeal (2 cases) 119.15(i)AppcalfiledbyM/s.Arshiya.lPl,servicesPrivateLimitedagainstthc decision of UAC, NSEZ dated 04.01-2024. I19.15(ii) Appeal filed by M/s. Srikaram Prescience Private Limited against the decision of UAC, NSEZ dated 04.01.2024. The Board heard the appellant and obscrvcd that there is vitiation of the procccdings in issuing Order and withdrawing the permissions by DC' NSIIZ' 'fhe Board, afler deliberations. agreed to the prayer of the appellants and remanded rhe appeals [item No. t 19.15(i) to (ii)] back to DC. NSEZ with direction to grant them an opportunity ofbeing heard and thereafter- decide the case on merits' I19.16: Request for conversion of processing area into non-processing area under Rule I 1(B) (7 proPosals) Limited, Developer, for demarcation I19.16(i) Request of M/s.

er- decide the case on merits' I19.16: Request for conversion of processing area into non-processing area under Rule I 1(B) (7 proPosals) Limited, Developer, for demarcation I19.16(i) Request of M/s. lnfopark Propcrties of SEZ Processing lluilt-up arca (38'007'61sq.mtr') Rule I I B of SEZ (l-ifth Amendment) Rules, 2023' tc ms of Page 11 of 14 as Non-Processing Area tn (

I19.16(ii) Request of M/s. Dl.F lnfo Cirv C demarcaiion ur ii7 p.o].".ring Buirr_up ur", 1jj.967h-"lnai Limired, Deveroper, for in lcrms of Rulc I I u orsr:z- Rules, 202-1. ' sq'mlr') as Non-Proccssing Area r I9'r6(iii) Requesr of M/s' Candor Gurgaon one Rearty_projccts private Limited, dcveloper of il/|TES SEz ar.viilage-.1;f;:ffi;ram (Haryana) _ proposat for ff rjJffi i:i ,,j :,t;i"il,::.b ;;;" "n'.'"""i' #"T', s EZ a s N. n - p ro"",,i n f ,r.", I 19.16(iv) Requesr of .M.{1..,!1and Canyon SEZ private Limired, Co_develoDcr in ASI'lnsignia sltZ pvr. Lrd.rr,r'i ar/;T;;,,;;i;atpahari, (;urugram 1,a-iana.y I,":"r""[; ffi fi", i##ilH ;1, ; ; il.; ;- ; ;#.:i, * n , i n to N o n _ iroce,. i n g . n."u I19.16(v) Rcquest "f yL::.Ijl. Canyon SEZ privare l.imire.. Co_devctoper in ASF tnsignia StZ pvt. Lrd--nTtrEia.r ;i;;;;irtp.hr;:-it;;,;;;;;;"dr,r)

• Proposal for demarcatio:r_ of a portion ,i U'rlii_rp processing Area into Non Processing Arca under Rute I t B of SEZ ft-ri*. iO6c '.- liJ;i-l!3'.", f#::il #Jl,k*;:|;"ti.;ii,i'J.#:,,.

;;;;"dr,r)

• Proposal for demarcatio:r_ of a portion ,i U'rlii_rp processing Area into Non Processing Arca under Rute I t B of SEZ ft-ri*. iO6c '.- liJ;i-l!3'.", f#::il #Jl,k*;:|;"ti.;ii,i'J.#:,,. Dcma rcation or Bu i,t u p I l9'r6(vii) Request of M/s' -Mindspace Business parks private Limited for Demarcation ()f Builr up Floors as Non-pr;;in;;elof a norifiea II./ITES SEZ. The Board has obser'cd that in the I rgrr' meeting or'the BoA herrr on 06.02.2024. the Roard had taken tlecision una rpp.,"a ir,,.' orrn"irio"J dcrnarcalion or.processin,.. Area i;lt):l-:;:il:,1,1.o" undcr thc R'i; iiil;;';."'.,,, ,.,r". 2006 subiecr ro rhe Full repayment of the amount ol..proportionate Customs duty. Central Excise duty. Cenrral Goods and Services lr_. iri.g."i.,r i""i, "ro Services Tax and State Goods and Services Tax and.such ",r,"r"cf"ririi." s and repayment of rax ffi:i:lJ'ff.ji?ilti:L Tif '';ir'-i" ir''',,* "JJ' ol''i,,u,.uted as NpA as Full repayment ol the amount of Customs duty, Central Excise duty. Central Goods and Services [-ax. Integratcd coods and iJ*i".r'i"- and State Goods and Services faxand such other-Central r.ri.r'*i'r"p"rv,".l,t ot. tu, benetits like [T,:!i.,]. artriburabte ro rhe common intu.trr"rr..Iui"u-u, stiprtut.a under rhe Submission of an Undertakin-q that the.Deveroper sharl remit any differentiar dutv / tax benefirs uhich miuht hai'e. bcen rr,on-pu1'a.

burabte ro rhe common intu.trr"rr..Iui"u-u, stiprtut.a under rhe Submission of an Undertakin-q that the.Deveroper sharl remit any differentiar dutv / tax benefirs uhich miuht hai'e. bcen rr,on-pu1'a. iii,-.o'i"i"rr rn.a at a rater datl and also comply wirh rh-e provisions of nuf ".iiS " II lI .l'he Board noted that the aforesaid decision taken was raken in concurrence wirh DoR l" ,;i;;;;;i;;;'i paynrcnt of dury bcnelirs will hc laid ao*" ,i,., t"i' concurence ofDoR in this regard is.ri a*aitej'ilv'L"oC in the previous mccting ofrhe board -thc principlcs lbr determination ol. However. the Board has noted that Page 12 of 14 C

Accordingly.theBoardhasrequestedDoRtoimmediatelyfurnishtheirconcurrence/ comments, if aniy

• to DoC such that the principles for determination of payment of duty benefits are laid iown and necessary instructions providing clarity in this regard are issued by DoC. The Board, after deliberation. deferred the proposals Iitem No. I19.16(i) to (vii)]' ll9.l7:Requestforconversionofwingwisefloorprocessingareaintonon-processing area under Rule I l(B) (4 proposals) ll9.l7(DRequcstofM/s'E,ONKharadiInfrastructurcPvt.Ltd.,PhaseIfor ;;;;"r; of Demarcation of Built up Floors as Non-Processing Area (NPA) of notified ITATES SEZ. ll9.l7(ii)RequcstofM/s'MidasProjectsPr,t.I.td,Co.DeveloperforM/s.Divyasree NSL inirastructure Pvt.

Ifor ;;;;"r; of Demarcation of Built up Floors as Non-Processing Area (NPA) of notified ITATES SEZ. ll9.l7(ii)RequcstofM/s'MidasProjectsPr,t.I.td,Co.DeveloperforM/s.Divyasree NSL inirastructure Pvt. Ltd, l'l'/lTlls SEZ at Raidurg Village, Serilingampalll' Mandai, Ranga Reddy District, Tclangana for demarcalion of their SEZ under Rule I I Il of SEZ (Fifth Ame ndment) Rules, 2023. ll9.l7(iii)RcquestofM/s'DivvasrceNSLlnfrastructurePvt'Ltd'Developer' l'f/ITdS Snz rt Sy. No.66/1, Raidurga Village, Serilingampally Mandai' Ranga Reddy Districl,.I'elanganafordemarcatittnoftheirSEZun<lerRulellBofSEz(Fifih Amendment) Rulcs, 2023 ll9.l7(iv)RcquestofM/s.DivyasrccTechParkContractorsPvt.Ltd,Co.Developer for M/s. Lanco tlills Tcchnologv Park Pvt. t,td, IT/ITI']S SEZ at Manikonda Village' Rajendra Nagar Mandai, Ranga Rcddl' District, Tclangana for demarcation of their SE7 under Rule I I B of SEZ (t-ifth Amendment) Rulcs' 2023 The Board has observed rhar in the I l8'h meeting ofthe BoA held on 06.02.2024' the Board had taken decision and approvcd the proposals for demarcation of Processing Area into Non-Processing Area under thc Rule llB of the SIIZ Rules. 2006 subject to the following conditions: - i. Full repayment of the amount of proportionale Customs duty, central Excise duty. Ciniral Goods and Services 'fax, Integrated Goods and Services Tax and State Goods and Services Tax and such other Central levies and repayment of tax benefits like drawback attributable to thc area to be demarcated as NPA as stipulated under the Rule I I B. ii. Full repaymcnt of the amount ol' Customs duty.

ther Central levies and repayment of tax benefits like drawback attributable to thc area to be demarcated as NPA as stipulated under the Rule I I B. ii. Full repaymcnt of the amount ol' Customs duty. Central l:xcise duty. Central Goods and Services Tax, lntegrated Goods and Services Tax and State Goods and Services Tax and such other Central levies and repaymenl of tax benefits like drawback attributable to the common inliastructure area as slipulated under the Rule I lB. iii. Submission ol an Undertaking thal the Developer shall remit any differential duty / tax benefits which might havc been short-paid. if it so determined at a later date and also comply with the provisions of Rule I lB. The Board noted that the alorcsaid decision taken in the previous meeting ofthe board was taken in concurrence with DoR in anticipation of the principles for determination of (- Page 13 of 14

paymenr of dury henefits will be Iaid down vcry l.ast. IIr concurrence ofDoR in this regard ir.urir*"lr.a'ilr'iobl'u*"u"t' the Board has noted thar Accordingry' the Board has. requested DoR to immediarery fumish their concurrence / [:[T:JI; i:,:?J"" nt ::.n tr"t'tt'''p'ii"ip).i iil'l'1,.*',arion or puy,.nt oia,ty DoC. ,,.!cssary instrucrions providing clarity in ,ni. ,.si#,;;,lJ;.1 b" The Board. after deliberation. deferred rhe proposals Iitem No. I I 9. I 7(i) to (iv)]. ( (^ Page 14 of 14

or puy,.nt oia,ty DoC. ,,.!cssary instrucrions providing clarity in ,ni. ,.si#,;;,lJ;.1 b" The Board. after deliberation. deferred rhe proposals Iitem No. I I 9. I 7(i) to (iv)]. ( (^ Page 14 of 14

List of participants for the Meeting of the Board of I Zones hctd 06,h March, 2024 ";i";,;i""",JI,-:.::":y or-Ap.prorat for Spcciat Economic co m m c""c a;".;,'; ;il;;, il.Iililiif,Tx;n. N cw oeih i,, ;;; ; ; Ei;',:-l;Hio,, I. Shri Sunil Banhwal. Com merce_Secretary. Depanmenl ol.Commerce :. Shri Santosh Kumar Sarangi. DC. DCFT ' - vps,,',,!, r. rnn L 5ar1a Srinivas. Ot1l,:::r, Sccrerary. Deparrmenr of Commerce 4. Shri Vipul Bansal. Joint Secretar) . Departmenr of Commerce :. Shri Senthil Nathan S. Di 6 M, R;,;;; #iili,xfi:;B;oJn,.,,of commerce /. )hn Kanjan Khanna. ADG. DCEP 6. shn Roshan Lal. Addl. DC, DGEP Y. Smt. P Hemalatha. Deveir r0. sh,i Bipi; Men; ;:J:;."r,.,' commissioner. cSEZ 11 p1.i _nar"srr lffi,;;:X.t?r commissiorer. NSEZ I2. Shri Dinesh Singh, Develr I ; :h,r lle1 ;;;i fi.#;l ;3:il,Hcommissioner. KA S EZ i.r. Jrxr..shubhra Agarwai. DC. ApSEZ t 5. Shri V.Sraman. DC. Mihan SFZ l9 !I l:r|l' Aparanji Koratl Jr)C. Visakhaparnam S[l I /. 5hn S.V. Varma, Specifier r 8 S hri pra veen -;;;fi ,;;1."; I lll,ilJil,lliTr#;ja,, List of participants connecled with Video Conferencing: I. 2. J. 4. 5. 6. 7. 8. lill 3..|, ;ll',-l;ffi:flffI SiTr m iss io ner FS EZ )nn v Uay Kumar Develoomr sr,ri eurrimaniuin.*, . ?iIll commissioner. Dahej SEZ :yl yl kT ;;H;'.:1 #i;:::[ ;] F""' " ioner' S u rar S EZ. G ujara t rffr ManJusha Chourasia. Scientist E, Meirv Dr.

EZ )nn v Uay Kumar Develoomr sr,ri eurrimaniuin., . ?iIll commissioner. Dahej SEZ :yl yl kT ;;H;'.:1 #i;:::[ ;] F""' " ioner' S u rar S EZ. G ujara t rffr ManJusha Chourasia. Scientist E, Meirv Dr. Sandeep Kumar Raur. fCpO. Virl.r if t tou.ing & Urban Alfairs i?;,lrr,, Kanr Mishra. Research Assisrant TCpO. Ministry ot.Housing & Urban 9. 10. Dr. RJR Kasibhatla. Addirional Irgai Adviscr. Ministrl of Law a Assisranr Di rec(or. I nd usrries & C; r.;.; ;;o;;1".;i. ;1r., "r, nd.lusticc \ r) Annexure-I